4//SEC Filing
HUNT JOHN 4
Accession 0001144204-09-044191
CIK 0001311926other
Filed
Aug 16, 8:00 PM ET
Accepted
Aug 17, 4:16 PM ET
Size
24.4 KB
Accession
0001144204-09-044191
Insider Transaction Report
Form 4
HUNT JOHN
Director
Transactions
- Disposition to Issuer
Common Stock
2009-08-13$0.92/sh−1,965,087$1,807,880→ 0 total(indirect: See Footnote) - Disposition to Issuer
Series C-1 Convertible Preferred Stock
2009-08-13−15,000→ 0 total(indirect: See Footnote)Exercise: $2.01→ Common Stock (7,462,687 underlying) - Disposition to Issuer
Stock Purchase Warrant
2009-08-13−1,000,000→ 0 total(indirect: See Footnote)Exercise: $2.11Exp: 2015-08-17→ Common Stock (1,000,000 underlying) - Disposition to Issuer
Stock Appreciation Rights
2009-08-13−10,000→ 0 total(indirect: See Footnote)Exercise: $1.75Exp: 2011-07-31→ Common Stock (10,000 underlying) - Disposition to Issuer
Series D Convertible Preferred Stock
2009-08-13−5,000→ 0 total(indirect: See Footnote)Exercise: $1.67→ Common Stock (2,994,011 underlying) - Disposition to Issuer
Stock Purchase Warrant
2009-08-13−333,333→ 0 total(indirect: See Footnote)Exercise: $1.84Exp: 2016-08-15→ Common Stock (333,333 underlying) - Disposition to Issuer
Stock Appreciation Rights
2009-08-13−10,000→ 0 total(indirect: See Footnote)Exercise: $2.13Exp: 2012-07-31→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock Appreciation Rights
2009-08-13−5,000→ 0 total(indirect: See Footnote)Exercise: $1.90Exp: 2012-10-01→ Common Stock (5,000 underlying) - Disposition to Issuer
Stock Appreciation Rights
2009-08-13−15,000→ 0 total(indirect: See Footnote)Exercise: $1.00Exp: 2013-07-31→ Common Stock (15,000 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to a merger agreement between the issuer, Steel Holdings, Inc. and its wholly owned subsidiary in consideration of the common stock merger consideration, and includes 2,334 restricted stock units that were accelerated and cancelled in the merger in exchange for the right to receive the common stock merger consideration price of $0.92 for each share subject to issuance upon settlement of such stock-based award.
- [F2]The reported securities are owned directly by ABRY Mezzanine Partners, L.P. ("ABRY"). The general partner of ABRY is ABRY Mezzanine Investors, L.P. ("ABRY Investors"). ABRY Investors' general partner is ABRY Mezzanine Holdings, LLC ("ABRY Holdings") whose managing partner is Royce Yudkoff. An Investment Committee of ABRY Holdings exercises exclusive decision making authority with respect to investments by ABRY. John Hunt acts a director of the Issuer on behalf of ABRY and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein by virtue of his ownership interest in ABRY. ABRY also may be deemed a director by virtue of its right to nominate a representative to serve on SoftBrands' Board of Directors.
- [F3]Disposed of pursuant to the merger agreement in consideration of $1,000 per share of Preferred Stock, plus an amount equal to any accrued but unpaid dividends, without interest.
- [F4]Each share of Preferred Stock is convertible at any time at the holder's option and, subject to satisfaction of current conditions, may be redeemed by the Issuer at any time after August 17, 2007.
- [F5]The warrant was cancelled for no value in connection with the merger.
- [F6]This stock appreciation right was cancelled for no value in connection with the merger
Documents
Issuer
SoftBrands, Inc.
CIK 0001311926
Entity typeother
Related Parties
1- filerCIK 0001182033
Filing Metadata
- Form type
- 4
- Filed
- Aug 16, 8:00 PM ET
- Accepted
- Aug 17, 4:16 PM ET
- Size
- 24.4 KB