QUANTUM INDUSTRIAL PARTNERS LDC ET AL 4
4 · BLUEFLY INC · Filed Jul 24, 2008
Insider Transaction Report
Form 4
BLUEFLY INCBFLY
Transactions
- Purchase
Convertible Promissory Note
2008-07-23Exercise: $3.65From: 2008-07-23Exp: 2011-07-23→ Common Stock (495,748 underlying)
Footnotes (3)
- [F1]These securities are convertible at the option of the Reporting Person (i) into that number of shares of common stock, $0.01 par value per share, of the issuer equal to the principal amount of the note divided by $3.65, or (ii) into that number of equity securities of the issuer sold in a future financing ("Subsequent Securities") equal to the principal amount of the note divided by the lowest price paid by any purchaser of the Subsequent Securities (the "Subsequent Conversion Price").
- [F2]These securities are convertible at the option of the Reporting Person (i) into 495,748 shares of common stock, $0.01 par value per share, of the issuer, or (ii) into that number of Subsequent Securities equal to the principal amount of the note divided by the Subsequent Conversion Price.
- [F3]These securities are held for the account of Quantum Industrial Partners LDC, an exempted limited duration company formed under the laws of the Cayman Islands ("QIP"). QIH Management Investor, L.P., an investment advisory firm organized as a Delaware limited partnership ("QIHMI"), is a minority shareholder of, and is vested with investment discretion with respect to portfolio assets held for the account of QIP. The sole general partner of QIHMI is QIH Management LLC, a Delaware limited liability company ("QIH Management"). Soros Fund Management LLC, a Delaware limited liability company, is the sole managing member of QIH Management.