CRDENTIA CORP 4

Accession 0001144204-08-039254

CIK 0001073857operating

View on SEC.gov Company Profile

Filed

Jul 8, 8:00 PM ET

Accepted

Jul 9, 5:31 PM ET

Size

17.3 KB

Accession

0001144204-08-039254

Insider Transaction Report

Form 4

Period: 2008-07-07

CRDENTIA CORPCRDT.OB

ComVest Group Holdings, LLC

10% Owner

Transactions

Other
Warrant
2008-07-07−8,000,000→ 0 total
Exercise: $0.00From: 2008-08-22Exp: 2012-02-29→ Common Stock (8,000,000 underlying)
Other
Warrant
2008-07-07+525,000→ 13,858,333 total
Exercise: $0.35From: 2008-07-07Exp: 2013-06-30→ Common Stock (525,000 underlying)
Other
Convertible Term Note
2008-07-07+4,000,000→ 13,858,333 total
Exercise: $0.30From: 2008-07-07Exp: 2011-02-28→ Common Stock (13,333,333 underlying)

COMVEST CAPITAL MANAGEMENT LLC

10% Owner

Transactions

Other
Convertible Term Note
2008-07-07+4,000,000→ 13,858,333 total
Exercise: $0.30From: 2008-07-07Exp: 2011-02-28→ Common Stock (13,333,333 underlying)
Other
Warrant
2008-07-07−8,000,000→ 0 total
Exercise: $0.00From: 2008-08-22Exp: 2012-02-29→ Common Stock (8,000,000 underlying)
Other
Warrant
2008-07-07+525,000→ 13,858,333 total
Exercise: $0.35From: 2008-07-07Exp: 2013-06-30→ Common Stock (525,000 underlying)

FALK MICHAEL

10% Owner

Transactions

Other
Warrant
2008-07-07+525,000→ 13,858,333 total
Exercise: $0.35From: 2008-07-07Exp: 2013-06-30→ Common Stock (525,000 underlying)
Other
Convertible Term Note
2008-07-07+4,000,000→ 13,858,333 total
Exercise: $0.30From: 2008-07-07Exp: 2011-02-28→ Common Stock (13,333,333 underlying)
Other
Warrant
2008-07-07−8,000,000→ 0 total
Exercise: $0.00From: 2008-08-22Exp: 2012-02-29→ Common Stock (8,000,000 underlying)

ComVest Capital, LLC

10% Owner

Transactions

Other
Warrant
2008-07-07−8,000,000→ 0 total
Exercise: $0.00From: 2008-08-22Exp: 2012-02-29→ Common Stock (8,000,000 underlying)
Other
Convertible Term Note
2008-07-07+4,000,000→ 13,858,333 total
Exercise: $0.30From: 2008-07-07Exp: 2011-02-28→ Common Stock (13,333,333 underlying)
Other
Warrant
2008-07-07+525,000→ 13,858,333 total
Exercise: $0.35From: 2008-07-07Exp: 2013-06-30→ Common Stock (525,000 underlying)

Footnotes (4)

[F1]On July 7, 2008, the Reporting Person sold to Crdentia Corp. (the "Issuer") and the Issuer redeemed from the Reporting Person a warrant to purchase 8,000,000 shares of Common Stock for an aggregate price of $2,400,000.
[F2]On July 7, 2008, the Issuer and the Reporting Person entered into that certain Amended and Restated Revolving Credit and Term Loan Agreement, pursuant to which the Reporting Person loaned the Issuer an additional $1,500,000 (which was added to a previously non-convertible $2,500,000 term note) and received an Amended and Restated Term Note (the "Note") originally convertible into 13,333,333 shares of Common Stock of the Issuer and a warrant to purchase 525,000 shares of Common Stock. The Note bears interest at a rate of 12.5% per annum which is capitalized monthly, commencing on July 1, 2008, which interest is then added to the outstanding principal amount of the Note. At the option of the holder, the principle and accrued interest of the Note may be converted into shares of Common Stock at the conversion price.
[F3]The Reporting Person is a Delaware limited liability company. The managing member of the Reporting Person is ComVest Capital Management LLC ("Management"). ComVest Group Holdings, LLC ("CGH") is the managing member of Management and Michael Falk ("Falk") is the Chairman and principal member of CGH. Management, CGH and Falk, all of whom maintain offices at the same address as the Reporting Person, are filing this Form 4 jointly with the Reporting Person. As of the date hereof, the Reporting Person directly beneficially owns 13,858,333 derivative securities of the issuer. Management, as managing member of the Reporting Person, indirectly beneficially owns such securities. CGH, as the managing member of Management, indirectly beneficially owns such securities. (continued on footnote 4)
[F4]Falk, by virtue of his status as Chairman and principal member of CGH, may be deemed to have indirect beneficial ownership of the securities owned by the Reporting Person. However, Falk disclaims any beneficial ownership of such securities, and the filing of this Form 4 shall not be deemed an admission that Falk is, for purposes of Section 16 of the Securities Exchange Act or otherwise, the beneficial owner of any securities covered by this Form 4.

Documents

1 file

4
v119513_ex.xmlPrimary

Issuer

CRDENTIA CORP

CIK 0001073857

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001073857

Filing Metadata

Form type: 4
Filed: Jul 8, 8:00 PM ET
Accepted: Jul 9, 5:31 PM ET
Size: 17.3 KB

View on SEC.gov