House of Taylor Jewelry, Inc. 4
4 · House of Taylor Jewelry, Inc. · Filed Oct 16, 2007
Insider Transaction Report
Form 4
Interplanet Productions, Ltd.
10% Owner
Transactions
- Other
Senior Secured Convertible Notes
2007-10-12$150000.00/sh→ 0 totalExercise: $4.00From: 2006-05-12Exp: 2009-05-11→ Common Stock (31,250 underlying) - Purchase
Warrant-Right to Buy Common Stock
2007-10-12$0.95/sh+1,578,947$1,500,000→ 1,578,947 totalExercise: $0.95From: 2007-10-12Exp: 2014-10-12→ Common Stock (1,578,947 underlying) - Purchase
Common Stock
2007-10-12$0.95/sh+1,052,632$1,000,000→ 15,202,632 total - Other
Series A Warrant-Right to Buy Common Stock
2007-10-12+123,358→ 123,358 totalExercise: $0.95From: 2006-11-12Exp: 2011-05-11→ Common Stock (123,358 underlying)
Footnotes (5)
- [F1]All of the shares are held directly by Interplanet Productions, Ltd., which is controlled by Elizabeth Taylor as the sole stockholder. Elizabeth Taylor is the indirect beneficial owner of the reported securities.
- [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 $0.85.
- [F5]This Series A Warrant was previously reported by the Reporting Person on a Form 4 filed on May 16, 2006, as a Series A Warrant entitling the Reporting Person to purchase 23,348 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 123,358 shares of common stock at an exercise price of $0.95 per share.