4//SEC Filing
SARGENT HENRY B III 4
Accession 0001144204-09-049588
CIK 0001077800other
Filed
Sep 22, 8:00 PM ET
Accepted
Sep 23, 2:37 PM ET
Size
8.8 KB
Accession
0001144204-09-049588
Insider Transaction Report
Form 4
SARGENT HENRY B III
Director
Transactions
- Award
Common Stock
2009-09-21+130,246→ 331,766 total(indirect: See Footnotes)
Holdings
- 24,446,070(indirect: See Footnotes)
Common Stock
Footnotes (4)
- [F1]Common Stock is to be issued to the reporting person pursuant to a stock grant agreement in consideration of the reporting person's service as a director of Technest Holdings, Inc.
- [F2]Reporting Person is the managing member of Mountain West Partners LLC, which beneficially owns 190,603 shares of Issuer's Common Stock. Reporting Person is an employee of Southridge Advisors, LLC ("Southridge"), which acts as the general partner to Southridge Partners L.P, and acts as the investment advisor to Southshore Capital Fund Ltd., a Cayman Island corporation, ("Southshore"). Reporting Person is an employee of Southridge Capital Management LLC ("Southridge"), which acts as the investment sub-advisor to Aberdeen Avenue LLC, a Cayman Island limited liability company ("Aberdeen"), and Garth LLC, a Cayman Island limited liability company ("Garth"). Reporting Person disclaims beneficial ownership of all shares other than those issued to Reporting Person as a Director of the Issuer. (Continued to footnote 3)
- [F3](Continued from footnote 2) Southridge Partners is the beneficial owner of an aggregate of 17,863,850 shares of Issuer's Common Stock, which number includes 11,019,023 shares of Common Stock, 344,827 shares of the Issuer's Series C Preferred Stock, which is convertible, subject to certain restrictions, into 344,827 shares of the Issuer's Common Stock, and 1,300 shares of the Issuer's Series D Preferred Stock, which is convertible, subject to certain restrictions, into 6,500,000 shares of the Issuer's Common Stock. Southshore is the beneficial owner of an aggregate of 1,072,257 shares of Issuer's Common Stock, which number includes 977,741 shares of Common Stock, 57,467 shares of the Issuer's Series C Preferred Stock, convertible into 57,467 shares of the Issuer's Common Stock, and 111.81 shares of Series G Preferred Stock issued by Markland Technologies Inc., (Continued to footnote 4)
- [F4](Continued from footnote 3) convertible subject to certain restrictions into an additional 37,049 shares of the Issuer's Common Stock. Aberdeen is the beneficial owner of an aggregate of 5,014,782 shares of Issuer's Common Stock, which number includes 1,416,101 shares of Common Stock, 640 shares of the Issuer's Series D Preferred Stock, which is convertible, subject to certain restrictions, into 3,200,000 shares of the Issuer's Common Stock, and 1,203.18 shares of Series G Preferred Stock issued by Markland Technologies Inc., convertible subject to certain restrictions into an additional 398,681 shares of the Issuer's Common Stock. Garth is the beneficial owner of 64.631 shares of the Issuer's Series A Preferred Stock convertible in 304,578 shares of the Issuer's Common Stock.
Documents
Issuer
TECHNEST HOLDINGS INC
CIK 0001077800
Entity typeother
Related Parties
1- filerCIK 0001368041
Filing Metadata
- Form type
- 4
- Filed
- Sep 22, 8:00 PM ET
- Accepted
- Sep 23, 2:37 PM ET
- Size
- 8.8 KB