4//SEC Filing
Tengram Capital Partners Fund II, L.P. 4
Accession 0001104659-18-003053
CIK 0000844143other
Filed
Jan 18, 7:00 PM ET
Accepted
Jan 19, 4:11 PM ET
Size
11.2 KB
Accession
0001104659-18-003053
Insider Transaction Report
Form 4
Tengram Capital Associates II, LLC
10% Owner
Transactions
- Conversion
3.75% Convertible Promissory Note
2018-01-18→ 0 total(indirect: See footnote)From: 2018-01-18Exp: 2018-01-18→ Series A-1 Convertible Preferred Stock (4,587,964 underlying) - Conversion
Series A-1 Convertible Preferred Stock
2018-01-18+4,587,964→ 4,587,964 total(indirect: See footnote)From: 2018-01-18→ Common Stock (4,587,964 underlying)
Transactions
- Conversion
3.75% Convertible Promissory Note
2018-01-18→ 0 total(indirect: See footnote)From: 2018-01-18Exp: 2018-01-18→ Series A-1 Convertible Preferred Stock (4,587,964 underlying) - Conversion
Series A-1 Convertible Preferred Stock
2018-01-18+4,587,964→ 4,587,964 total(indirect: See footnote)From: 2018-01-18→ Common Stock (4,587,964 underlying)
Footnotes (3)
- [F1]On January 18, 2018, the outstanding principal balance of the SWIMS Convertible Note, together with any accrued and unpaid interest thereon, converted into shares of Series A-1 Preferred Stock of the Issuer, par value $0.10 per share (the "Series A-1 Preferred Stock"), at a conversion price equal to $3.00 per share.
- [F2]As of January 18, 2018, the SWIMS Convertible Note had $13,000,000 in outstanding principal balance and had accrued $763,892.52 in unpaid interest, for a total of $13,763,892.52. At a conversion price of $3.00 per share, this was converted into 4,587,964 shares of Series A-1 Preferred Stock in accordance with the SWIMS Convertible Note.
- [F3]The Series A-1 Preferred Stock has no expiration date or maturity. Each share of Series A-1 Preferred Stock is currently convertible one-for-one into shares of common stock. Series A-1 Preferred Stock is entitled to dividends at a rate of 10% per annum, payable quarterly in arrears, and any accrued dividends may be converted into additional shares of common stock.
Documents
Issuer
Differential Brands Group Inc.
CIK 0000844143
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001647123
Filing Metadata
- Form type
- 4
- Filed
- Jan 18, 7:00 PM ET
- Accepted
- Jan 19, 4:11 PM ET
- Size
- 11.2 KB