4//SEC Filing
BENOWITZ ADAM 4
Accession 0001144204-11-031972
CIK 0001434589other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 7:49 PM ET
Size
29.2 KB
Accession
0001144204-11-031972
Insider Transaction Report
Form 4
T3 Motion, Inc.TMMME.OB
VISION CAPITAL ADVISORS, LLC
10% Owner
Transactions
- Conversion
Common Stock, par value $0.001
2011-05-19+479,222→ 567,819 total(indirect: By Vision Capital Advantage Fund, L.P.) - Conversion
Series A Convertible Preferred Stock
2011-05-19−14,903,530→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)→ Common Stock, par value $0.001 (1,860,955 underlying) - Conversion
Series A Convertible Preferred Stock
2011-05-19−3,837,866→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)→ Common Stock, par value $0.001 (479,222 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+1,138,885→ 3,509,603 total(indirect: By Vision Opportunity Master Fund, Ltd.) - Conversion
10% Senior Secured Convertible Debenture
2011-05-19→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.50Exp: 2011-06-30→ See Footnote - Conversion
Class H Warrants
2011-05-19+1,138,885→ 1,138,885 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.00From: 2011-08-19Exp: 2013-05-13→ Common Stock, par value $0.001 (1,138,885 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+1,860,955→ 2,370,718 total(indirect: By Vision Opportunity Master Fund, Ltd.) - Conversion
Class I Warrants
2011-05-19+1,138,885→ 1,138,885 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.50From: 2011-08-19Exp: 2016-05-13→ Common Stock, par value $0.001 (1,138,885 underlying)
Vision Capital Advantage Fund, L.P.
10% Owner
Transactions
- Conversion
Series A Convertible Preferred Stock
2011-05-19−14,903,530→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)→ Common Stock, par value $0.001 (1,860,955 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+1,138,885→ 3,509,603 total(indirect: By Vision Opportunity Master Fund, Ltd.) - Conversion
Series A Convertible Preferred Stock
2011-05-19−3,837,866→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)→ Common Stock, par value $0.001 (479,222 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+1,860,955→ 2,370,718 total(indirect: By Vision Opportunity Master Fund, Ltd.) - Conversion
Class I Warrants
2011-05-19+1,138,885→ 1,138,885 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.50From: 2011-08-19Exp: 2016-05-13→ Common Stock, par value $0.001 (1,138,885 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+479,222→ 567,819 total(indirect: By Vision Capital Advantage Fund, L.P.) - Conversion
Class H Warrants
2011-05-19+1,138,885→ 1,138,885 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.00From: 2011-08-19Exp: 2013-05-13→ Common Stock, par value $0.001 (1,138,885 underlying) - Conversion
10% Senior Secured Convertible Debenture
2011-05-19→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.50Exp: 2011-06-30→ See Footnote
THOMSON ROBERT
10% Owner
Transactions
- Conversion
Common Stock, par value $0.001
2011-05-19+479,222→ 567,819 total(indirect: By Vision Capital Advantage Fund, L.P.) - Conversion
Class I Warrants
2011-05-19+1,138,885→ 1,138,885 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.50From: 2011-08-19Exp: 2016-05-13→ Common Stock, par value $0.001 (1,138,885 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+1,860,955→ 2,370,718 total(indirect: By Vision Opportunity Master Fund, Ltd.) - Conversion
Series A Convertible Preferred Stock
2011-05-19−14,903,530→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)→ Common Stock, par value $0.001 (1,860,955 underlying) - Conversion
10% Senior Secured Convertible Debenture
2011-05-19→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.50Exp: 2011-06-30→ See Footnote - Conversion
Series A Convertible Preferred Stock
2011-05-19−3,837,866→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)→ Common Stock, par value $0.001 (479,222 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+1,138,885→ 3,509,603 total(indirect: By Vision Opportunity Master Fund, Ltd.) - Conversion
Class H Warrants
2011-05-19+1,138,885→ 1,138,885 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.00From: 2011-08-19Exp: 2013-05-13→ Common Stock, par value $0.001 (1,138,885 underlying)
VISION OPPORTUNITY MASTER FUND, LTD.
10% Owner
Transactions
- Conversion
Series A Convertible Preferred Stock
2011-05-19−3,837,866→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)→ Common Stock, par value $0.001 (479,222 underlying) - Conversion
Class H Warrants
2011-05-19+1,138,885→ 1,138,885 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.00From: 2011-08-19Exp: 2013-05-13→ Common Stock, par value $0.001 (1,138,885 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+1,860,955→ 2,370,718 total(indirect: By Vision Opportunity Master Fund, Ltd.) - Conversion
Class I Warrants
2011-05-19+1,138,885→ 1,138,885 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.50From: 2011-08-19Exp: 2016-05-13→ Common Stock, par value $0.001 (1,138,885 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+479,222→ 567,819 total(indirect: By Vision Capital Advantage Fund, L.P.) - Conversion
Series A Convertible Preferred Stock
2011-05-19−14,903,530→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)→ Common Stock, par value $0.001 (1,860,955 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+1,138,885→ 3,509,603 total(indirect: By Vision Opportunity Master Fund, Ltd.) - Conversion
10% Senior Secured Convertible Debenture
2011-05-19→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.50Exp: 2011-06-30→ See Footnote
VCAF GP, LLC
10% Owner
Transactions
- Conversion
Series A Convertible Preferred Stock
2011-05-19−14,903,530→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)→ Common Stock, par value $0.001 (1,860,955 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+1,138,885→ 3,509,603 total(indirect: By Vision Opportunity Master Fund, Ltd.) - Conversion
Common Stock, par value $0.001
2011-05-19+1,860,955→ 2,370,718 total(indirect: By Vision Opportunity Master Fund, Ltd.) - Conversion
Series A Convertible Preferred Stock
2011-05-19−3,837,866→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)→ Common Stock, par value $0.001 (479,222 underlying) - Conversion
Class H Warrants
2011-05-19+1,138,885→ 1,138,885 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.00From: 2011-08-19Exp: 2013-05-13→ Common Stock, par value $0.001 (1,138,885 underlying) - Conversion
10% Senior Secured Convertible Debenture
2011-05-19→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.50Exp: 2011-06-30→ See Footnote - Conversion
Class I Warrants
2011-05-19+1,138,885→ 1,138,885 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.50From: 2011-08-19Exp: 2016-05-13→ Common Stock, par value $0.001 (1,138,885 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+479,222→ 567,819 total(indirect: By Vision Capital Advantage Fund, L.P.)
BENOWITZ ADAM
10% Owner
Transactions
- Conversion
Common Stock, par value $0.001
2011-05-19+479,222→ 567,819 total(indirect: By Vision Capital Advantage Fund, L.P.) - Conversion
Class H Warrants
2011-05-19+1,138,885→ 1,138,885 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.00From: 2011-08-19Exp: 2013-05-13→ Common Stock, par value $0.001 (1,138,885 underlying) - Conversion
Common Stock, par value $0.001
2011-05-19+1,860,955→ 2,370,718 total(indirect: By Vision Opportunity Master Fund, Ltd.) - Conversion
Common Stock, par value $0.001
2011-05-19+1,138,885→ 3,509,603 total(indirect: By Vision Opportunity Master Fund, Ltd.) - Conversion
Class I Warrants
2011-05-19+1,138,885→ 1,138,885 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.50From: 2011-08-19Exp: 2016-05-13→ Common Stock, par value $0.001 (1,138,885 underlying) - Conversion
Series A Convertible Preferred Stock
2011-05-19−3,837,866→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)→ Common Stock, par value $0.001 (479,222 underlying) - Conversion
Series A Convertible Preferred Stock
2011-05-19−14,903,530→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)→ Common Stock, par value $0.001 (1,860,955 underlying) - Conversion
10% Senior Secured Convertible Debenture
2011-05-19→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.50Exp: 2011-06-30→ See Footnote
Footnotes (5)
- [F1]Vision Capital Advisors, LLC (the "Investment Manager") serves as investment manager to Vision Opportunity Master Fund, Ltd. ("VOMF"), the direct owner of the subject securities. Adam Benowitz is the Managing Member of the Investment Manager and a Director of VOMF. Robert Thomson currently serves as VOMF's and VCAF's (as defined below) representative on the Issuer's board of directors; VOMF and VCAF may be deemed a director by virtue of their right to appoint a director. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or for any other purpose.
- [F2]VCAF GP, LLC (the "General Partner") serves as general partner of Vision Capital Advantage Fund, L.P. ("VCAF"), the direct owner of the subject securities. Adam Benowitz is the Managing Member of the General Partner. The Investment Manager also serves as investment manager to VCAF. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Exchange Act or for any other purpose.
- [F3]The Series A Convertible Preferred Stock converted into the Issuer's Common Stock on a 1-for-2.497334046 basis.
- [F4]Reflects the one-for-10 reverse stock split of the Issuer's Common Stock on May 16, 2011.
- [F5]On May 9, 2011, the Issuer and VOMF amended the Issuer's 10% Senior Secured Convertible Debenture ("Debenture") to reinstate the conversion provisions of the Debenture which had been deleted in their entirety pursuant to a March 31, 2011 amendment. On May 19, 2011, VOMF converted the entire $3,500,000 Debenture (plus $486,098 in accrued interest) into 1,138,885 units of the Issuer. Each unit consists of 1 share of Common Stock, one Class H Warrant and one Class I Warrant.
Documents
Issuer
T3 Motion, Inc.
CIK 0001434589
Entity typeother
Related Parties
1- filerCIK 0001411963
Filing Metadata
- Form type
- 4
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 7:49 PM ET
- Size
- 29.2 KB