Remark Media, Inc. 4
4 · Remark Media, Inc. · Filed Sep 25, 2015
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.