4//SEC Filing
BIOSPHERE MEDICAL INC 4
Accession 0001104659-10-048471
CIK 0000919015operating
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 11:31 AM ET
Size
10.3 KB
Accession
0001104659-10-048471
Insider Transaction Report
Form 4
SEPRACOR INC /DE/
10% Owner
Transactions
- Conversion
Common Stock
2010-09-07+1,205,000→ 4,429,333 total - Disposition to Issuer
Common Stock
2010-09-10$4.38/sh−4,429,333$19,400,479→ 0 total - Conversion
Series A Convertible Preferred Stock
2010-09-07$1000.00/sh−4,820$4,820,000→ 0 totalExercise: $4.00From: 2004-11-10→ Common Stock (1,205,000 underlying)
Footnotes (4)
- [F1]Pursuant to the terms of the Certificate of Designations, Preferences and Rights of Series A Preferred Stock of BioSphere Medical, Inc. ("BioSphere"), as amended ("Certificate of Designations"), Sepracor Inc. converted 4,820 shares of Series A Convertible Preferred Stock, $0.01 par value per share ("Series A Convertible Preferred Stock"), of BioSphere into 1,205,000 shares of Common Stock, $0.01 par value per share ("Common Stock"), of BioSphere.
- [F2]Reflects shares of Common Stock that were exchanged for a cash payment of $4.38 per share in connection with the merger of Merit BioAcquistion Co. with and into BioSphere.
- [F3]Pursuant to the terms of the Certificate of Designations, shares of Series A Convertible Preferred Stock are convertible into such number of shares of Common Stock as is obtained by: (i) multiplying the number of shares of Series A Convertible Preferred Stock to be converted by $1,000, subject to certain adjustments, and adding to such product an amount equal to all declared but unpaid dividends and all accrued but unpaid dividends with respect to such shares; and (ii) dividing the result obtained pursuant to clause (i) by a conversion price of $4.00 per share, subject to certain adjustments.
- [F4]Not applicable -- there is no expiration date for the Series A Convertible Preferred Stock.
Documents
Issuer
BIOSPHERE MEDICAL INC
CIK 0000919015
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000919015
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 11:31 AM ET
- Size
- 10.3 KB