ATLANTIC INVESTORS LLC 4
4 · NAVISITE INC · Filed Dec 28, 2006
Insider Transaction Report
Form 4
NAVISITE INCNAVI
ATLANTIC INVESTORS LLC
10% Owner
Transactions
- Purchase
8% Promissory Note
2006-07-10$3754244.00/shExercise: $2.81From: 2006-07-10Exp: 2011-07-10→ Common Stock (1,336,030 underlying)
Footnotes (1)
- [F1]The 8% Promissory Note (the "Note") including principal and accrued interest on the Note became convertible on July 10, 2006 as a result of the nonpayment of the Note by such date. The amount of the derivative security reported herein represents the principal and accrued interest as of December 17, 2006. The number of underlying shares of Common Stock into which the Note may be converted will increase as interest accrues daily under the terms of the Note.