4//SEC Filing
Global Employment Holdings, Inc. 4
Accession 0001005477-08-000066
CIK 0001348155operating
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 7:33 PM ET
Size
32.8 KB
Accession
0001005477-08-000066
Insider Transaction Report
Form 4
Gwirtsman Charles
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2007-12-28$0.99/sh+708,667$702,643→ 1,473,718 total(indirect: By LLC) - Disposition to Issuer
Common Stock Warrants (Right to Buy)
2007-12-28−708,667→ 0 total(indirect: By LLC)Exercise: $1.80From: 2007-09-30Exp: 2014-09-30→ Common Stock (708,667 underlying) - Exercise/Conversion
Common Stock
2007-12-28$1.64/sh+2,614$4,287→ 766,802 total(indirect: By LLC) - Award
Common Stock Warrants (Right to Buy)
2007-12-28+708,667→ 708,667 total(indirect: By LLC)Exercise: $0.99From: 2007-12-28Exp: 2007-12-29→ Common Stock (708,667 underlying) - Disposition to Issuer
Common Stock Warrants (Right to Buy)
2007-12-28−2,614→ 0 total(indirect: By LLC)Exercise: $4.40From: 2006-09-29Exp: 2011-03-30→ Common Stock (2,614 underlying) - Tax Payment
Common Stock
2007-12-28$2.45/sh−1,751$4,290→ 765,051 total(indirect: By LLC) - Tax Payment
Common Stock
2007-12-28$2.45/sh−286,793$702,643→ 1,186,925 total(indirect: By LLC) - Exercise/Conversion
Common Stock Warrants (Right to Buy)
2007-12-28−708,667→ 0 total(indirect: By LLC)Exercise: $0.99From: 2007-12-28Exp: 2007-12-29→ Common Stock (708,667 underlying) - Exercise/Conversion
Common Stock Warrants (Right to Buy)
2007-12-28−2,614→ 0 total(indirect: By LLC)Exercise: $1.64From: 2007-12-28Exp: 2007-12-29→ Common Stock (2,614 underlying) - Award
Common Stock Warrants (Right to Buy)
2007-12-28+2,614→ 2,614 total(indirect: By LLC)Exercise: $1.64From: 2007-12-28Exp: 2007-12-29→ Common Stock (2,614 underlying)
Holdings
- (indirect: By LLC)
Senior Secured Convertible Notes
Exercise: $4.40From: 2006-09-29Exp: 2011-03-30→ Common Stock (26,137 underlying) - 104,447(indirect: By KRG Capital Management, L.P.)
Common Stock
- 58,023(indirect: By LLC)
Common Stock
- 73,505
Common Stock
- 23,000
Options (Right to Buy)
Exercise: $3.00From: 2008-08-16Exp: 2017-08-15→ Common Stock (23,000 underlying) - 45,500
Options (Right to Buy)
Exercise: $3.00From: 2007-02-14Exp: 2017-02-13→ Common Stock (45,500 underlying) - 4,755(indirect: By Spouse)
Common Stock
Footnotes (11)
- [F1]Includes 68,500 shares of common stock underlying options to purchase common stock, whether or not presently exercisable.
- [F10]The conversion price of these convertible notes and the number of shares of the issuer's common stock issuable upon conversion of these convertible notes, each previously reported on Form 4 by the reporting person, automatically adjusted on September 30, 2007 pursuant to the terms of the convertible notes and remain subject to future automatic adjustment pursuant to the terms of the convertible notes.
- [F11]Pursuant to the terms of a Warrant Exercise and Cancellation Agreement dated December 26, 2007 between the issuer and the reporting person, the issuer for no consideration, repriced the warrants by lowering the exercise price, resulting in a deemed disposition of warrants to purchase 2,614 shares of common stock at an exercise price of $4.40 per share and a deemed acquisition of warrants to purchase 2,614 shares of common stock at an exercise price of $1.64 per share.
- [F2]Includes 3,754 shares held by reporting person's spouse and 1,001 shares held by reporting person's spouse, as custodian for minor children.
- [F3]Reporting person is a managing director of this entity.
- [F4]Includes 26,137 shares of common stock issuable upon conversion of convertible notes, whether or not presently convertible.
- [F5]Reporting person is the sole manager and a member of this entity.
- [F6]Acquired on this date by the reporting person, but first exercisable or convertible, as applicable, under its terms on March 31, 2006.
- [F7]Maturity date.
- [F8]Pursuant to the terms of a Warrant Exercise and Cancellation Agreement dated December 26, 2007 between the issuer and the reporting person, the issuer for no consideration, repriced the warrants by lowering the exercise price, resulting in a deemed disposition of warrants to purchase 708,667 shares of common stock at an exercise price of $1.80 per share and a deemed acquisition of warrants to purchase 708,667 shares of common stock at an exercise price of $0.9915 per share.
- [F9]Options vest in three equal annual installments, beginning on this date.
Documents
Issuer
Global Employment Holdings, Inc.
CIK 0001348155
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001348155
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 7:33 PM ET
- Size
- 32.8 KB