4//SEC Filing
AMSALEM MICHEL A 4
Accession 0000950127-07-000663
CIK 0001122860other
Filed
Oct 15, 8:00 PM ET
Accepted
Oct 16, 8:50 PM ET
Size
10.7 KB
Accession
0000950127-07-000663
Insider Transaction Report
Form 4
AMSALEM MICHEL A
Director
Transactions
- Award
Common Stock
2007-10-10$0.08/sh+1,157,407$92,593→ 1,157,407 total(indirect: By Midsummer Investment Ltd.)
Holdings
- 11,250,000(indirect: By Midsummer Investment Ltd.)
Convertible Debentures (right to buy)
Exercise: $0.40From: 2005-12-07Exp: 2009-12-07→ Common Stock (11,250,000 underlying) - 502,677(indirect: By Midsummer Investment Ltd.)
Common Stock
- 7,798,059(indirect: By Midsummer Investment Ltd.)
Warrants (right to buy)
Exercise: $0.43From: 2005-12-07Exp: 2010-12-07→ Common Stock (7,798,059 underlying)
Footnotes (5)
- [F1]$4,500,000 of 8% Convertible Debentures.
- [F2]Subject to anti-dilution adjustments.
- [F3]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares of purposes of Section 16 or for any other purpose.
- [F4]The conversion of the debentures and exercise of the warrants by Midsummer Investment Ltd. is contractually capped such that such conversion or exercise, as applicable, shall not cause Midsummer's beneficial ownership to exceed 4.99%, unless waived by Midsummer, and in no event to exceed 9.99% (without giving effect to shares of common stock underlying any unconverted portion of the debenture or unexercised portion of the warrant).
- [F5]Mr. Amsalem is a member of Midsummer Capital, LLC, which serves as investment advisor to Midsummer Investment Ltd. and may be deemed to have an indirect pecuniary interest in the securities, but disclaims such pecuniary interest.
Documents
Issuer
Electronic Sensor Technology, Inc
CIK 0001122860
Entity typeother
Related Parties
1- filerCIK 0001312197
Filing Metadata
- Form type
- 4
- Filed
- Oct 15, 8:00 PM ET
- Accepted
- Oct 16, 8:50 PM ET
- Size
- 10.7 KB