4//SEC Filing
HICKS STEPHEN M 4
Accession 0001144204-10-054857
CIK 0001077800other
Filed
Oct 20, 8:00 PM ET
Accepted
Oct 21, 1:56 PM ET
Size
7.7 KB
Accession
0001144204-10-054857
Insider Transaction Report
Form 4
HICKS STEPHEN M
Director
Transactions
- Award
Common Stock
2010-10-21$0.03/sh+912,897$27,387→ 243,017 total
Holdings
- 21,358,562(indirect: See Footnotes)
Common Stock
Footnotes (3)
- [F1]Reporting Person beneficially owns 243,017 shares of Issuer's 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 is the President of the general partner of Trillium Partners LP. Trillium Partners LP purchased 912,897 shares of common stock of Issuer from an unaffiliated shareholder pursuant to a stock purchase agreement. Reporting Person is a Manager 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 the Manager 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 has voting and investment control over the securities held by such entities, but disclaims beneficial ownership of such 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. Trillium Partners LP is the beneficial owner of 1,379,116 shares of Issuer's Common Stock.
Documents
Issuer
TECHNEST HOLDINGS INC
CIK 0001077800
Entity typeother
Related Parties
1- filerCIK 0001368049
Filing Metadata
- Form type
- 4
- Filed
- Oct 20, 8:00 PM ET
- Accepted
- Oct 21, 1:56 PM ET
- Size
- 7.7 KB