4//SEC Filing
PRIDDY ROBERT L 4
Accession 0001144204-10-031127
CIK 0000894556other
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 12:26 PM ET
Size
17.5 KB
Accession
0001144204-10-031127
Insider Transaction Report
Form 4
CVC CALIFORNIA LLC
10% Owner
Transactions
- Other
Warrant
2010-02-26−2,700,000→ 0 totalExercise: $0.01From: 2008-09-04Exp: 2014-08-31→ Common Stock (2,700,000 underlying) - Other
Convertible Note
2010-02-26−2,166,666→ 0 totalExercise: $0.60From: 2008-09-04Exp: 2014-08-31→ Common Stock (2,700,000 underlying) - Other
Common Stock
2010-02-26+3,750,000→ 4,350,000 total
FALK MICHAEL
10% Owner
Transactions
- Other
Warrant
2010-02-26−2,700,000→ 0 totalExercise: $0.01From: 2008-09-04Exp: 2014-08-31→ Common Stock (2,700,000 underlying) - Other
Common Stock
2010-02-26+3,750,000→ 4,350,000 total - Other
Convertible Note
2010-02-26−2,166,666→ 0 totalExercise: $0.60From: 2008-09-04Exp: 2014-08-31→ Common Stock (2,700,000 underlying)
COMVEST CAPITAL MANAGEMENT LLC
10% Owner
Transactions
- Other
Warrant
2010-02-26−2,700,000→ 0 totalExercise: $0.01From: 2008-09-04Exp: 2014-08-31→ Common Stock (2,700,000 underlying) - Other
Convertible Note
2010-02-26−2,166,666→ 0 totalExercise: $0.60From: 2008-09-04Exp: 2014-08-31→ Common Stock (2,700,000 underlying) - Other
Common Stock
2010-02-26+3,750,000→ 4,350,000 total
PRIDDY ROBERT L
10% Owner
Transactions
- Other
Convertible Note
2010-02-26−2,166,666→ 0 totalExercise: $0.60From: 2008-09-04Exp: 2014-08-31→ Common Stock (2,700,000 underlying) - Other
Common Stock
2010-02-26+3,750,000→ 4,350,000 total - Other
Warrant
2010-02-26−2,700,000→ 0 totalExercise: $0.01From: 2008-09-04Exp: 2014-08-31→ Common Stock (2,700,000 underlying)
ComVest Capital, LLC
10% Owner
Transactions
- Other
Warrant
2010-02-26−2,700,000→ 0 totalExercise: $0.01From: 2008-09-04Exp: 2014-08-31→ Common Stock (2,700,000 underlying) - Other
Common Stock
2010-02-26+3,750,000→ 4,350,000 total - Other
Convertible Note
2010-02-26−2,166,666→ 0 totalExercise: $0.60From: 2008-09-04Exp: 2014-08-31→ Common Stock (2,700,000 underlying)
Footnotes (3)
- [F1]On February 26, 2010, the Issuer sold certain business assets, and a majority of the proceeds of such sale were used to repay the Convertible Note held by CVC California, LLC (the "Reporting Person"). At the same time, the Reporting Person exercised its right to require the Issuer to repurchase its outstanding Warrant for an aggregate purchase price of $2,000,000, of which $500,000 was paid in cash out of the proceeds of the asset sale, and the remaining amount was paid to the Reporting Person through the issuance of 3,750,000 shares of common stock of the Issuer.
- [F2]As of the date hereof, the Reporting Person, directly beneficially owns the securities identified herein. ComVest Capital, LLC ("Capital") indirectly beneficially owns the securities listed herein by virtue of the fact that Capital is the sole member and the managing member of the Reporting Person. ComVest Capital Management LLC ("Management") indirectly beneficially owns the securities listed herein by virtue of the fact that Management is the managing member of Capital. Michael S. Falk and Robert Priddy indirectly beneficially owns the securities listed herein by virtue of the fact that Mr. Falk and Mr. Priddy are the managing members of Management.
- [F3]However, Mr. Falk and Mr. Priddy disclaim any beneficial ownership of such securities, and the filing of this Form 4 shall not be deemed an admission that Mr. Falk or Mr. Priddy are, for purposes of Section 16 of the Securities Exchange Act or otherwise, the beneficial owners of any securities covered by this Form 4.
Documents
Issuer
GENERAL ENVIRONMENTAL MANAGEMENT, INC
CIK 0000894556
Entity typeother
Related Parties
1- filerCIK 0000923232
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 12:26 PM ET
- Size
- 17.5 KB