4//SEC Filing
EQM Technologies & Energy, Inc. 4
Accession 0000921895-13-002313
CIK 0001418065operating
Filed
Nov 13, 7:00 PM ET
Accepted
Nov 14, 8:50 PM ET
Size
10.0 KB
Accession
0000921895-13-002313
Insider Transaction Report
Form 4
BARANDIARAN WALTER
Director10% Owner
Transactions
- 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) - 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)
Footnotes (4)
- [F1]Mr. Barandiaran 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. Barandiaran may be deemed to beneficially own the securities held by Argentum Capital Partners II, L.P. Mr. Barandiaran 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.
Documents
Issuer
EQM Technologies & Energy, Inc.
CIK 0001418065
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001418065
Filing Metadata
- Form type
- 4
- Filed
- Nov 13, 7:00 PM ET
- Accepted
- Nov 14, 8:50 PM ET
- Size
- 10.0 KB