COOPER J PHILLIP 4
4 · SOFTECH INC · Filed Dec 4, 2012
Insider Transaction Report
Form 4
SOFTECH INCSOFT
COOPER J PHILLIP
Director
Transactions
- Purchase
Common Stock, $.10 par value
2012-11-30$5.00/sh+5,000$25,000→ 30,000 total
Footnotes (1)
- [F1]The shares were purchased in a private placement transaction with the Company. Pursuant to the terms of the Securities Purchase Agreement between the Company and the Reporting Person, dated November 30,2012, the holder of these shares has the right to require the Company to repurchase for cash all or a portion of these shares for a repurchase price of $5.50 per share for a period of 30-days following the 18-month anniversary of the closing.