4//SEC Filing
Francis, John P. 4
Accession 0001144204-10-035455
CIK 0000812301other
Filed
Jun 27, 8:00 PM ET
Accepted
Jun 28, 8:24 PM ET
Size
9.4 KB
Accession
0001144204-10-035455
Insider Transaction Report
Form 4
Francis, John P.
Director10% Owner
Transactions
- Purchase
Series B Preferred Convertible Stock
2010-06-24+10,000→ 10,000 total(indirect: Through CPL)Exercise: $0.75→ Common Stock (1,333,333 underlying)
Francis Capital Management, LLC
10% Owner
Transactions
- Purchase
Series B Preferred Convertible Stock
2010-06-24+10,000→ 10,000 total(indirect: Through CPL)Exercise: $0.75→ Common Stock (1,333,333 underlying)
Footnotes (3)
- [F1]On June 24, 2010, the reporting persons acquired 10,000 shares of the Series B Convertible Preferred Stock at a stated value of $100.00 per share. Each share of such preferred stock is convertible into that number of shares of common stock of the issuer equal to the stated value divided by $0.75. The conversion may occur at any time after the issue date, subject to limitations on the ability of the reporting person to convert the preferred stock if such conversion would cause the reporting persons together with certain related persons to beneficially own more than 4.9% of the issuer's equity securities (such limit being increasable to 9.9% upon notice to the issuer effective more than 60 days after the notice).
- [F2]The preferred stock is not redeemable and is not mandatorily convertible upon a fixed date (however it shall automatically convert upon the issuer achieving certain financial benchmarks or the issuer's common stock achieving certain trading benchmarks) and therefore may be deemed a perpetual preferred (i.e., without an expiration date) for purposes of this Form 4.
- [F3]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.
Documents
Issuer
Patient Safety Technologies, Inc
CIK 0000812301
Entity typeother
Related Parties
1- filerCIK 0001480019
Filing Metadata
- Form type
- 4
- Filed
- Jun 27, 8:00 PM ET
- Accepted
- Jun 28, 8:24 PM ET
- Size
- 9.4 KB