4//SEC Filing
VISCOUNT SYSTEMS INC 4
Accession 0001140361-15-010546
CIK 0001158387operating
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 5:28 PM ET
Size
7.3 KB
Accession
0001140361-15-010546
Insider Transaction Report
Form 4
ARENS GEOFFREY W
Director
Transactions
- Award
Series A Convertible Redeemable Preferred Stock
2015-03-05+200→ 200 total(indirect: By Dendera Capital Fund LP)From: 2015-03-05→ Common Stock, Senior Secured Convertible Notes
Footnotes (7)
- [F1]The Company issued to Dendera Capital Fund LP (whose principal is Geoffrey Arens, a director of the Company) 2,925,000 shares of common stock of the Company on January 20, 2015. The Company intended to issue to Dendera Capital Fund LP 200 shares of Series A Convertible Redeemable Preferred Stock of the Company (the "A Shares"). The Company has rectified this error by issuing to Dendera Capital Fund LP 200 A Shares of the Company. This curative transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to the exemptions set forth under Exchange Act Rules 16(b)-3(d) or 16(b)-3(e).
- [F2]$0.07 subject to adjustment (the "Conversion Price") as provided in that certain Certificate of Designation, Preferences and Rights of the Series A Convertible Redeemable Preferred Stock of Viscount Systems, Inc. (the "Certificate of Designation"), dated as of June 5, 2012 as amended from time to time.
- [F3]The A Shares have no expiration date.
- [F4]Each A Share, at the holder's option, may be convertible into either common shares or senior secured convertible notes of the Company subject to the terms contained in the Certificate of Designation.
- [F5]Each A Share shall be converted by the Company into common shares upon the occurrence of certain events and upon the terms contained in the Certificate of Designation.
- [F6]Each A share has a stated value equal to $1,000, subject to adjustment as provided in the Certificate of Designation.
- [F7]The reporting person is the Managing Partner of Dendera Capital Fund LP. The reporting person disclaims beneficial ownership of the securities held by Dendera Capital Fund LP, except to the extent of his pecuniary interest therein.
Documents
Issuer
VISCOUNT SYSTEMS INC
CIK 0001158387
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001158387
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 5:28 PM ET
- Size
- 7.3 KB