4//SEC Filing
Budinger William M. 4
Accession 0001104659-10-039180
CIK 0001327471other
Filed
Jul 21, 8:00 PM ET
Accepted
Jul 22, 9:02 PM ET
Size
15.3 KB
Accession
0001104659-10-039180
Insider Transaction Report
Form 4
RealD Inc.RLD
Budinger William M.
Director
Transactions
- Conversion
Series A Convertible Preferred Stock
2010-07-21−750,000→ 0 total(indirect: See Footnote)→ Common Stock (1,125,000 underlying) - Sale
Common Stock
2010-07-21$14.88/sh−655,005$9,746,474→ 1,657,200 total(indirect: See Footnote) - Conversion
Common Stock
2010-07-21+1,125,000→ 1,125,000 total(indirect: See Footnote) - Conversion
Common Stock
2010-07-21+302,205→ 302,205 total(indirect: See Footnote) - Conversion
Series B Convertible Preferred Stock
2010-07-21−201,470→ 0 total(indirect: See Footnote)→ Common Stock (302,205 underlying)
Footnotes (4)
- [F1]The Issuer's Series A Convertible Preferred Stock (the "Series A Preferred") and Series B Convertible B Preferred Stock (the "Series B Preferred") automatically converted into shares of its Common Stock (the "Common Stock") at a conversion rate of 1.5 shares of Common Stock per share of Series A Preferred Stock and Series B Preferred Stock, which reflected the 1-for-1.5 forward stock split of the Common Stock that was effected by the Issuer on June 28, 2010. The Reporting Person was deemed to beneficially own (A) 750,000 shares of Series A Preferred Stock and (B) 201,470 shares of Series B Preferred Stock, which automatically converted into (A) 1,125,000 shares of Common Stock and (B) 302,205 shares of Common Stock upon the closing of the Issuer's qualified initial public offering, as defined in the Issuer's certificate of incorporation, as amended through July 12, 2010.
- [F2]These shares are held by Torque Investments, LLC. Torque Investments, LLC is 99.0% owned by the William M. Budinger Revocable Trust and 1.0% owned by Sunnyside Investments, Inc. Mr. Budinger is the sole trustee of the trust and the President of Sunnyside Investments, Inc. and has voting and investment power over all the shares held by Torque Investments, LLC, and may be deemed, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), to be the indirect beneficial owner of the Series A Preferred Stock and Series B Preferred Stock as converted into Common Stock that are the subject of this report (collectively, the "Issuer Securities"). The Reporting Person disclaims beneficial ownership of the Issuer Securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
- [F3]These securities were exercisable immediately.
- [F4]These shares did not have an expiration date.
Documents
Issuer
RealD Inc.
CIK 0001327471
Entity typeother
Related Parties
1- filerCIK 0001496593
Filing Metadata
- Form type
- 4
- Filed
- Jul 21, 8:00 PM ET
- Accepted
- Jul 22, 9:02 PM ET
- Size
- 15.3 KB