KELLNER PETER 4
4 · CRITICAL PATH INC · Filed Dec 12, 2006
Insider Transaction Report
Form 4
KELLNER PETER
10% Owner
Transactions
- Purchase
Series F Warrants
2004-12-29+21,428→ 214,280 total(indirect: By LLC)Exercise: $14.00From: 2004-12-30Exp: 2008-07-09→ Series F Redeemable Convertible Stock (21,428 underlying)
Footnotes (3)
- [F1]Every one share of Series F Redeemable Convertible Preferred Stock ("Preferred Stock") is initially convertible into ten shares of Common Stock of the issuer. The conversion ratio of the Preferred Stock is equal to the product of (i) the number of shares of Preferred Stock being so converted multiplied by (ii) the quotient of (x) the Series F Accreted Value divided by (y) $1.40, subject to anti-dilution adjustments. Series F Accreted Value means, with respect to each share of Preferred Stock, the sum of $14.00 plus all dividends that have accrued and compounded semi-annually with respect thereto.
- [F2]Not applicable.
- [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 Series E Convertible Preferred Stock of the issuer and warrants to acquire 214,280 shares of Preferred Stock.