4//SEC Filing
SARGENT HENRY B III 4
Accession 0001144204-10-054353
CIK 0001077800other
Filed
Oct 18, 8:00 PM ET
Accepted
Oct 19, 10:51 AM ET
Size
7.6 KB
Accession
0001144204-10-054353
Insider Transaction Report
Form 4
SARGENT HENRY B III
Director
Transactions
- Award
Common Stock
2010-10-14$0.03/sh+985,299$29,559→ 1,418,919 total(indirect: See Footnotes)
Holdings
- 19,636,429(indirect: See Footnote)
Common Stock
Footnotes (3)
- [F1]Common Stock of issuer purchased by the Reporting Person from unaffiliated shareholder pursuant to a stock purchase agreement.
- [F2]Reporting Person beneficially owns 1,418,919 shares of Issuer's common stock, of which 1,175,902 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 Capital"), 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 13,170,173 shares of Issuer's Common Stock. Southridge Capital is the record holder, held for the benefit of Aberdeen, of 3,274,639 shares of common stock. Southshore is the beneficial owner of an aggregate of 1,072,257 shares of Issuer's Common Stock. Aberdeen is beneficial owner of an aggregate of 5,089,421 shares of Issuer's Common Stock, or which it is the record holder of 1,814,782 shares. 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
- Oct 18, 8:00 PM ET
- Accepted
- Oct 19, 10:51 AM ET
- Size
- 7.6 KB