4//SEC Filing
KELLNER PETER 4
Accession 0001005477-06-005875
CIK 0001060801other
Filed
Dec 11, 7:00 PM ET
Accepted
Dec 12, 4:16 PM ET
Size
7.2 KB
Accession
0001005477-06-005875
Insider Transaction Report
Form 4
KELLNER PETER
10% Owner
Transactions
- Purchase
Series E Preferred Stock
2004-08-11$1.50/sh+551,800$827,700→ 1,666,666 total(indirect: By LLC)Exercise: $1.50From: 2004-08-11Exp: 2008-07-09→ Common Stock (551,800 underlying)
Footnotes (3)
- [F1]The shares of E Convertible Preferred Stock ("Preferred Stock") are convertible into the number shares of Common Stock of the issuer equal to the product of the number of shares of Preferred Stock being converted multiplied by the quotient of (i) the Series E Accreted Value divided by (ii) $1.50 (subject to anti-dilution adjustments). Series E Accreted Value means, with respect to each share of Preferred Stock, the sum of $1.50 plus all dividends that have accrued and compounded semi-annually.
- [F2]There is no expiration date by which Preferred Stock must convert into Common Stock. If at any date after July 9, 2007 the average closing price per share of Common Stock for any 60 consecutive trading days is not less than 400% of the Series E Accreted Value, then the issuer has the option to redeem within 30 days all outstanding Preferred Stock for cash at a price per share equal to the Series E Accreted Value plus all dividends accrued since the previous semi-annual compounding date. On July 9, 2008, all Preferred Stock must automatically be redeemed for cash at a price per share equal to the Series E Accreted Value plus all dividends accrued since the previous semi-annual compounding date.
- [F3]This Form 4 is filed by Peter Kellner (the "Reporting Person"). The Reporting Person has voting and dispositive power over the shares owned by Richmond III, LLC. Richmond III, LLC holds 1,666,666 shares of Preferred Stock.
Documents
Issuer
CRITICAL PATH INC
CIK 0001060801
Entity typeother
Related Parties
1- filerCIK 0001257668
Filing Metadata
- Form type
- 4
- Filed
- Dec 11, 7:00 PM ET
- Accepted
- Dec 12, 4:16 PM ET
- Size
- 7.2 KB