SALON MEDIA GROUP INC 4

Accession 0001072613-05-000257

CIK 0001084332operating

View on SEC.gov Company Profile

Filed

Feb 7, 7:00 PM ET

Accepted

Feb 8, 4:59 PM ET

Size

30.7 KB

Accession

0001072613-05-000257

Insider Transaction Report

Form 4

Period: 2005-02-07

SALON MEDIA GROUP INCSALN.OB

HAMBRECHT ELIZABETH BOYER

Interim CFO

Transactions

Purchase
Series D Preferred
2004-06-04$1200.00/sh+10$12,000→ 10 total(indirect: See Footnote)
Purchase
Series C Preferred
2003-12-30$800.00/sh+33$26,400→ 33 total(indirect: See Footnote)
Purchase
WARRANT
2003-11-24$0.06/sh+39,000$2,243→ 39,000 total(indirect: See Footnote)
Exercise: $0.06From: 2003-11-24Exp: 2006-11-24→ COMMON STOCK (39,000 underlying)
Purchase
WARRANT
2004-06-04$0.14/sh+19,354$2,671→ 19,354 total(indirect: See Footnote)
Exercise: $0.14From: 2004-06-04Exp: 2007-06-04→ COMMON STOCK (19,354 underlying)
Purchase
WARRANT
2005-02-02$0.16/sh+8,934$1,438→ 8,934 total(indirect: See Footnote)
Exercise: $0.16From: 2005-02-02Exp: 2008-02-02→ COMMON STOCK (8,934 underlying)
Purchase
Series C Preferred
2003-12-30$800.00/sh+32$25,600→ 68 total
Purchase
Series C Preferred
2003-12-30$800.00/sh+3$2,400→ 36 total(indirect: See Footnote)
Purchase
Series D Preferred
2005-02-02$1200.00/sh+5$6,000→ 15 total(indirect: See Footnote)
Purchase
WARRANT
2003-08-29$0.03/sh+75,000$2,588→ 75,000 total
Exercise: $0.03From: 2003-08-29Exp: 2006-08-29→ COMMON STOCK (75,000 underlying)
Purchase
WARRANT
2003-06-12$0.06/sh+7,950$457→ 7,950 total(indirect: See Footnote)
Exercise: $0.06From: 2003-06-12Exp: 2006-06-12→ COMMON STOCK (7,950 underlying)
Purchase
WARRANT
2003-07-10$0.05/sh+39,000$1,794→ 39,000 total(indirect: See Footnote)
Exercise: $0.05From: 2003-07-10Exp: 2006-07-10→ COMMON STOCK (39,000 underlying)
Award
Options to Purchaser
2005-02-07$0.14/sh+2,500,000$350,000→ 2,500,000 total
Exercise: $0.14From: 2005-02-07Exp: 2015-02-07→ Common Stock (2,500,000 underlying)

Holdings

Series A Preferred
(indirect: See Footnote)
7
Common Stock
(indirect: See Footnote.)
101,230

Footnotes (11)

[F1]WR Hambrecht+Co, LLC owns directly 125 shares of Series A Convertible Preferrred stock and 1,910,000 shares of common stock of Salon Media Group, Inc. Ms. Hambrecht, her husband and children together own 5.3% of WR Hambrecht+Co, LLC. Ms. Hambrecht disclaims beneficial ownership in all shares of Salon Media Group, Inc. directly owned by WR Hambrecht+Co, LLC except to the extent of her respective pecuniary interest therein.
[F10]Options to Purchase granted pursuant to Salon Media Group, Inc. 2004 Stock Plan.
[F11]The option is exercisable to the extent shares are vested. 50% of such shares vested on the date of the grant and 50% vest after one year, provided that the Reporting Person continues to be employed or otherwise retained by the issuer.
[F2]Granted pursuant to Note and Warrant Purchase Agreements.
[F3]WR Hambrecht+Co, LLC acquired 150,000 warrants. Ms. Hambrecht, her husband and children together own 5.3% of WR Hambrecht+Co, LLC. Ms. Hambrecht disclaims beneficial ownership of the warrants directly owned by WR Hambrecht+Co, LLC except to the extent of her respective pecuniary interest therein.
[F4]HAMCO Capital acquired 150,000 warrants. Ms. Hambrecht owns 26.0% of HAMCO Capital. Ms. Hambrecht disclaims beneficial ownership of the warrants directly owned by HAMCO Capital except to the extent of her respective pecuniary interest therein.
[F5]HAMCO Capital acquired 127 shares of Series C Preferred Stock. Ms. Hambrecht owns 26.0% of HAMCO Capital.Ms.Hambrecht disclaims beneficial ownership of the Series C Preferred Stock directly owned by HAMCO Capital except to the extent of her respective pecuniary interest therein.
[F6]W.R. Hambrecht & Co, LLC owns 65 shares of Series C Preferred Stock. Ms. Hambrecht disclaims beneficial ownership of the Series C Preferred Stock directly owned by W.R.Hambrecht &Co, LLC except to the extent of her respective pecuniary interest therein.
[F7]HAMCO Capital acquired 42 shares of Series D-1 preferred stock and 81,290 warrants. Ms Hambrecht owns 26.0% of HAMCO Capital. Ms. Hambrecht disclaims beneficial ownership of the Series D-1 preferred stock and warrants directly owned by HAMCO Capital except to the extent of her respective pecuniary interest therein.
[F8]Granted pusuant to a Securities Purchase Agreement.
[F9]HAMCO Capital Acquired 21 shares of series D-2 preferred stock and 34,363 warrants. Ms. Hambrecht owns 26.0% of HAMCO Capital. Ms. Hambrecht disclaims beneficial ownership of the series D-2 preferred stock and warrants directly owned by HAMCO Capital except to the extent of her respective pecuniary interest therein.

Documents

1 file

4
form4_13246ex.xmlPrimary
FORM 4 - ELIZABETH HAMBRECHT

Issuer

SALON MEDIA GROUP INC

CIK 0001084332

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001084332

Filing Metadata

Form type: 4
Filed: Feb 7, 7:00 PM ET
Accepted: Feb 8, 4:59 PM ET
Size: 30.7 KB

View on SEC.gov