4//SEC Filing
ASPEN ADVISORS LLC 4
Accession 0001019056-04-001220
CIK 0001010286other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 3:15 PM ET
Size
9.9 KB
Accession
0001019056-04-001220
Insider Transaction Report
Form 4
FIRST AVENUE NETWORKS INCFRNS.OB
ASPEN ADVISORS LLC
10% Owner
Transactions
- Purchase
Common Stock, par value $.001 per share
2004-09-30$4.40/sh+50,000$220,000→ 3,787,118 total(indirect: See Notes 3 and 4.) - Purchase
Common Stock, par value $.001 per share
2004-09-30$4.69/sh+35,400$165,941→ 3,737,118 total(indirect: By Partnership)
Footnotes (4)
- [F1]The Common Stock purchases reported herein were made by private institutional accounts (the "Managed Accounts") managed by Aspen Advisors LLC, a Delaware limited liability company (the "Advisor").
- [F2]All prices exclude commissions of $.04 per share.
- [F3]Of the 3,787,118 shares reported in Table I, 2,597,080 shares are owned by Aspen Partners Series A, a series of Aspen Capital Partners LP, a Delaware limited partnership (the "Partnership"), and 1,190,038 shares are owned by the Managed Accounts. Aspen Capital LLC, a Delaware limited liability company (the "General Partner"), is the general partner of the Partnership. The Advisor also acts as the investment manager of the Partnership. The shares in Table I exclude 1,174,383 warrants held by the Partnership and 497,757 warrants held by the Managed Accounts. The Partnership and the General Partner disclaim any beneficial interest in the securities owned by the Managed Accounts, and the General Partner disclaims any beneficial interest in the securities owned by the Partnership in excess of a 1.35% pecuniary interest therein, calculated in accordance with Rules 16a-1(a)(2) and (a)(3) under the Exchange Act.
- [F4]The Advisor disclaims any beneficial interest in the shares and warrants owned by the Partnership and the Managed Accounts. Mr. Nikos Hecht is the managing member of the General Partner and of the Advisor. By virtue of such status, he may be deemed the beneficial owner of the shares and warrants held by the Partnership and the Managed Accounts under Regulation 13D-G under the Exchange Act. Mr. Hecht disclaims any beneficial interest in the shares and warrants owned by the Partnership other than a 0.84% pecuniary interest in such shares and warrants, calculated in accordance with Rules 16a-1(a)(2) and (a)(3). He disclaims any beneficial interest in the shares and warrants owned by the Managed Accounts. Except as expressly acknowledged herein, this report shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, any such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
Documents
Issuer
FIRST AVENUE NETWORKS INC
CIK 0001010286
Entity typeother
Related Parties
1- filerCIK 0001127939
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 3:15 PM ET
- Size
- 9.9 KB