3//SEC Filing
SUN ONE PRICE LLC 3
Accession 0001104659-03-014169
CIK 0000812446other
Filed
Jul 6, 8:00 PM ET
Accepted
Jul 7, 3:51 PM ET
Size
6.8 KB
Accession
0001104659-03-014169
Insider Transaction Report
Form 3
ONE PRICE CLOTHING STORES INCOTC: ONPR
No transactions or holdings reported in this filing.
Footnotes (2)
- [F1]Each share of Series A Preferred Stock will be automatically converted into fully-paid and nonassessable shares of Common Stock immediately upon the effectiveness of an amendment to the Issuer's Articles of Incorporation which has the effect of increasing the number of shares of Common Stock that the Issuer is authorized to issue to a number sufficient to provide for the issuance of shares of Common Stock upon conversion of all of the then issued and outstanding shares of Series A Preferred Stock.
- [F2]Pursuant to the terms of the Stock Purchase Warrant, Sun One Price may purchase up to an aggregate of 6,275,682 shares of Common Stock over a term of 10 years at prices ranging from $0.01 to $22.20 per share, with a weighted average price of $2.35 per share. The Stock Purchase Warrant is exercisable only after warrants, options or other conversion rights that were issued and outstanding immediately prior to June 27, 2003 and that are exercisable for shares of Common Stock (the "Pre-Closing Options") have been exercised. After such time as any Pre-Closing Options have been exercised, Sun One Price has the right to purchase 5.67 times .9795 times the number of shares of Common Stock exercised by the holder of a Pre-Closing Option at the exercise price associated with such Pre-Closing Option. The Sun One Price Warrant is intended to maintain Sun One Price's approximately 85% ownership of all outstanding Common Stock in the event Pre-Closing Options are exercised.
Documents
Issuer
ONE PRICE CLOTHING STORES INC
CIK 0000812446
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001234242
Filing Metadata
- Form type
- 3
- Filed
- Jul 6, 8:00 PM ET
- Accepted
- Jul 7, 3:51 PM ET
- Size
- 6.8 KB