4//SEC Filing
SARGENT HENRY B III 4
Accession 0001144204-10-026098
CIK 0001077800other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 2:33 PM ET
Size
7.6 KB
Accession
0001144204-10-026098
Insider Transaction Report
Form 4
SARGENT HENRY B III
Director
Transactions
- Award
Common Stock
2010-05-06+81,193→ 433,620 total(indirect: See Footnotes)
Holdings
- 24,689,412(indirect: See Footnote)
Common Stock
Footnotes (3)
- [F1]Common Stock 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 beneficially owns 433,620 shares of Issuer's common stock, of which 190,603 shares is beneficially owned by Mountain West Partners LLC. Reporting Person is the managing member of Mountain West Partners LLC. 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.
- [F3]Southridge Partners LP is the beneficial owner of an aggregate of 18,223,156 shares of Issuer's Common Stock. Southshore is the beneficial owner of an aggregate of 1,072,257 shares of Issuer's Common Stock. Aberdeen is the beneficial owner of an aggregate of 5,089,421 shares of Issuer's Common Stock. Garth is the beneficial owner of 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
- May 10, 8:00 PM ET
- Accepted
- May 11, 2:33 PM ET
- Size
- 7.6 KB