AMERICAN DG ENERGY INC 4
4 · AMERICAN DG ENERGY INC · Filed Oct 24, 2016
Insider Transaction Report
Form 4
Natsis Tryfon
10% Owner
Transactions
- Other
6% Senior Unsecured Debenture Due 2018
2016-09-30Exercise: $2.11From: 2016-09-27Exp: 2018-05-25→ Common Stock (2,020,728 underlying) - Other
6% Senior Unsecured Debenture Due 2018
2016-09-30Exercise: $2.11From: 2016-09-27Exp: 2018-05-25→ Common Stock (1,042,653 underlying)
Footnotes (4)
- [F1]The 6% senior unsecured debenture (the "Debenture") may be converted into shares of the Issuer's common stock at a conversion price of $2.20 per share, subject to adjustment in certain circumstances. In addition, the Issuer has the option to redeem the Debenture at 115% of the outstanding principal amount, along with any accrued but unpaid interest.
- [F2]The Reporting Persons exchanged an aggregate amount of $4,263,737 in principal and prepaid interest of the Debenture for an aggregate amount of 9,700,000 shares of common stock of EuroSite Power Inc. held by the Issuer at an exchange rate of $0.40 per share.
- [F3]The Debenture is jointly owned by Tryfon Natsis and his wife, Despoina Pantopoulou, as joint tenants with the right of survivorship.
- [F4]The Reporting Persons received payment in the aggregate amount of $2,200,000 from the Issuer in exchange, in part, for reducing the principal of the Debenture from $5,618,681 to $3,418,681.