4//SEC Filing
Abramov Monty 4
Accession 0001069249-07-000022
CIK 0001069249other
Filed
Oct 15, 8:00 PM ET
Accepted
Oct 16, 8:06 PM ET
Size
13.5 KB
Accession
0001069249-07-000022
Insider Transaction Report
Form 4
Abramov Monty
DirectorVice President10% Owner
Transactions
- Other
Senior Secured Convertible Notes
2007-10-12$40000.00/sh−10,000$400,000,000→ 0 totalExercise: $4.00From: 2006-05-12Exp: 2009-05-12→ Common Stock (10,000 underlying) - Purchase
Common Stock
2007-10-12$0.95/sh+68,421$65,000→ 3,870,677 total - Purchase
Warrant-Right to Buy Common Stock
2007-10-12$0.95/sh+102,632$97,500→ 102,632 totalExercise: $0.95From: 2007-10-12Exp: 2014-10-12→ Common Stock (102,632 underlying) - Other
Series A Warrant Right to Buy Common Stock
2007-10-12$0.95/sh+31,974$30,375→ 39,474 totalExercise: $0.95From: 2006-11-12Exp: 2011-05-11→ Common Stock (31,974 underlying)
Footnotes (6)
- [F1]All of the shares are held directly by Monty Abramov.
- [F2]Effective October 12, 2007, House of Taylor Jewelry, Inc. (the Issuer) completed its sale of shares of common stock and warrants to institutional and other accredited investors (the Sale). Pursuant to the Sale, the Reporting Person acquired 1,052,632 shares of common stock for $0.95 per share and 1,578,947 warrants for $0.95 per warrant, each warrant of which entitled the Reporting Person to purchase one share of common stock for $0.95 per share.
- [F3]The exercise price of the warrant is subject to adjustment for certain dilutive issuances of common stock or securities exercisable or convertible into common stock.
- [F4]Concurrently with the completion of the Sale, the Issuer paid off the outstanding senior convertible notes. The market price of the common stock on the date of the pay off was $85.
- [F5]This Series A Warrant was previously reported by the Reporting Person on a Form 4 filed on May 15, 2006, as a Series A Warrant entitling the Reporting Person to purchase 7,500 shares of common stock for $5.00 per share. Due to an anti-dilution provision therein which was triggered by the Sale, the Series A Warrant was adjusted and became exercisable for 39,474 shares of common stock at an exercise price of $0.95 per share.
- [F6]The exercise price of the Warrant is subject to adjustments for certain dilutive issuances of common stock or securities exercisable or convertible into common stock.
Documents
Issuer
House of Taylor Jewelry, Inc.
CIK 0001069249
Entity typeother
Related Parties
1- filerCIK 0001328247
Filing Metadata
- Form type
- 4
- Filed
- Oct 15, 8:00 PM ET
- Accepted
- Oct 16, 8:06 PM ET
- Size
- 13.5 KB