4//SEC Filing
BERLINER COMMUNICATIONS INC 4
Accession 0001144204-08-037071
CIK 0000826773operating
Filed
Jun 26, 8:00 PM ET
Accepted
Jun 27, 12:26 PM ET
Size
19.8 KB
Accession
0001144204-08-037071
Insider Transaction Report
Form 4
BERLINER COMMUNICATIONS INCBERL.OB
Waye Thom
10% Owner
Transactions
- Conversion
Common Stock
2008-06-25$1.00/sh+1,500,000$1,500,000→ 3,734,692 total(indirect: See footnote) - Conversion
7% Senior Subordinated Secured Convertible Note Due 2008
2008-06-25$3000000.00/sh−3,000,000$9,000,000,000,000→ 0 total(indirect: See footnote)Exercise: $1.00From: 2006-12-29Exp: 2008-12-29→ Common Stock (3,000,000 underlying) - Conversion
Common Stock
2008-06-25$1.00/sh+3,000,000$3,000,000→ 6,734,692 total(indirect: See footnote) - Conversion
7% Senior Subordinated Secured Convertible Note Due 2008
2008-06-25$1500000.00/sh−1,500,000$2,250,000,000,000→ 0 total(indirect: See footnote)Exercise: $1.00From: 2006-12-29Exp: 2008-12-29→ Common Stock (1,500,000 underlying)
Sigma Opportunity Fund LLC
10% Owner
Transactions
- Conversion
7% Senior Subordinated Secured Convertible Note Due 2008
2008-06-25$3000000.00/sh−3,000,000$9,000,000,000,000→ 0 total(indirect: See footnote)Exercise: $1.00From: 2006-12-29Exp: 2008-12-29→ Common Stock (3,000,000 underlying) - Conversion
Common Stock
2008-06-25$1.00/sh+3,000,000$3,000,000→ 6,734,692 total(indirect: See footnote) - Conversion
7% Senior Subordinated Secured Convertible Note Due 2008
2008-06-25$1500000.00/sh−1,500,000$2,250,000,000,000→ 0 total(indirect: See footnote)Exercise: $1.00From: 2006-12-29Exp: 2008-12-29→ Common Stock (1,500,000 underlying) - Conversion
Common Stock
2008-06-25$1.00/sh+1,500,000$1,500,000→ 3,734,692 total(indirect: See footnote)
Sigma Berliner, LLC
10% Owner
Transactions
- Conversion
Common Stock
2008-06-25$1.00/sh+1,500,000$1,500,000→ 3,734,692 total(indirect: See footnote) - Conversion
7% Senior Subordinated Secured Convertible Note Due 2008
2008-06-25$3000000.00/sh−3,000,000$9,000,000,000,000→ 0 total(indirect: See footnote)Exercise: $1.00From: 2006-12-29Exp: 2008-12-29→ Common Stock (3,000,000 underlying) - Conversion
Common Stock
2008-06-25$1.00/sh+3,000,000$3,000,000→ 6,734,692 total(indirect: See footnote) - Conversion
7% Senior Subordinated Secured Convertible Note Due 2008
2008-06-25$1500000.00/sh−1,500,000$2,250,000,000,000→ 0 total(indirect: See footnote)Exercise: $1.00From: 2006-12-29Exp: 2008-12-29→ Common Stock (1,500,000 underlying)
Sigma Capital Advisors, LLC
10% Owner
Transactions
- Conversion
Common Stock
2008-06-25$1.00/sh+1,500,000$1,500,000→ 3,734,692 total(indirect: See footnote) - Conversion
Common Stock
2008-06-25$1.00/sh+3,000,000$3,000,000→ 6,734,692 total(indirect: See footnote) - Conversion
7% Senior Subordinated Secured Convertible Note Due 2008
2008-06-25$1500000.00/sh−1,500,000$2,250,000,000,000→ 0 total(indirect: See footnote)Exercise: $1.00From: 2006-12-29Exp: 2008-12-29→ Common Stock (1,500,000 underlying) - Conversion
7% Senior Subordinated Secured Convertible Note Due 2008
2008-06-25$3000000.00/sh−3,000,000$9,000,000,000,000→ 0 total(indirect: See footnote)Exercise: $1.00From: 2006-12-29Exp: 2008-12-29→ Common Stock (3,000,000 underlying)
Sigma Capital Partners, LLC
10% Owner
Transactions
- Conversion
Common Stock
2008-06-25$1.00/sh+3,000,000$3,000,000→ 6,734,692 total(indirect: See footnote) - Conversion
Common Stock
2008-06-25$1.00/sh+1,500,000$1,500,000→ 3,734,692 total(indirect: See footnote) - Conversion
7% Senior Subordinated Secured Convertible Note Due 2008
2008-06-25$3000000.00/sh−3,000,000$9,000,000,000,000→ 0 total(indirect: See footnote)Exercise: $1.00From: 2006-12-29Exp: 2008-12-29→ Common Stock (3,000,000 underlying) - Conversion
7% Senior Subordinated Secured Convertible Note Due 2008
2008-06-25$1500000.00/sh−1,500,000$2,250,000,000,000→ 0 total(indirect: See footnote)Exercise: $1.00From: 2006-12-29Exp: 2008-12-29→ Common Stock (1,500,000 underlying)
Footnotes (4)
- [F1]This Form 4 is filed jointly by Thom Waye, Sigma Opportunity Fund, LLC ("Sigma Fund"), Sigma Capital Advisors, LLC ("Sigma Advisors"), Sigma Capital Partners, LLC ("Sigma Partners") and Sigma Berliner, LLC ("Sigma Berliner").
- [F2]Of these securities, 2,170,407 shares are owned directly by Sigma Berliner, 74,490 shares are owned directly by Sigma Advisors, and 4,489,795 shares are owned directly by Sigma Fund. All these securities (except the 74,490 shares directly owned by Sigma Advisors) are owned indirectly by Sigma Advisors by virtue of it being the managing member of Sigma Berliner and Sigma Fund; by Sigma Partners by virtue of it being the sole member of Sigma Advisors; and by Mr. Waye by virtue of his position as the sole member of Sigma Partners. Mr. Waye, Sigma Advisors and Sigma Partners disclaim beneficial ownership of the shares owned by Sigma Berliner and Sigma Fund except to the extent of their pecuniary interest therein.
- [F3]These securities were owned directly by Sigma Berliner and owned indirectly by Sigma Advisors by virtue of it being the managing member of Sigma Berliner; by Sigma Partners by virtue of it being the sole member of Sigma Advisors; and by Mr. Waye by virtue of his position as the sole member of Sigma Partners. Mr. Waye, Sigma Advisors and Sigma Partners disclaim beneficial ownership of the shares owned by Sigma Berliner except to the extent of their pecuniary interest therein.
- [F4]These securities were owned directly by Sigma Fund and owned indirectly by Sigma Advisors by virtue of it being the managing member of Sigma Fund; by Sigma Partners by virtue of it being the sole member of Sigma Advisors; and by Mr. Waye by virtue of his position as the sole member of Sigma Partners. Mr. Waye, Sigma Advisors and Sigma Partners disclaim beneficial ownership of the shares owned by Sigma Fund except to the extent of their pecuniary interest therein.
Documents
Issuer
BERLINER COMMUNICATIONS INC
CIK 0000826773
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000826773
Filing Metadata
- Form type
- 4
- Filed
- Jun 26, 8:00 PM ET
- Accepted
- Jun 27, 12:26 PM ET
- Size
- 19.8 KB