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Home/Filings/4/0001144204-10-010385
4//SEC Filing

Francis, John P. 4

Accession 0001144204-10-010385

CIK 0000812301other
View on SEC.govCompany Profile

Filed

Feb 25, 7:00 PM ET

Accepted

Feb 26, 4:29 PM ET

Size

26.7 KB

Accession

0001144204-10-010385

Insider Transaction Report

Form 4
Period: 2009-01-29
Patient Safety Technologies, IncPSTX.OB
Francis Capital Management, LLC
10% Owner
Transactions
  • Other

    Common Stock Warrants (right to buy)

    2009-07-29−165,000→ 0 total
    Exercise: $1.00From: 2009-01-29Exp: 2014-01-29→ Common Stock (165,000 underlying)
  • Other

    Common Stock

    2009-07-29+1,070,760→ 1,718,864 total(indirect: Through CPL)
  • Other

    Common Stock

    2009-07-29+783,240→ 1,335,336 total(indirect: Through COL)
  • Other

    Common Stock Warrants (right to buy)

    2009-01-29+165,000→ 165,000 total(indirect: Through COL)
    Exercise: $1.00From: 2009-01-29Exp: 2014-01-29→ Common Stock (165,000 underlying)
  • Other

    Common Stock

    2009-07-29+80,640→ 152,640 total(indirect: Through FCM)
  • Other

    Common Stock Warrants (right to buy)

    2009-01-29+345,000→ 345,000 total(indirect: Through CPL)
    Exercise: $1.00From: 2009-01-29Exp: 2014-01-29→ Common Stock (345,000 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2009-07-29−345,000→ 0 total
    Exercise: $1.00From: 2009-01-29Exp: 2014-01-29→ Common Stock (345,000 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2009-07-29−388,800→ 0 total
    Exercise: $1.40From: 2007-10-17Exp: 2012-10-17→ Common Stock (388,800 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2009-07-29−43,200→ 0 total
    Exercise: $1.40From: 2007-10-17Exp: 2012-10-17→ Common Stock (43,200 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2009-07-29−331,200→ 0 total
    Exercise: $1.40From: 2007-10-17Exp: 2012-10-17→ Common Stock (331,200 underlying)
Francis, John P.
Director10% Owner
Transactions
  • Other

    Common Stock Warrants (right to buy)

    2009-01-29+345,000→ 345,000 total(indirect: Through CPL)
    Exercise: $1.00From: 2009-01-29Exp: 2014-01-29→ Common Stock (345,000 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2009-07-29−345,000→ 0 total
    Exercise: $1.00From: 2009-01-29Exp: 2014-01-29→ Common Stock (345,000 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2009-07-29−165,000→ 0 total
    Exercise: $1.00From: 2009-01-29Exp: 2014-01-29→ Common Stock (165,000 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2009-07-29−43,200→ 0 total
    Exercise: $1.40From: 2007-10-17Exp: 2012-10-17→ Common Stock (43,200 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2009-07-29−388,800→ 0 total
    Exercise: $1.40From: 2007-10-17Exp: 2012-10-17→ Common Stock (388,800 underlying)
  • Other

    Common Stock Warrants (right to buy)

    2009-07-29−331,200→ 0 total
    Exercise: $1.40From: 2007-10-17Exp: 2012-10-17→ Common Stock (331,200 underlying)
  • Other

    Common Stock

    2009-07-29+80,640→ 152,640 total(indirect: Through FCM)
  • Other

    Common Stock

    2009-07-29+1,070,760→ 1,718,864 total(indirect: Through CPL)
  • Other

    Common Stock

    2009-07-29+783,240→ 1,335,336 total(indirect: Through COL)
  • Other

    Common Stock Warrants (right to buy)

    2009-01-29+165,000→ 165,000 total(indirect: Through COL)
    Exercise: $1.00From: 2009-01-29Exp: 2014-01-29→ Common Stock (165,000 underlying)
Footnotes (4)
  • [F1]John P. Francis has voting and investment control over securities held by Francis Capital Management, LLC ("FCM"). Francis Capital Management, LLC acts as the investment manager for Catalysis Partners, LLC ("CPL") and for Catalysis Offshore, Ltd. ("COL"). Each reporting person disclaims beneficial ownership of these securities except to the extent of his or its pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
  • [F2]On July 29, 2009, the reporting persons acquired an aggregate of 1,934,640 shares of common stock for approximately $1,663,790 in aggregate consideration (which included the tender of outstanding warrants and approximately $534,464 in cash) as part of the private placement described in the issuer's current report on Form 8-K filed on August 3, 2009. FCM tendered warrants to acquire an aggregate 43,200 shares of common stock and $22,562 cash; CPL tendered warrants to acquire an aggregate 733,800 shares of common stock and $294,968 cash and COL tendered warrants to acquire an aggregate 496,200 shares of common stock and $216,933 cash.
  • [F3]These warrants were tendered to the issuer as consideration in connection with the July 29, 2009 private placement by the issuer described in the issuer's Form 8-K filed on August 3, 2009.
  • [F4]These warrants were acquired pursuant to the Senior Secured Note and Warrant Purchase Agreement described in the issuer's Form 8-K filed on February 3, 2009, pursuant to which COL and CPL acquired new senior secured notes and warrants in exchange for the conversion of an aggregate $550,000 of outstanding principal and interest and an additional cash contribution.

Documents

1 file

Issuer

Patient Safety Technologies, Inc

CIK 0000812301

→
Entity typeother

Related Parties

1
  • filerCIK 0001480019

Filing Metadata

Form type
4
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 4:29 PM ET
Size
26.7 KB
View on SEC.gov