4//SEC Filing
Global Employment Holdings, Inc. 4
Accession 0001005477-08-000070
CIK 0001348155operating
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 7:37 PM ET
Size
18.5 KB
Accession
0001005477-08-000070
Insider Transaction Report
Form 4
Altman Luci Staller
Director
Transactions
- Tax Payment
Common Stock
2007-12-28$2.45/sh−884$2,166→ 50,117 total - Exercise/Conversion
Common Stock
2007-12-28$1.64/sh+1,319$2,163→ 51,001 total - Disposition to Issuer
Common Stock Warrants (Right to Buy)
2007-12-28−1,319→ 0 totalExercise: $4.40From: 2007-09-29Exp: 2011-03-31→ Common Stock (1,319 underlying) - Exercise/Conversion
Common Stock Warrants (Right to Buy)
2007-12-28−1,319→ 0 totalExercise: $1.64From: 2007-12-28Exp: 2007-12-29→ Common Stock (1,319 underlying) - Award
Common Stock Warrants (Right to Buy)
2007-12-28+1,319→ 1,319 totalExercise: $1.64From: 2007-12-28Exp: 2007-12-29→ Common Stock (1,319 underlying)
Holdings
- 12,000
Option (Right to Buy)
Exercise: $3.00From: 2008-08-16Exp: 2017-08-15→ Common Stock (12,000 underlying) Senior Secured Convertible Notes
Exercise: $4.40From: 2006-09-29Exp: 2011-03-31→ Common Stock (13,182 underlying)- 24,500
Option (Right to Buy)
Exercise: $3.00From: 2007-02-14Exp: 2017-02-13→ Common Stock (24,500 underlying)
Footnotes (7)
- [F1]Includes: 13,182 shares of common stock issuable upon conversion of convertible notes, whether or not presently convertible, and 36,500 shares of common stock underlying options to purchase common stock, whether or not presently exercisable.
- [F2]Acquired on this date by the reporting person, but first exercisable or convertible, as applicable, under its terms on March 31, 2006.
- [F3]Maturity date.
- [F4]Option vests in three equal annual installments, beginning on this date.
- [F5]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.
- [F6]The exercise price and the number of these warrants and the number of shares of the issuer's common stock issuable upon exercise of these warrants, each previously reported on Form 4 by the reporting person, automatically adjusted on September 30, 2007 pursuant to the terms of the warrants.
- [F7]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 1,319 shares of common stock at an exercise price of $4.40 per share and a deemed acquisition of warrants to purchase 1,319 shares of common stock at an exercise price of $1.64 per share.
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, 7:37 PM ET
- Size
- 18.5 KB