4//SEC Filing
J.R. Simplot Co 4
Accession 0000950170-24-003669
CIK 0001333822other
Filed
Jan 9, 7:00 PM ET
Accepted
Jan 10, 5:02 PM ET
Size
10.5 KB
Accession
0000950170-24-003669
Insider Transaction Report
Form 4
SemiLEDs CorpLEDS
J.R. Simplot Co
10% Owner
Transactions
- Conversion
Convertible Unsecured Promissory Note
2024-01-08→ 0 total(indirect: See Footnote)Exercise: $1.31From: 2019-11-25→ Common Stock (1,050,022 underlying) - Other
Common Stock
2024-01-08$1.31/sh+305,343$399,999→ 2,445,299 total(indirect: See Footnote) - Conversion
Common Stock
2024-01-08$1.31/sh+1,050,022$1,375,529→ 2,139,956 total(indirect: See Footnote)
Footnotes (5)
- [F1]On February 20, 2020, J.R. Simplot Company, a Nevada corporation (the "Reporting Person"), assigned a Convertible Unsecured Promissory Note initially issued to the Reporting Person by the Issuer in the original principal amount of $1,500,00 (the "Note") for no consideration to Simplot Taiwan Inc., an Idaho corporation ("ST"). The Note is convertible into Common Stock of the Issuer at any time at a conversion price of $1.31. On January 8, 2024 (the "Effective Date"), ST converted $1,375,529 of the Note, which amount represents $1,200,000 of principal and $175,529 of interest, into 1,050,022 shares of Common Stock of the Issuer.
- [F2]Consists of shares of Common Stock owned of record by ST, which is wholly owned by the Reporting Person. Accordingly, the Reporting Person may be deemed to have shared voting and investment power over such shares.
- [F3]On the Effective Date, ST received 305,343 shares of Common Stock of the Issuer as a payment of interest pursuant to a Loan Agreement between the Issuer and the Reporting Person dated January 8, 2019, as amended on January 16, 2021, January 14, 2022, January 13, 2023 and January 7, 2024 (the "Loan Agreement"), and assigned by the Reporting Person to ST, which is wholly owned by the Reporting Person. Accordingly, the Reporting Person may be deemed to have shared voting and investment power over such shares.
- [F4]Consists of the number of shares issued to ST on the Effective Date representing the payment of interest under the Loan Agreement described above.
- [F5]The Note has no expiration date. As a result of the transaction reported herein, all amounts due and payable under the Note have been satisfied in full.
Documents
Issuer
SemiLEDs Corp
CIK 0001333822
Entity typeother
IncorporatedNV
Related Parties
1- filerCIK 0001506777
Filing Metadata
- Form type
- 4
- Filed
- Jan 9, 7:00 PM ET
- Accepted
- Jan 10, 5:02 PM ET
- Size
- 10.5 KB