ARADIGM CORP 4
4 · ARADIGM CORP · Filed Apr 4, 2017
Insider Transaction Report
Form 4
ARADIGM CORPARDM
Grifols SA
Director10% Owner
Transactions
- Purchase
9% Senior Convertible Notes due 2021
2016-04-21$19950000.00/sh(indirect: See footnote)→ Common Stock (3,829,175 underlying)
Footnotes (2)
- [F1]The Senior Convertible Notes are exercisable by the holder at any time prior to the close of business on the second business day immediately preceding May 1, 2021 (the maturity date for the Senior Convertible Notes). The conversion rate of the Senior Convertible Notes is 191.9386 shares of common stock for each $1,000 principal amount of Senior Convertible Notes, subject to adjustment, which represents a conversion price of approximately $5.21 per share of common stock.
- [F2]The Senior Convertible Notes are held by Grifols Worldwide Operations Limited, a wholly-owned subsidiary of the Reporting Person. The Reporting Person disclaims beneficial ownership of the Senior Convertible Notes except to the extent of its pecuniary interest.