4//SEC Filing
Simplot Taiwan Inc. 4
Accession 0000950170-24-003670
CIK 0001333822other
Filed
Jan 9, 7:00 PM ET
Accepted
Jan 10, 5:03 PM ET
Size
9.5 KB
Accession
0000950170-24-003670
Insider Transaction Report
Form 4
SemiLEDs CorpLEDS
Simplot Taiwan Inc.
10% Owner
Transactions
- Conversion
Convertible Unsecured Promissory Note
2024-01-08→ 0 totalExercise: $1.31From: 2019-11-25→ Common Stock (1,050,022 underlying) - Conversion
Common Stock
2024-01-08$1.31/sh+1,050,022$1,375,529→ 2,139,956 total - Other
Common Stock
2024-01-08$1.31/sh+305,343$399,999→ 2,445,299 total
Footnotes (3)
- [F1]These shares were issued pursuant to the conversion of a Convertible Unsecured Promissory Note assigned to Simplot Taiwan Inc., an Idaho corporation (the "Reporting Person"), on February 20, 2020 by its sole owner, J.R. Simplot Company, a Nevada corporation ("JRS"), in the original principal amount of $1,500,00 (the "Note") for no consideration. 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"), the Reporting Person converted an aggregate amount of $1,375,529 under 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]On the Effective Date, the Reporting Person received 305,343 shares of Common Stock of the Issuer as a payment of interest pursuant to a Loan Agreement between the Issuer and JRS dated January 8, 2019, as amended on January 16, 2021, January 14, 2022, January 13, 2023 and January 7, 2024, and assigned by JRS to the Reporting Person.
- [F3]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
IncorporatedID
Related Parties
1- filerCIK 0001506779
Filing Metadata
- Form type
- 4
- Filed
- Jan 9, 7:00 PM ET
- Accepted
- Jan 10, 5:03 PM ET
- Size
- 9.5 KB