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LAURUS MASTER FUND LTD 4

Accession 0001005477-09-002521

CIK 0000770461other
View on SEC.govCompany Profile

Filed

May 31, 8:00 PM ET

Accepted

Jun 1, 9:47 PM ET

Size

111.8 KB

Accession

0001005477-09-002521

Insider Transaction Report

Form 4
Period: 2008-01-08
National Investment Managers Inc.NIVM
Valens U.S. SPV I, LLC
Other
Transactions
  • Other

    Common Stock, par value $0.001 per share

    2008-04-16$0.65/sh−900,858$585,558→ 0 total
  • Other

    Common Stock Options (right to buy)

    2008-06-20$0.55/sh−80,342$44,084→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (80,342 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.30/sh−779,100$230,068→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (779,100 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−238,798$169,547→ 900,858 total
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−111,021$13,345→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−267,691$51,397→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (267,691 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−111,021$56,210→ 74,223 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-28$0.12/sh−514,756$62,440→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (514,756 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−816,647$156,796→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (816,647 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−3,298,798$2,342,147→ 0 total
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh−110,021$66,398→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-07-31$0.46/sh−100,713$46,177→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (100,713 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−74,223$9,003→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-12-31$0.30/sh−550,023$165,007→ 2,501,033 total
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.52/sh−403,943$211,262→ 296,057 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (403,943 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-11-30$0.18/sh−193,938$34,424→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (193,938 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh+111,021$67,001→ 111,021 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−110,813$56,215→ 185,244 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (110,813 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-09-12$0.31/sh−74,223$22,816→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
Valens Capital Management, LLC
10% OwnerOther
Transactions
  • Other

    Common Stock Options (right to buy)

    2008-07-31$0.46/sh−100,713$46,177→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (100,713 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-09-12$0.31/sh−74,223$22,816→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-16$0.65/sh−900,858$585,558→ 0 total
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−3,298,798$2,342,147→ 0 total
  • Other

    Common Stock Options (right to buy)

    2008-06-20$0.55/sh−80,342$44,084→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (80,342 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−238,798$169,547→ 900,858 total
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−816,647$156,796→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (816,647 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-11-30$0.18/sh−193,938$34,424→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (193,938 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−267,691$51,397→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (267,691 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.30/sh−779,100$230,068→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (779,100 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−74,223$9,003→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−111,021$56,210→ 74,223 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−110,813$56,215→ 185,244 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (110,813 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh+111,021$67,001→ 111,021 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh−110,021$66,398→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-12-31$0.30/sh−550,023$165,007→ 2,501,033 total
  • Other

    Common Stock Warrants (right to buy)

    2008-11-28$0.12/sh−514,756$62,440→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (514,756 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.52/sh−403,943$211,262→ 296,057 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (403,943 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−111,021$13,345→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
Valens Offshore SPV I, Ltd.
Other
Transactions
  • Other

    Common Stock, par value $0.001 per share

    2008-04-16$0.65/sh−900,858$585,558→ 0 total
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−816,647$156,796→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (816,647 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh+111,021$67,001→ 111,021 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.30/sh−779,100$230,068→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (779,100 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-12-31$0.30/sh−550,023$165,007→ 2,501,033 total
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−238,798$169,547→ 900,858 total
  • Other

    Common Stock Options (right to buy)

    2008-07-31$0.46/sh−100,713$46,177→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (100,713 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh−110,021$66,398→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−110,813$56,215→ 185,244 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (110,813 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-28$0.12/sh−514,756$62,440→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (514,756 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−111,021$56,210→ 74,223 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−74,223$9,003→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−111,021$13,345→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−3,298,798$2,342,147→ 0 total
  • Other

    Common Stock Warrants (right to buy)

    2008-09-12$0.31/sh−74,223$22,816→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-06-20$0.55/sh−80,342$44,084→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (80,342 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-11-30$0.18/sh−193,938$34,424→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (193,938 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.52/sh−403,943$211,262→ 296,057 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (403,943 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−267,691$51,397→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (267,691 underlying)
Valens Offshore SPV II, Corp.
10% OwnerOther
Transactions
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−267,691$51,397→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (267,691 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh+111,021$67,001→ 111,021 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-12-31$0.30/sh−550,023$165,007→ 2,501,033 total
  • Other

    Common Stock Options (right to buy)

    2008-06-20$0.55/sh−80,342$44,084→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (80,342 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−238,798$169,547→ 900,858 total
  • Other

    Common Stock, par value $0.001 per share

    2008-04-16$0.65/sh−900,858$585,558→ 0 total
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh−110,021$66,398→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.30/sh−779,100$230,068→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (779,100 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-09-12$0.31/sh−74,223$22,816→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-07-31$0.46/sh−100,713$46,177→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (100,713 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-11-30$0.18/sh−193,938$34,424→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (193,938 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−111,021$13,345→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−816,647$156,796→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (816,647 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−3,298,798$2,342,147→ 0 total
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−111,021$56,210→ 74,223 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−74,223$9,003→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.52/sh−403,943$211,262→ 296,057 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (403,943 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−110,813$56,215→ 185,244 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (110,813 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-28$0.12/sh−514,756$62,440→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (514,756 underlying)
PSource Structured Debt Ltd
Other
Transactions
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh+111,021$67,001→ 111,021 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-12-31$0.30/sh−550,023$165,007→ 2,501,033 total
  • Other

    Common Stock Options (right to buy)

    2008-07-31$0.46/sh−100,713$46,177→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (100,713 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−3,298,798$2,342,147→ 0 total
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.30/sh−779,100$230,068→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (779,100 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−111,021$56,210→ 74,223 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−238,798$169,547→ 900,858 total
  • Other

    Common Stock Options (right to buy)

    2008-11-30$0.18/sh−193,938$34,424→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (193,938 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-16$0.65/sh−900,858$585,558→ 0 total
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−74,223$9,003→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.52/sh−403,943$211,262→ 296,057 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (403,943 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-06-20$0.55/sh−80,342$44,084→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (80,342 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−816,647$156,796→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (816,647 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh−110,021$66,398→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−111,021$13,345→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−110,813$56,215→ 185,244 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (110,813 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-09-12$0.31/sh−74,223$22,816→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−267,691$51,397→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (267,691 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-28$0.12/sh−514,756$62,440→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (514,756 underlying)
LAURUS MASTER FUND LTD
Other
Transactions
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh−110,021$66,398→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-12-31$0.30/sh−550,023$165,007→ 2,501,033 total
  • Other

    Common Stock Warrants (right to buy)

    2008-11-28$0.12/sh−514,756$62,440→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (514,756 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.30/sh−779,100$230,068→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (779,100 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-11-30$0.18/sh−193,938$34,424→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (193,938 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−267,691$51,397→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (267,691 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−3,298,798$2,342,147→ 0 total
  • Other

    Common Stock Options (right to buy)

    2008-06-20$0.55/sh−80,342$44,084→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (80,342 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-09-12$0.31/sh−74,223$22,816→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−111,021$13,345→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−74,223$9,003→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.52/sh−403,943$211,262→ 296,057 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (403,943 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−110,813$56,215→ 185,244 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (110,813 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh+111,021$67,001→ 111,021 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-16$0.65/sh−900,858$585,558→ 0 total
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−238,798$169,547→ 900,858 total
  • Other

    Common Stock Options (right to buy)

    2008-07-31$0.46/sh−100,713$46,177→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (100,713 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−111,021$56,210→ 74,223 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−816,647$156,796→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (816,647 underlying)
LAURUS CAPITAL MANAGEMENT LLC
Other
Transactions
  • Other

    Common Stock Options (right to buy)

    2008-07-31$0.46/sh−100,713$46,177→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (100,713 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−3,298,798$2,342,147→ 0 total
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.30/sh−779,100$230,068→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (779,100 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh+111,021$67,001→ 111,021 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-12-31$0.30/sh−550,023$165,007→ 2,501,033 total
  • Other

    Common Stock Options (right to buy)

    2008-11-30$0.18/sh−193,938$34,424→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (193,938 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.52/sh−403,943$211,262→ 296,057 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (403,943 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−111,021$13,345→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-16$0.65/sh−900,858$585,558→ 0 total
  • Other

    Common Stock Warrants (right to buy)

    2008-11-28$0.12/sh−514,756$62,440→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (514,756 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−110,813$56,215→ 185,244 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (110,813 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−111,021$56,210→ 74,223 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh−110,021$66,398→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−74,223$9,003→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−238,798$169,547→ 900,858 total
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−267,691$51,397→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (267,691 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−816,647$156,796→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (816,647 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-06-20$0.55/sh−80,342$44,084→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (80,342 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-09-12$0.31/sh−74,223$22,816→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
Erato CORP
Other
Transactions
  • Other

    Common Stock Options (right to buy)

    2008-06-20$0.55/sh−80,342$44,084→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (80,342 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−3,298,798$2,342,147→ 0 total
  • Other

    Common Stock, par value $0.001 per share

    2008-04-16$0.65/sh−900,858$585,558→ 0 total
  • Other

    Common Stock Options (right to buy)

    2008-07-31$0.46/sh−100,713$46,177→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (100,713 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh+111,021$67,001→ 111,021 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−238,798$169,547→ 900,858 total
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−267,691$51,397→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (267,691 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−816,647$156,796→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (816,647 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.52/sh−403,943$211,262→ 296,057 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (403,943 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.30/sh−779,100$230,068→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (779,100 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-12-31$0.30/sh−550,023$165,007→ 2,501,033 total
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−110,813$56,215→ 185,244 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (110,813 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−111,021$56,210→ 74,223 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh−110,021$66,398→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-09-12$0.31/sh−74,223$22,816→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-11-30$0.18/sh−193,938$34,424→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (193,938 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−111,021$13,345→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-28$0.12/sh−514,756$62,440→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (514,756 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−74,223$9,003→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
GRIN DAVID
10% OwnerOther
Transactions
  • Other

    Common Stock Warrants (right to buy)

    2008-11-28$0.12/sh−514,756$62,440→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (514,756 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−110,813$56,215→ 185,244 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (110,813 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−238,798$169,547→ 900,858 total
  • Other

    Common Stock Options (right to buy)

    2008-06-20$0.55/sh−80,342$44,084→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (80,342 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-11-30$0.18/sh−193,938$34,424→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (193,938 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-09-12$0.31/sh−74,223$22,816→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-12-31$0.30/sh−550,023$165,007→ 2,501,033 total
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.30/sh−779,100$230,068→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (779,100 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−816,647$156,796→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (816,647 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-16$0.65/sh−900,858$585,558→ 0 total
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−3,298,798$2,342,147→ 0 total
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.52/sh−403,943$211,262→ 296,057 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (403,943 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh+111,021$67,001→ 111,021 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−111,021$13,345→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-07-31$0.46/sh−100,713$46,177→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (100,713 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−267,691$51,397→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (267,691 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−111,021$56,210→ 74,223 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh−110,021$66,398→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−74,223$9,003→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
GRIN EUGENE
10% OwnerOther
Transactions
  • Other

    Common Stock, par value $0.001 per share

    2008-04-16$0.65/sh−900,858$585,558→ 0 total
  • Other

    Common Stock, par value $0.001 per share

    2008-12-31$0.30/sh−550,023$165,007→ 2,501,033 total
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−267,691$51,397→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (267,691 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-07-31$0.46/sh−100,713$46,177→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (100,713 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−238,798$169,547→ 900,858 total
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−110,813$56,215→ 185,244 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (110,813 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.30/sh−779,100$230,068→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (779,100 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-28$0.12/sh−514,756$62,440→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (514,756 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2008-04-01$0.71/sh−3,298,798$2,342,147→ 0 total
  • Other

    Common Stock Warrants (right to buy)

    2008-02-11$0.51/sh−111,021$56,210→ 74,223 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−74,223$9,003→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-06-20$0.55/sh−80,342$44,084→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (80,342 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-01-08$0.52/sh−403,943$211,262→ 296,057 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (403,943 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh+111,021$67,001→ 111,021 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Options (right to buy)

    2008-11-30$0.18/sh−193,938$34,424→ 0 total
    Exercise: $0.01From: 2005-03-07Exp: 2013-03-07→ Common Stock, par value $0.001 per share (193,938 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-02-28$0.19/sh−816,647$156,796→ 0 total
    Exercise: $0.50From: 2005-03-07Exp: 2012-03-07→ Common Stock, par value $0.001 per share (816,647 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-08-01$0.60/sh−110,021$66,398→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-09-12$0.31/sh−74,223$22,816→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (74,223 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2008-11-30$0.12/sh−111,021$13,345→ 0 total
    Exercise: $0.17From: 2006-05-30Exp: 2011-05-30→ Common Stock, par value $0.001 per share (111,021 underlying)
Footnotes (17)
  • [F1]On April 1, 2008, (a) Erato Corporation, a Delaware corporation ("Erato"), sold 238,798 shares of common stock, par value $0.001 per share ("Common Stock"), of National Investment Managers Inc., a Delaware corporation (the "Company"), to Valens Offshore SPV I, Ltd., a Cayman Islands limited company ("Valens SPV I"), which resulted in Erato holding a total of 900,858 shares of Common Stock and Valens SPV I holding a total of 3,298,798 shares of Common Stock after completion of such transaction; (b) Valens SPV I sold 3,298,798 shares of Common Stock to Valens Offshore SPV II, Corp., a Delaware corporation ("Valens SPV II"), which resulted in Valens SPV I holding no shares of Common Stock and Valens SPV II holding a total of 3,425,227 shares of Common Stock; and (c) Valens U.S. SPV I, LLC, a Delaware limited liability company ("Valens U.S."), continued to hold a total of 3,051,056 shares of Common Stock.
  • [F10]On February 11, 2008, (a) Erato sold 2006 Warrants to purchase 110,813 shares of Common Stock to Valens U.S., which resulted in Erato holding 2006 Warrants to purchase a total of 185,244 shares of Common Stock and Valens U.S. holding 2006 Warrants to purchase a total of 514,756 shares of Common Stock; and (b) Erato sold 2006 Warrants to purchase 111,021 shares of Common Stock to Valens SPV I, which resulted in Erato holding 2006 Warrants to purchase a total of 74,223 shares of Common Stock and Valens SPV I holding 2006 Warrants to purchase a total of 111,021 shares of Common Stock.
  • [F11]On August 1, 2008, Valens SPV I sold 2006 Warrants to purchase 111,021 shares of Common Stock to Valens SPV II, which resulted in Valens SPV I holding no 2006 Warrants and Valens SPV II holding 2006 Warrants to purchase a total of 111,021 shares of Common Stock.
  • [F12]On September 12, 2008, Erato sold 2006 Warrants to purchase 74,223 shares of Common Stock to Valens SPV I, which resulted in Erato holding no 2006 Warrants and Valens SPV I holding 2006 Warrants to purchase a total of 74,223 shares of Common Stock.
  • [F13]On November 28, 2008, Valens U.S. sold 2006 Warrants to purchase 514,756 shares of Common Stock to PSource, which resulted in Valens U.S. holding no 2006 Warrants and PSource holding 2006 Warrants to purchase a total of 514,756 shares of Common Stock.
  • [F14]On November 30, 2008, (a) Valens SPV II sold 2006 Warrants to purchase 111,021 shares of Common Stock to PSource, which resulted in Valens SPV I holding no 2006 Warrants and PSource holding 2006 Warrants to purchase a total of 625,777 shares of Common Stock; and (b) Valens SPV I sold 2006 Warrants to purchase 74,223 shares of Common Stock to PSource, which resulted in Valens SPV I holding no 2006 Warrants and PSource holding 2006 Warrants to purchase a total of 700,000 shares of Common Stock.
  • [F15]Erato is a wholly owned subsidiary of Laurus Master Fund, Ltd. (in Liquidation) (the "Fund"). The Fund and PSource are each managed by Laurus Capital Management, LLC, a Delaware limited liability company ("LCM"). Valens SPV II is a wholly owned subsidiary of Valens SPV I. Valens U.S., Valens SPV I and Valens SPV II are each managed by Valens Capital Management, LLC ("VCM"). Eugene Grin and David Grin (collectively with the Fund, LCM, VCM and the Investors, the "Filing Parties"), through other entities, are the controlling principals of LCM and VCM and share sole voting and investment power over all securities of the Company held by the Investors, with the exception of Erato. (Continued in Footnotes 16 and 17)
  • [F16]Thus, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Filing Parties may be deemed to beneficially own more than 10% of the shares of Common Stock of the Company deemed issued and outstanding as of the dates of the transactions reported on this statement. Each of the Filing Parties is part of a "Disclaimed Group" that files beneficial ownership reports under Section 16 of the Exchange Act with respect to securities of the Company. All of the transactions reported in this statement have been effected among members of the Reporting Group, and, as such, none of the transactions described herein has affected the total beneficial ownership of the Company's securities held by the Reporting Group.
  • [F17]Each of PSource, Erato and the Fund disclaims beneficial ownership of the securities of the Company held by Valens U.S., Valens SPV I and Valens SPV II, except to the extent of such person's pecuniary interest, if any, in Valens U.S., Valens SPV I or Valens SPV II. Each of Valens U.S., Valens SPV I and Valens SPV II disclaims beneficial ownership of the securities of the Company held by Erato and PSource, except to the extent of such person's pecuniary interest, if any, in Erato or PSource. Each of LCM, VCM, Eugene Grin and David Grin disclaims beneficial ownership of the securities of the Company held by the Investors, except to the extent of such person's pecuniary interest, if any, in the Investors. The filing of this statement shall not be deemed an admission that any person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities covered by or described in this statement.
  • [F2]On April 16, 2008, (a) Erato sold 900,858 shares of Common Stock to Valens SPV I, which resulted in Erato holding no shares of Common Stock and Valens SPV I holding a total of 900,858 shares of Common Stock; (b) Valens SPV I sold 900,858 shares of Common Stock to Valens SPV II, which resulted in Valens SPV I holding no shares of Common Stock and Valens SPV II holding a total of 4,326,085 shares of Common Stock; and (c) Valens U.S. continued to hold a total of 3,051,056 shares of Common Stock.
  • [F3]On December 31, 2008, (a) Valens U.S. sold 550,023 shares of Common Stock to Valens SPV I, which resulted in Valens U.S. holding a total of 2,501,033 shares of Common Stock and Valens SPV I holding a total of 550,023 shares of Common Stock; and (b) Valens SPV II continued to hold a total of 4,326,085 shares of Common Stock.
  • [F4]On June 20, 2008, Erato sold options issued by the Company in March 2005 having an exercise price of $0.01 per share ("Options") to purchase 80,342 shares of Common Stock to PSource Structured Debt Limited, a closed-ended investment company incorporated in Guernsey ("PSource" and, collectively with Erato, Valens U.S., Valens SPV I and Valens SPV II, the "Investors"), which resulted in Erato holding no Options and PSource holding Options to purchase 80,342 shares of Common Stock.
  • [F5]On July 31, 2008, Valens U.S. sold Options to purchase 100,713 shares of Common Stock to PSource, which resulted in Valens U.S. holding no Options and PSource holding Options to purchase a total of 181,055 shares of Common Stock.
  • [F6]On November 30, 2008, Valens SPV II sold Options to purchase 193,938 shares of Common Stock to PSource, which resulted in Valens U.S. holding no Options and PSource holding Options to purchase a total of 374,993 shares of Common Stock.
  • [F7]On January 1, 2008, Erato sold warrants issued by the Company in March 2005 having an exercise price of $0.50 per share ("2005 Warrants") to purchase 779,100 shares of Common Stock to Valens U.S., which resulted in Erato holding no 2005 Warrants and Valens U.S. holding 2005 Warrants to purchase a total of 816,647 shares of Common Stock.
  • [F8]On February 28, 2008, (a) Valens SPV II sold 2005 Warrants to purchase 267,691 shares of Common Stock to PSource, which resulted in Valens SPV II holding no 2005 Warrants and PSource holding 2005 Warrants to purchase a total of 267,691 shares of Common Stock; and (b) Valens U.S. sold 2005 Warrants to purchase a total of 816,647 shares of Common Stock to PSource, which resulted in Valens U.S. holding no 2005 Warrants and PSource holding 2005 Warrants to purchase a total of 1,084,338 shares of Common Stock.
  • [F9]On January 8, 2008, Erato sold warrants issued by the Company in May 2006 having an exercise price of $0.1667 per share ("2006 Warrants") to purchase 403,943 shares of Common Stock to Valens U.S., which resulted in Erato holding 2006 Warrants to purchase a total of 296,057 shares of Common Stock and Valens U.S. holding 2006 Warrants to purchase a total of 403,943 shares of Common Stock.

Documents

1 file

Issuer

National Investment Managers Inc.

CIK 0000770461

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Entity typeother
IncorporatedCayman Islands

Related Parties

1
  • filerCIK 0001189294

Filing Metadata

Form type
4
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 9:47 PM ET
Size
111.8 KB
View on SEC.gov