4//SEC Filing
Roethler Doron 4
Accession 0001113513-09-000016
CIK 0001113513other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 1:41 PM ET
Size
14.5 KB
Accession
0001113513-09-000016
Insider Transaction Report
Form 4
SMART ONLINE INCSOLN
Roethler Doron
DirectorInterim CEO10% Owner
Transactions
- Disposition to Issuer
See footnote
2009-02-24(indirect: See footnote)Exercise: $3.05From: 2010-11-14Exp: 2010-11-14→ Common Stock (163,934 underlying) - Disposition to Issuer
See footnote
2009-02-24(indirect: See footnote)Exercise: $3.05From: 2010-11-14Exp: 2010-11-14→ Common Stock (81,967 underlying) - Award
See footnote
2009-02-24(indirect: See footnote)Exercise: $2.28From: 2010-11-14Exp: 2010-11-14→ Common Stock (109,649 underlying) - Award
See footnote
2009-02-24(indirect: See footnote)Exercise: $2.28From: 2010-11-14Exp: 2010-11-14→ Common Stock (219,298 underlying)
Footnotes (4)
- [F1]Convertible secured subordinated note due November 14, 2010 (collectively, the "Notes").
- [F2]The reported transactions involved an amendment of outstanding Notes, resulting in the deemed cancellation of the "old" Notes and the deemed purchase of "replacement" Notes.
- [F3]Held by Crystal Management, Ltd., which is 100% owned by Doron Roethler.
- [F4]The Notes are convertible into Smart Online, Inc. (the "Issuer") common stock at the lowest "applicable conversion price" determined for each Note (issued to any noteholder), which shall be calculated by multiplying 120% by the lowest of (a) the average of the high and low prices of the Issuer's common stock on the OTCBB averaged over the 5 trading days prior to the closing date of the Note's issuance, (b) if the Issuer's common stock is not traded on the Over-The-Counter market, the closing price of the common stock reported on the principal exchange on which the common stock is listed, averaged over the 5 trading days prior to the closing date of the Note's issuance, or (c) the closing price of the Issuer's common stock on the OTCBB or the principal exchange on which the common stock is listed, as applicable, on the trading day preceding the date such Note is converted, in each case as adjusted for stock splits, dividends or combinations, recapitalizations or similar events.
Documents
Issuer
SMART ONLINE INC
CIK 0001113513
Entity typeother
Related Parties
1- filerCIK 0001318876
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 1:41 PM ET
- Size
- 14.5 KB