NOTIFY TECHNOLOGY CORP 4
4 · NOTIFY TECHNOLOGY CORP · Filed Jun 1, 2007
Insider Transaction Report
Form 4
COMVEST VENTURE PARTNERS LP
10% Owner
Transactions
- Disposition to Issuer
Unit Purchase Options
2007-05-29$10.00/sh−2.59$26→ 0 totalFrom: 2001-07-20Exp: 2008-07-20→ Common Stock - Disposition to Issuer
Warrants to purchase common stock
2007-05-29$0.20/sh−608,151$121,630→ 0 totalExercise: $1.00From: 2001-07-20Exp: 2008-07-20→ Common Stock (608,151 underlying) - Disposition to Issuer
Common Stock
2007-05-29$0.20/sh−2,800,000$560,000→ 0 total
Footnotes (3)
- [F1]These securities are owned directly by ComVest Venture Partners LP ("ComVest"). The general partner of ComVest is ComVest Management, LLC, whose sole member is Commonwealth Associates Group Holdings, LLC ("CAGH"). CAGH is also the sole member of Commonwealth Management, LLC ("Commonwealth Management"), which is the general manager of Commonwealth Associates, LP ("Commonwealth").
- [F2]Each Unit Purchase Option consists of 10,000 shares of Series A Convertible Redeemable Preferred Stock (each such share convertible into 10 shares of common stock of the Issuer) and warrants to purchase 35,000 shares of common stock of the Issuer at an exercise price of $1.00 per share.
- [F3]These securities are owned directly by Commonwealth.