4//SEC Filing
SAFLINK CORP 4
Accession 0000922423-05-001059
CIK 0000847555operating
Filed
Jun 26, 8:00 PM ET
Accepted
Jun 27, 3:47 PM ET
Size
19.0 KB
Accession
0000922423-05-001059
Insider Transaction Report
Form 4
SAFLINK CORPSFLK
NORTH SOUND CAPITAL LLC
10% Owner
Transactions
- Other
Equity Swap on Common Stock
2005-06-23+1→ 1 total(indirect: By Funds)Exercise: $1.63From: 2006-06-23Exp: 2006-06-23→ Common Stock (460,000 underlying) - Other
Equity Swap on Warrant and Common Stock Underlying Warrant
2003-11-24+1→ 1 total(indirect: By Funds)Exercise: $1.90→ Warrant and Common Stock Underlying Warrant (362,250 underlying) - Other
Equity Swap on Common Stock
2002-06-18+1→ 1 total(indirect: By Funds)Exercise: $1.61→ Common Stock (600,000 underlying) - Other
Equity Swap on Common Stock
2003-11-24+1→ 1 total(indirect: By Funds)Exercise: $3.36→ Common Stock (603,750 underlying)
Footnotes (6)
- [F1]On November 24, 2003, North Sound Legacy International Ltd., North Sound Legacy Institutional Fund LLC and North Sound Legacy Fund LLC entered into an equity basket swap agreement with a bank under which the bank purchased a total of 603,750 shares of Common Stock at $3.36 per share and purchased a warrant at $1.897 per share (the "Warrant") exercisable into 362,250 shares of Common Stock at an exercise price of $3.60 per share. Effective as of April 30, 2005, North Sound Legacy Fund LLC transferred all of its assets and liabilities to North Sound Legacy Institutional Fund LLC.
- [F2]December 13, 2005 or such later date as may be mutually agreed upon by the parties.
- [F3]The Funds, but not the Reporting Person, have pecuniary interests in the equity swaps. Neither the Reporting Person or the Funds have beneficial ownership in the securities underlying the equity swaps.
- [F4]The Warrant was exercised in full by the bank on August 6, 2004 at an exercise price of $2.50 per share.
- [F5]On June 18, 2002, North Sound Legacy International Ltd., North Sound Legacy Institutional Fund LLC and North Sound Legacy Fund LLC entered into equity basket swap agreements with each of two banks under which, one bank purchased a total of 600,000 shares of Common Stock at $1.61 per share and the other bank purchased a total of 460,000 shares of Common Stock at $1.63 per share. Effective as of April 30, 2005, North Sound Legacy Fund LLC transferred all of its assets and liabilities to North Sound Legacy Institutional Fund LLC. Effective as of June 23, 2005, the equity swap agreement relating to the 460,000 shares of Common Stock was terminated and a new equity swap agreement was entered into with the same bank on substantially similar terms for the same number of shares.
- [F6]September 23, 2005 or such later date as may be mutually agreed upon by the parties.
Documents
Issuer
SAFLINK CORP
CIK 0000847555
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000847555
Filing Metadata
- Form type
- 4
- Filed
- Jun 26, 8:00 PM ET
- Accepted
- Jun 27, 3:47 PM ET
- Size
- 19.0 KB