4//SEC Filing
ABRY Senior Equity V, L.P. 4
Accession 0000905718-22-000531
CIK 0001774170other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 4:44 PM ET
Size
6.4 KB
Accession
0000905718-22-000531
Insider Transaction Report
Form 4
PowerFleet, Inc.PWFL
ABRY Senior Equity V, L.P.
10% Owner
Transactions
- Other
Series A Preferred Stock
2022-03-31$1000.00/sh+861.109$861,109→ 46,786.923 total→ Common Stock, par value $0.01 per share (117,654 underlying)
Footnotes (2)
- [F1]Each share of Series A Preferred Stock is convertible at any time, at the option of the holder, into a number of shares of common stock, par value $0.01 per share, of the Issuer determined by dividing the issue price of the Series A Preferred Stock ($1,000 per share) (the "Issue Price"), plus any accrued and unpaid dividends, by the Series A Conversion Price at the time of conversion. The initial Series A Conversion Price is equal to $7.319, and is subject to adjustment. The Series A Preferred Stock has no expiration date.
- [F2]The Reporting Person received 861.109 shares of Series A Preferred Stock (or 117,654 shares of Common Stock on an as-converted basis) as a payment-in-kind dividend on 45,925.814 shares of Series A Preferred Stock (or 6,274,876 shares of Common Stock on an as-converted basis) owned on the dividend record date.
Documents
Issuer
PowerFleet, Inc.
CIK 0001774170
Entity typeother
Related Parties
1- filerCIK 0001690188
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 4:44 PM ET
- Size
- 6.4 KB