EQM Technologies & Energy, Inc. 4
4 · EQM Technologies & Energy, Inc. · Filed Nov 14, 2013
Insider Transaction Report
Form 4
RAYNOR DANIEL
10% Owner
Transactions
- Disposition to Issuer
Series A Convertible Preferred Stock
2013-11-12−952,381→ 0 total(indirect: By Argentum Capital Partners II, L.P.)Exercise: $0.35→ Common Stock (8,571,429 underlying) - Award
Series B Convertible Preferred Stock
2013-11-12+952,381→ 952,381 total(indirect: By Argentum Capital Partners II, L.P.)Exercise: $0.35→ Common Stock (8,571,429 underlying)
Footnotes (4)
- [F1]Mr. Raynor is a co-managing member of Argentum Investments, LLC, which is the managing member of Argentum Partners II, LLC, which is the general partner of Argentum Capital Partners II, L.P. As a result, Mr. Raynor may be deemed to beneficially own the securities held by Argentum Capital Partners II, L.P. Mr. Raynor disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
- [F2]Series A Convertible Preferred Stock is convertible into such number of shares of the Company's common stock equal to the quotient of (x) the aggregate stated value (initially $3.15) of the shares of Series A Convertible Preferred Stock being converted, divided by (y) the conversion price (initially $0.35) then in effect. The conversion price is subject to anti dilution adjustment in certain circumstances, as set forth in the Certificate of Designations of Series A Convertible Preferred Stock. Series A Convertible Preferred Stock is convertible at any time and has no expiration date.
- [F3]On November 12, 2013, Argentum Capital Partners II, L.P. and the Company entered into a securities purchase agreement whereby Argentum Capital Partners II, L.P. purchased 952,381 shares of Series B Convertible Preferred Stock from the Company in exchange for 952,381 shares of Series A Convertible Preferred Stock.
- [F4]Series B Convertible Preferred Stock is convertible into such number of shares of the Company's common stock equal to the quotient of (x) the aggregate stated value (initially $3.15) of the shares of Series B Convertible Preferred Stock being converted, divided by (y) the conversion price (initially $0.35) then in effect. The conversion price is subject to anti dilution adjustment in certain circumstances, as set forth in the Certificate of Designations of Series B Convertible Preferred Stock. Series B Convertible Preferred Stock is convertible at any time and has no expiration date.