KILEY THOMAS 4
4 · Ceres, Inc. · Filed Feb 28, 2012
Insider Transaction Report
Form 4
Ceres, Inc.CERE
KILEY THOMAS
Director
Transactions
- Conversion
Common Stock
2012-02-27+9,615→ 14,743 total(indirect: See footnote) - Conversion
Convertible Subordinated Promissory Note
2012-02-27→ 0 total(indirect: See footnote)Exercise: $10.40→ Common Stock (9,615 underlying) - Conversion
Common Stock
2012-02-27+5,128→ 5,128 total(indirect: See footnote) - Conversion
Series G Convertible Preferred Stock
2012-02-27−15,385→ 0 total(indirect: See footnote)→ Common Stock (5,128 underlying)
Footnotes (3)
- [F1]Each share of each series of preferred stock was convertible at any time on a 1-for-0.3333 basis into Common Stock, at the holder's election, and each share of each series of preferred stock automatically converted upon the closing of the Issuer's initial public offering. The shares of each series of preferred stock have no expiration date.
- [F2]By The Kiley Revocable Trust.
- [F3]The Convertible Subordinated Promissory Note (the "Convertible Note") was purchased by the reporting person in connection with an August 2011 financing. The Convertible Note automatically converted into shares of Common Stock upon the closing of the Issuer's initial public offering at a price per share equal to the public offering price with a 20% discount. Since the public offering price was $13.00, the price per share is $10.40.