4//SEC Filing
Remark Media, Inc. 4
Accession 0000921895-15-002153
CIK 0001368365operating
Filed
Sep 24, 8:00 PM ET
Accepted
Sep 25, 7:21 PM ET
Size
15.2 KB
Accession
0000921895-15-002153
Insider Transaction Report
Form 4
Tao Kai-Shing
Director
Transactions
- Conversion
Common Stock
2015-09-23$4.23/sh+928,906$3,929,272→ 5,246,314 total(indirect: By LLC) - Conversion
Common Stock
2015-09-23$3.75/sh+760,736$2,852,760→ 4,317,408 total(indirect: By LLC) - Conversion
$2,500,000 Senior Secured Convertible Promissory Note
2015-09-23→ 0 total(indirect: By LLC)Exercise: $3.75From: 2013-11-13Exp: 2015-11-13→ Common Stock (760,736 underlying) - Conversion
$3,500,000 Senior Secured Convertible Promissory Note
2015-09-23→ 0 total(indirect: By LLC)Exercise: $4.23From: 2014-01-29Exp: 2016-01-29→ Common Stock (928,906 underlying)
Holdings
- 275,000(indirect: By: Pacific Star Capital Management, LP)
Common Stock
- 21,821(indirect: By LLC)
Common Stock
- 144,749
Common Stock
Footnotes (6)
- [F1]Reflects the conversion of $2,500,000 in principal and $352,758 in accrued and unpaid interest outstanding under the $2,500,000 Senior Secured Convertible Promissory Note as of September 23, 2015.
- [F2]Mr. Tao is the manager and a member of Digipac, LLC ("Digipac"). As a result, Mr. Tao may be deemed to beneficially own the securities held by Digipac. Mr. Tao disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
- [F3]Reflects the conversion of $3,500,000 in principal and $429,270 in accrued and unpaid interest outstanding under the $3,500,000 Senior Secured Convertible Promissory Note as of September 23, 2015.
- [F4]The $3,500,000 Senior Secured Convertible Promissory Note was amended effective September 23, 2015 to provide for the automatic conversion of the unpaid principal and accrued and unpaid interest under the note into shares of common stock at a conversion price of $4.23 per share, the closing price of the common stock on the preceding trading day.
- [F5]Mr. Tao is the control person of Pacific Star HSW LLC ("Pacific Star HSW"). As a result, Mr. Tao may be deemed to beneficially own the securities held by Pacific Star HSW. Mr. Tao disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
- [F6]Mr. Tao is the Chief Investment Officer and sole owner of Pacific Star Capital Management, LP ("Pacific Star Capital"). As a result, Mr. Tao may be deemed to beneficially own the securities held by Pacific Star Capital.
Documents
Issuer
Remark Media, Inc.
CIK 0001368365
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001368365
Filing Metadata
- Form type
- 4
- Filed
- Sep 24, 8:00 PM ET
- Accepted
- Sep 25, 7:21 PM ET
- Size
- 15.2 KB