4//SEC Filing
JOHNSTON WILLIAM D 4
Accession 0001078782-09-001120
CIK 0000354260other
Filed
Aug 5, 8:00 PM ET
Accepted
Aug 6, 1:55 PM ET
Size
63.5 KB
Accession
0001078782-09-001120
Insider Transaction Report
Form 4
SOFTECH INCSOFT.OB
JOHNSTON WILLIAM D
Director10% Owner
Transactions
- Purchase
Common Stock, $.10 par value
1996-10-19$2.55/sh+5,000$12,750→ 25,000 total(indirect: By Trust) - Award
Stock Option
2003-04-16+3,000→ 22,000 totalExercise: $0.13Exp: 2013-04-16→ Common Stock (3,000 underlying) - Purchase
Common Stock, $.10 par value
1999-08-31$1.40/sh+55,000$77,000→ 1,154,948 total(indirect: By Greenleaf Capital, Inc.) - Purchase
Common Stock, $.10 par value
1998-12-22$2.53/sh+15,000$37,950→ 40,000 total(indirect: By Trust) - Purchase
Common Stock, $.10 par value
1999-02-23$2.11/sh+40,000$84,400→ 85,000 total(indirect: By Trust) - Purchase
Common Stock, $.10 par value
1999-11-03$1.25/sh+5,000$6,250→ 90,000 total(indirect: By Trust) - Other
Common Stock, $.10 par value
1998-10-26$2.73/sh+1,099,948$3,002,858→ 1,099,948 total(indirect: By Greenleaf Capital, Inc.) - Purchase
Common Stock, $.10 par value
1999-09-08$1.52/sh+7,500$11,400→ 1,189,948 total(indirect: By Greenleaf Capital, Inc.) - Conversion
Common Stock, $.10 par value
2000-05-26$1.08/sh+1,783,000$1,922,252→ 3,803,220 total(indirect: By Greenleaf Capital, Inc.) - Award
Stock Option
1997-04-17+10,000→ 10,000 totalExercise: $1.88Exp: 2007-04-17→ Common Stock (10,000 underlying) - Award
Convertible Note
1999-10-31$1500000.00/sh→ 0 total(indirect: By Greenleaf Capital, Inc.)Exercise: $1.20From: 1999-10-31→ Common Stock (807,922 underlying) - Award
Convertible Note
2000-05-26$3500000.00/sh→ 0 total(indirect: By Greenleaf Capital, Inc.)Exercise: $1.08From: 2000-05-26→ Common Stock (3,246,452 underlying) - Conversion
Convertible Note
2000-02-29→ 0 total(indirect: By Greenleaf Capital, Inc.)Exercise: $1.20From: 1999-10-31→ Common Stock (807,922 underlying) - Purchase
Common Stock, $.10 par value
1999-09-02$1.52/sh+12,500$19,000→ 1,177,448 total(indirect: By Greenleaf Capital, Inc.) - Purchase
Common Stock, $.10 par value
1999-09-13$1.52/sh+7,000$10,640→ 1,196,948 total(indirect: By Greenleaf Capital, Inc.) - Purchase
Common Stock, $.10 par value
2007-06-12$0.08/sh+21,571$1,726→ 5,288,243 total(indirect: By Greenleaf Capital, Inc.) - Award
Stock Option
1998-04-17+3,000→ 13,000 totalExercise: $4.63Exp: 2008-04-17→ Common Stock (3,000 underlying) - Award
Stock Option
1999-04-19+3,000→ 16,000 totalExercise: $2.03Exp: 2009-04-19→ Common Stock (3,000 underlying) - Disposition to Issuer
Call Option (obligation to sell to Issuer)
1999-10-31+1→ 0 total(indirect: By Greenleaf Capital, Inc.)Exercise: $1.23From: 1999-10-31→ Common Stock (807,922 underlying) - Conversion
Convertible Note
2000-05-26→ 0 total(indirect: By Greenleaf Capital, Inc.)Exercise: $1.08From: 2000-05-26→ Common Stock (1,783,000 underlying) - Purchase
Common Stock, $.10 par value
1998-12-22$2.46/sh+5,000$12,300→ 45,000 total(indirect: By Trust) - Purchase
Common Stock, $.10 par value
1999-09-01$1.40/sh+10,000$14,000→ 1,164,948 total(indirect: By Greenleaf Capital, Inc.) - Purchase
Common Stock, $.10 par value
1999-09-03$1.52/sh+5,000$7,600→ 1,182,448 total(indirect: By Greenleaf Capital, Inc.) - Purchase
Common Stock, $.10 par value
1999-09-14$1.49/sh+3,000$4,470→ 1,199,948 total(indirect: By Greenleaf Capital, Inc.) - Purchase
Common Stock, $.10 par value
1999-10-28$1.00/sh+12,300$12,300→ 1,212,248 total(indirect: By Greenleaf Capital, Inc.) - Conversion
Common Stock, $.10 par value
2000-02-29$1.86/sh+807,972$1,502,828→ 2,020,220 total(indirect: By Greenleaf Capital, Inc.) - Conversion
Common Stock, $.10 par value
2002-03-27$1.08/sh+1,463,452$1,577,748→ 5,266,672 total(indirect: By Greenleaf Capital, Inc.) - Award
Stock Option
2002-04-17+3,000→ 19,000 totalExercise: $0.18Exp: 2012-04-17→ Common Stock (3,000 underlying) - Award
Stock Option
2004-04-16+3,000→ 25,000 totalExercise: $0.26Exp: 2014-04-16→ Common Stock (3,000 underlying) - Disposition to Issuer
Call Option (obligation to sell to Issuer)
2000-05-26+1→ 0 total(indirect: By Greenleaf Capital, Inc.)Exercise: $1.23From: 2000-05-26→ Common Stock (3,246,452 underlying) - Conversion
Convertible Note
2002-03-27→ 0 total(indirect: By Greenleaf Capital, Inc.)Exercise: $1.08From: 2000-05-26→ Common Stock (1,463,452 underlying)
Footnotes (10)
- [F1]An aggregate of 1,099,948 shares acquired directly from the issuer in connection with (i) Greenleaf Capital, Inc. agreeing to convert 1.5M of outstanding indebtedness into common stock and (ii) the investment of an additional $1.5M in cash by Greenleaf Capital, Inc.
- [F10]The conversion price was equal to the lesser of #1.0781 (fixed price) or the average closing sale price of the Issuer's common stock for the five trading days prior to conversion.
- [F2]These shares were acquired directly from the issuer in connection with the conversion of $1.5M of indebtedness into common stock.
- [F3]These shares (an aggregate of 3,246,452 shares) were acquired directly from the issuer in connection with the conversion issuer of an aggregate of $3.5 million of indebtedness into common stock. Of the aggregate 3,246,452 shares, 1,783,000 were issued on 05/26/00, and the remaining 1,463,452 shares were issued on 03/27/02.
- [F4]The options become exercisable in five equal installments commencing on the date of grant.
- [F5]As of the date of this report, the reporting person beneficially owned options to purchase 9,000 shares of issuer common stock, the other options reported herein expired without being exercised.
- [F6]The conversion price was equal to the greater of $1.20 (fixed price) or the average closing sale price of the Issuer's common stock for the five trading days prior to conversion.
- [F7]Each of the derivative securities has a perpetual term.
- [F8]Each of the convertible notes is represented by a single contract. As of the date of filing of this Form 4, the Reporting Person no longer beneficially owns any convertible notes.
- [F9]Each of the call options is represented by a single contract.
Documents
Issuer
SOFTECH INC
CIK 0000354260
Entity typeother
Related Parties
1- filerCIK 0001469819
Filing Metadata
- Form type
- 4
- Filed
- Aug 5, 8:00 PM ET
- Accepted
- Aug 6, 1:55 PM ET
- Size
- 63.5 KB