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GEMINI ISRAEL II PARALLEL FUND LP /NY 4

Accession 0001072613-06-002623

CIK 0001100451other

View on SEC.gov Company Profile

Filed

Dec 26, 7:00 PM ET

Accepted

Dec 27, 2:09 PM ET

Size

44.2 KB

Accession

0001072613-06-002623

Insider Transaction Report

Form 4

Period: 2006-12-13

UNITY WIRELESS CORPUTWY.OB

Gemini Israel Funds Ltd.

10% Owner

Transactions

Purchase
8% Secured Convertible Debentures
2006-12-13+576,933→ 576,933 total(indirect: By Gemini Israel Funds)
Exercise: $0.09From: 2006-12-13Exp: 2009-12-13→ Common Stock (576,933 underlying)
Sale
Warrants
2006-12-13−970,917→ 0 total(indirect: By Gemini Israel Funds)
Exercise: $0.20From: 2006-11-24Exp: 2009-08-17→ Common Stock (970,917 underlying)
Purchase
Warrants
2006-12-13+35,232→ 35,232 total(indirect: By GPI)
Exercise: $0.10From: 2006-12-13Exp: 2009-12-13→ Common Stock (35,232 underlying)
Purchase
8% Secured Convertible Debentures
2006-12-13+5,233→ 5,233 total(indirect: By GPI)
Exercise: $0.09From: 2006-12-13Exp: 2009-12-13→ Common Stock (5,233 underlying)
Purchase
Warrants
2006-12-13+288,467→ 288,467 total(indirect: By Gemini Israel Funds)
Exercise: $0.10From: 2006-12-13Exp: 2011-12-13→ Common Stock (288,467 underlying)
Purchase
Warrants
2006-12-13+2,617→ 2,617 total(indirect: By GPI)
Exercise: $0.10From: 2006-12-13Exp: 2009-12-13→ Common Stock (2,617 underlying)
Purchase
Warrants
2006-12-13+3,883,668→ 3,883,668 total(indirect: By Gemini Israel Funds)
Exercise: $0.10From: 2006-12-13Exp: 2011-12-13→ Common Stock (3,883,668 underlying)
Sale
Warrants
2006-12-13−8,808→ 0 total(indirect: By GPI)
Exercise: $0.20From: 2006-11-24Exp: 2009-08-17→ Common Stock (8,808 underlying)

GEMINI PARTNERS INVESTORS L.P.

10% Owner

Transactions

Sale
Warrants
2006-12-13−970,917→ 0 total(indirect: By Gemini Israel Funds)
Exercise: $0.20From: 2006-11-24Exp: 2009-08-17→ Common Stock (970,917 underlying)
Sale
Warrants
2006-12-13−8,808→ 0 total(indirect: By GPI)
Exercise: $0.20From: 2006-11-24Exp: 2009-08-17→ Common Stock (8,808 underlying)
Purchase
Warrants
2006-12-13+2,617→ 2,617 total(indirect: By GPI)
Exercise: $0.10From: 2006-12-13Exp: 2009-12-13→ Common Stock (2,617 underlying)
Purchase
8% Secured Convertible Debentures
2006-12-13+576,933→ 576,933 total(indirect: By Gemini Israel Funds)
Exercise: $0.09From: 2006-12-13Exp: 2009-12-13→ Common Stock (576,933 underlying)
Purchase
Warrants
2006-12-13+288,467→ 288,467 total(indirect: By Gemini Israel Funds)
Exercise: $0.10From: 2006-12-13Exp: 2011-12-13→ Common Stock (288,467 underlying)
Purchase
Warrants
2006-12-13+35,232→ 35,232 total(indirect: By GPI)
Exercise: $0.10From: 2006-12-13Exp: 2009-12-13→ Common Stock (35,232 underlying)
Purchase
8% Secured Convertible Debentures
2006-12-13+5,233→ 5,233 total(indirect: By GPI)
Exercise: $0.09From: 2006-12-13Exp: 2009-12-13→ Common Stock (5,233 underlying)
Purchase
Warrants
2006-12-13+3,883,668→ 3,883,668 total(indirect: By Gemini Israel Funds)
Exercise: $0.10From: 2006-12-13Exp: 2011-12-13→ Common Stock (3,883,668 underlying)

GEMINI CAPITAL ASSOCIATES LIMITED PARTNERSHIP

10% Owner

Transactions

Purchase
Warrants
2006-12-13+2,617→ 2,617 total(indirect: By GPI)
Exercise: $0.10From: 2006-12-13Exp: 2009-12-13→ Common Stock (2,617 underlying)
Sale
Warrants
2006-12-13−8,808→ 0 total(indirect: By GPI)
Exercise: $0.20From: 2006-11-24Exp: 2009-08-17→ Common Stock (8,808 underlying)
Sale
Warrants
2006-12-13−970,917→ 0 total(indirect: By Gemini Israel Funds)
Exercise: $0.20From: 2006-11-24Exp: 2009-08-17→ Common Stock (970,917 underlying)
Purchase
8% Secured Convertible Debentures
2006-12-13+5,233→ 5,233 total(indirect: By GPI)
Exercise: $0.09From: 2006-12-13Exp: 2009-12-13→ Common Stock (5,233 underlying)
Purchase
Warrants
2006-12-13+288,467→ 288,467 total(indirect: By Gemini Israel Funds)
Exercise: $0.10From: 2006-12-13Exp: 2011-12-13→ Common Stock (288,467 underlying)
Purchase
Warrants
2006-12-13+35,232→ 35,232 total(indirect: By GPI)
Exercise: $0.10From: 2006-12-13Exp: 2009-12-13→ Common Stock (35,232 underlying)
Purchase
Warrants
2006-12-13+3,883,668→ 3,883,668 total(indirect: By Gemini Israel Funds)
Exercise: $0.10From: 2006-12-13Exp: 2011-12-13→ Common Stock (3,883,668 underlying)
Purchase
8% Secured Convertible Debentures
2006-12-13+576,933→ 576,933 total(indirect: By Gemini Israel Funds)
Exercise: $0.09From: 2006-12-13Exp: 2009-12-13→ Common Stock (576,933 underlying)

Advent PGGM Gemini Limited Partnership

10% Owner

Transactions

Purchase
Warrants
2006-12-13+288,467→ 288,467 total(indirect: By Gemini Israel Funds)
Exercise: $0.10From: 2006-12-13Exp: 2011-12-13→ Common Stock (288,467 underlying)
Sale
Warrants
2006-12-13−8,808→ 0 total(indirect: By GPI)
Exercise: $0.20From: 2006-11-24Exp: 2009-08-17→ Common Stock (8,808 underlying)
Sale
Warrants
2006-12-13−970,917→ 0 total(indirect: By Gemini Israel Funds)
Exercise: $0.20From: 2006-11-24Exp: 2009-08-17→ Common Stock (970,917 underlying)
Purchase
Warrants
2006-12-13+3,883,668→ 3,883,668 total(indirect: By Gemini Israel Funds)
Exercise: $0.10From: 2006-12-13Exp: 2011-12-13→ Common Stock (3,883,668 underlying)
Purchase
Warrants
2006-12-13+2,617→ 2,617 total(indirect: By GPI)
Exercise: $0.10From: 2006-12-13Exp: 2009-12-13→ Common Stock (2,617 underlying)
Purchase
8% Secured Convertible Debentures
2006-12-13+5,233→ 5,233 total(indirect: By GPI)
Exercise: $0.09From: 2006-12-13Exp: 2009-12-13→ Common Stock (5,233 underlying)
Purchase
Warrants
2006-12-13+35,232→ 35,232 total(indirect: By GPI)
Exercise: $0.10From: 2006-12-13Exp: 2009-12-13→ Common Stock (35,232 underlying)
Purchase
8% Secured Convertible Debentures
2006-12-13+576,933→ 576,933 total(indirect: By Gemini Israel Funds)
Exercise: $0.09From: 2006-12-13Exp: 2009-12-13→ Common Stock (576,933 underlying)

Gemini Israel II Limited Partnership

10% Owner

Transactions

Purchase
Warrants
2006-12-13+288,467→ 288,467 total(indirect: By Gemini Israel Funds)
Exercise: $0.10From: 2006-12-13Exp: 2011-12-13→ Common Stock (288,467 underlying)
Purchase
Warrants
2006-12-13+35,232→ 35,232 total(indirect: By GPI)
Exercise: $0.10From: 2006-12-13Exp: 2009-12-13→ Common Stock (35,232 underlying)
Sale
Warrants
2006-12-13−970,917→ 0 total(indirect: By Gemini Israel Funds)
Exercise: $0.20From: 2006-11-24Exp: 2009-08-17→ Common Stock (970,917 underlying)
Purchase
8% Secured Convertible Debentures
2006-12-13+576,933→ 576,933 total(indirect: By Gemini Israel Funds)
Exercise: $0.09From: 2006-12-13Exp: 2009-12-13→ Common Stock (576,933 underlying)
Purchase
8% Secured Convertible Debentures
2006-12-13+5,233→ 5,233 total(indirect: By GPI)
Exercise: $0.09From: 2006-12-13Exp: 2009-12-13→ Common Stock (5,233 underlying)
Sale
Warrants
2006-12-13−8,808→ 0 total(indirect: By GPI)
Exercise: $0.20From: 2006-11-24Exp: 2009-08-17→ Common Stock (8,808 underlying)
Purchase
Warrants
2006-12-13+2,617→ 2,617 total(indirect: By GPI)
Exercise: $0.10From: 2006-12-13Exp: 2009-12-13→ Common Stock (2,617 underlying)
Purchase
Warrants
2006-12-13+3,883,668→ 3,883,668 total(indirect: By Gemini Israel Funds)
Exercise: $0.10From: 2006-12-13Exp: 2011-12-13→ Common Stock (3,883,668 underlying)

GEMINI ISRAEL II PARALLEL FUND LP /NY

10% Owner

Transactions

Sale
Warrants
2006-12-13−8,808→ 0 total(indirect: By GPI)
Exercise: $0.20From: 2006-11-24Exp: 2009-08-17→ Common Stock (8,808 underlying)
Purchase
Warrants
2006-12-13+3,883,668→ 3,883,668 total(indirect: By Gemini Israel Funds)
Exercise: $0.10From: 2006-12-13Exp: 2011-12-13→ Common Stock (3,883,668 underlying)
Sale
Warrants
2006-12-13−970,917→ 0 total(indirect: By Gemini Israel Funds)
Exercise: $0.20From: 2006-11-24Exp: 2009-08-17→ Common Stock (970,917 underlying)
Purchase
8% Secured Convertible Debentures
2006-12-13+576,933→ 576,933 total(indirect: By Gemini Israel Funds)
Exercise: $0.09From: 2006-12-13Exp: 2009-12-13→ Common Stock (576,933 underlying)
Purchase
Warrants
2006-12-13+288,467→ 288,467 total(indirect: By Gemini Israel Funds)
Exercise: $0.10From: 2006-12-13Exp: 2011-12-13→ Common Stock (288,467 underlying)
Purchase
8% Secured Convertible Debentures
2006-12-13+5,233→ 5,233 total(indirect: By GPI)
Exercise: $0.09From: 2006-12-13Exp: 2009-12-13→ Common Stock (5,233 underlying)
Purchase
Warrants
2006-12-13+2,617→ 2,617 total(indirect: By GPI)
Exercise: $0.10From: 2006-12-13Exp: 2009-12-13→ Common Stock (2,617 underlying)
Purchase
Warrants
2006-12-13+35,232→ 35,232 total(indirect: By GPI)
Exercise: $0.10From: 2006-12-13Exp: 2009-12-13→ Common Stock (35,232 underlying)

Footnotes (8)

[F1]In connection with the issuance of the 8% Secured Convertible Debentures reported under this Form 4 (see footnote 3 below), the exercise price of these warrants was reduced (from prices ranging from $020 to $0.30 per share) to $0.10 per share and the expiration date of these securities was extended from 8/17/2009 to 12/13/2011, for no additional consideration. Consequently, these warrants may be deemed disposed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended and these warrants (as amended) are reported in this Form 4 as acquired as set forth in the line items that conespond to footnote 5 of Table I.I.
[F2]Not applicable.
[F3]Gemini Israel Funds acquired the 8% Secured Convertible Debentures, which mature on 12/13/2009, in consideration for $51,924, in the aggregate, which reflects a $51,924 face amount for the Debentures (or approximately $0.09 per share), The 8% Secured Convertible Debentures are convertible into shares of common stock by dividing the principal amount and interest accrued thereon by the conversion price. Consequently, the figure above (576,933 shares) may generally increase until the full repayment of the debentures. As part of the transaction, the Issuer issued the warrants for no additional consideration.
[F4]As described in footnote 1 above, these warrants may be deemed acquired due to the change of their terms as part of the transaction described in footnote 3 above.
[F5]Gemini Partners Investors LP("GPI") is a partnership. The securities are held directly by GPI.
[F6]GPI acquired the 8% Secured Convertible Debentures, which mature on 12/13/2009, in consideration for $471 in the aggregate, which reflects a $471 face amount for the Debentures (or approximately $0.09 per share). The 8% Secured Convertible Debentures are convertible into shares of common stock by dividing the principal amount and interest accrued thereon by the conversion price. Consequently, the figure above (5,233 shares) may generally increase until the full repayment of the debentures. As part of the transaction, the Issuer issued the warrants for no additional consideration.
[F7]As described in footnote 1 above, these warrants may be deemed acquired due to the change of their tern= as part of the transaction described in footnote 6 above.
[F8]Gemini Israel Funds Ltd. ("Gemini Israel Funds ") is the general partner of Gemini Capital Associates LP which is the general paftner of Gemini Israel II Parallel Fund LP and Advent PGGM Gemini LP. Gemini Israel Funds Ltd. ("Gemini Israel Funds ") is the general partner of Gemini Israel fl LP. The securities are held directly by each one of the funds.

Documents

1 file

4
pro_14808ex.xmlPrimary

Issuer

UNITY WIRELESS CORP

CIK 0001100451

→

Entity typeother

Related Parties

filerCIK 0001048616

Filing Metadata

Form type: 4
Filed: Dec 26, 7:00 PM ET
Accepted: Dec 27, 2:09 PM ET
Size: 44.2 KB

View on SEC.gov