AMERICAN INDUSTRIAL PARTNERS CAPITAL FUND III LP 4

Accession 0001005477-04-003564

CIK 0000854860other

Filed

Oct 3, 8:00 PM ET

Accepted

Oct 4, 8:24 AM ET

Size

20.7 KB

Accession

0001005477-04-003564

Form 4

Period: 2004-09-30

10% Owner

Transactions

Purchase
Common Stock
2004-09-30+6,765,045→ 6,765,045 total(indirect: Through American Industrial Partners Capital Fund III, L.P.)
Disposition to Issuer
Series B Preferred Stock, 15% Redeemable Convertible Series
2004-09-30$265.00/sh−98,114$26,000,210→ 0 total(indirect: Through American Industrial Partners Capital Industrial III, L.P.)
Exercise: $265.00→ Common Stock
Exercise/Conversion
Series B Preferred Stock
2004-09-30−31,866→ 0 total(indirect: Through American Industrial Partners Capital Industrial III, L.P.)
→ Common Stock (6,675,045 underlying)
Sale
Call Option (obligation to sell)
2004-09-30−1→ 0 total(indirect: Through American Industrial Partners Capital Industrial III, L.P.)
Exercise: $2.00From: 2007-10-31Exp: 2007-10-31→ Common Stock (7,000,000 underlying)
Purchase
Put Option (right to sell)
2004-09-30+1→ 1 total(indirect: Through American Industrial Partners Capital Fund III, L.P.)
Exercise: $1.00From: 2006-09-30Exp: 2007-09-30→ Common Stock (7,000,000 underlying)

10% Owner

Transactions

Purchase
Common Stock
2004-09-30+6,765,045→ 6,765,045 total(indirect: Through American Industrial Partners Capital Fund III, L.P.)
Disposition to Issuer
Series B Preferred Stock, 15% Redeemable Convertible Series
2004-09-30$265.00/sh−98,114$26,000,210→ 0 total(indirect: Through American Industrial Partners Capital Industrial III, L.P.)
Exercise: $265.00→ Common Stock
Purchase
Put Option (right to sell)
2004-09-30+1→ 1 total(indirect: Through American Industrial Partners Capital Fund III, L.P.)
Exercise: $1.00From: 2006-09-30Exp: 2007-09-30→ Common Stock (7,000,000 underlying)
Exercise/Conversion
Series B Preferred Stock
2004-09-30−31,866→ 0 total(indirect: Through American Industrial Partners Capital Industrial III, L.P.)
→ Common Stock (6,675,045 underlying)
Sale
Call Option (obligation to sell)
2004-09-30−1→ 0 total(indirect: Through American Industrial Partners Capital Industrial III, L.P.)
Exercise: $2.00From: 2007-10-31Exp: 2007-10-31→ Common Stock (7,000,000 underlying)

10% Owner

Transactions

Disposition to Issuer
Series B Preferred Stock, 15% Redeemable Convertible Series
2004-09-30$265.00/sh−98,114$26,000,210→ 0 total(indirect: Through American Industrial Partners Capital Industrial III, L.P.)
Exercise: $265.00→ Common Stock
Exercise/Conversion
Series B Preferred Stock
2004-09-30−31,866→ 0 total(indirect: Through American Industrial Partners Capital Industrial III, L.P.)
→ Common Stock (6,675,045 underlying)
Purchase
Common Stock
2004-09-30+6,765,045→ 6,765,045 total(indirect: Through American Industrial Partners Capital Fund III, L.P.)
Purchase
Put Option (right to sell)
2004-09-30+1→ 1 total(indirect: Through American Industrial Partners Capital Fund III, L.P.)
Exercise: $1.00From: 2006-09-30Exp: 2007-09-30→ Common Stock (7,000,000 underlying)
Sale
Call Option (obligation to sell)
2004-09-30−1→ 0 total(indirect: Through American Industrial Partners Capital Industrial III, L.P.)
Exercise: $2.00From: 2007-10-31Exp: 2007-10-31→ Common Stock (7,000,000 underlying)

10% Owner

Transactions

Purchase
Common Stock
2004-09-30+6,765,045→ 6,765,045 total(indirect: Through American Industrial Partners Capital Fund III, L.P.)
Disposition to Issuer
Series B Preferred Stock, 15% Redeemable Convertible Series
2004-09-30$265.00/sh−98,114$26,000,210→ 0 total(indirect: Through American Industrial Partners Capital Industrial III, L.P.)
Exercise: $265.00→ Common Stock
Sale
Call Option (obligation to sell)
2004-09-30−1→ 0 total(indirect: Through American Industrial Partners Capital Industrial III, L.P.)
Exercise: $2.00From: 2007-10-31Exp: 2007-10-31→ Common Stock (7,000,000 underlying)
Exercise/Conversion
Series B Preferred Stock
2004-09-30−31,866→ 0 total(indirect: Through American Industrial Partners Capital Industrial III, L.P.)
→ Common Stock (6,675,045 underlying)
Purchase
Put Option (right to sell)
2004-09-30+1→ 1 total(indirect: Through American Industrial Partners Capital Fund III, L.P.)
Exercise: $1.00From: 2006-09-30Exp: 2007-09-30→ Common Stock (7,000,000 underlying)

Footnotes (7)

[F1]These shares are owned of record by American Industrial Partners Capital Fund III, L.P., a Delaware limited partnership (AIPCF III), of which American Industrial Partners III, L.P., a Delaware limited partnership (AIP III) is the general partner. American Industrial Partners III Corporation (AIP III Corp.), a Delaware corporation, is the general partner of AIP III. W.Richard Bingham controls AIP III Corp. Each of Mr. Bingham, AIP III and AIP III Corp. disclaims beneficial ownership of such shares, except to the extent of any pecuniary interest therein.
[F2]The reporting persons converted 31,886 shares of Series B Preferred Stock, 15% Redeemable Convertible Series, at the conversion ratio of 212.1635 shares of common stock per share of Series B Preferred Stock, resulting in the acquisition of 6,675,045 shares of Common Stock.
[F3]Immediate.
[F4]Not applicable.
[F5]The issuer redeemed 98,114 shares of Series B Preferred Stock at a price per share of $265.
[F6]Exhanged for Put Option (right to sell).
[F7]Exchanged for Call Option (obligation to sell)

Documents

1 file

WILLIAMS CONTROLS INC

CIK 0000854860

Entity typeother

IncorporatedDE