Earnings Feed
Sign Up
Home/Filings/4/0001144204-12-069283
4//SEC Filing

BENOWITZ ADAM 4

Accession 0001144204-12-069283

CIK 0001364896other
View on SEC.govCompany Profile

Filed

Dec 20, 7:00 PM ET

Accepted

Dec 21, 4:07 PM ET

Size

26.8 KB

Accession

0001144204-12-069283

Insider Transaction Report

Form 4
Period: 2012-12-18
MedPro Safety Products, Inc.MPSP
VISION CAPITAL ADVISORS, LLC
10% Owner
Transactions
  • Exercise/Conversion

    Common Stock ($0.001 par value)

    2012-12-18+4,948,226→ 5,234,316 total(indirect: By Vision Capital Advantage Fund, L.P.)
  • Exercise/Conversion

    Series B Convertible Preferred Stock (par value $0.01)

    2012-12-18$2.18/sh−1,153,001$2,513,542→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)
    Exercise: $2.18→ Common Stock ($0.001 par value) (4,612,010 underlying)
  • Exercise/Conversion

    Series C Convertible Preferred Stock (par value $0.01)

    2012-12-18$21.80/sh−1,213,010$26,443,618→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)
    → Common Stock ($0.001 par value) (12,130,011 underlying)
  • Exercise/Conversion

    Series B Convertible Preferred Stock (par value $0.01)

    2012-12-18$2.18/sh−340,777$742,894→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)
    Exercise: $2.18→ Common Stock ($0.001 par value) (1,363,106 underlying)
  • Exercise/Conversion

    Common Stock ($0.001 par value)

    2012-12-18+16,742,021→ 18,395,700 total(indirect: By Vision Opportunity Master Fund, Ltd.)
  • Exercise/Conversion

    Series C Convertible Preferred Stock (par value $0.01)

    2012-12-18$21.80/sh−358,512$7,815,562→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)
    → Common Stock ($0.001 par value) (3,585,120 underlying)
BENOWITZ ADAM
10% Owner
Transactions
  • Exercise/Conversion

    Series C Convertible Preferred Stock (par value $0.01)

    2012-12-18$21.80/sh−1,213,010$26,443,618→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)
    → Common Stock ($0.001 par value) (12,130,011 underlying)
  • Exercise/Conversion

    Series B Convertible Preferred Stock (par value $0.01)

    2012-12-18$2.18/sh−1,153,001$2,513,542→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)
    Exercise: $2.18→ Common Stock ($0.001 par value) (4,612,010 underlying)
  • Exercise/Conversion

    Common Stock ($0.001 par value)

    2012-12-18+16,742,021→ 18,395,700 total(indirect: By Vision Opportunity Master Fund, Ltd.)
  • Exercise/Conversion

    Series C Convertible Preferred Stock (par value $0.01)

    2012-12-18$21.80/sh−358,512$7,815,562→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)
    → Common Stock ($0.001 par value) (3,585,120 underlying)
  • Exercise/Conversion

    Common Stock ($0.001 par value)

    2012-12-18+4,948,226→ 5,234,316 total(indirect: By Vision Capital Advantage Fund, L.P.)
  • Exercise/Conversion

    Series B Convertible Preferred Stock (par value $0.01)

    2012-12-18$2.18/sh−340,777$742,894→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)
    Exercise: $2.18→ Common Stock ($0.001 par value) (1,363,106 underlying)
VISION OPPORTUNITY MASTER FUND, LTD.
10% Owner
Transactions
  • Exercise/Conversion

    Series C Convertible Preferred Stock (par value $0.01)

    2012-12-18$21.80/sh−1,213,010$26,443,618→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)
    → Common Stock ($0.001 par value) (12,130,011 underlying)
  • Exercise/Conversion

    Common Stock ($0.001 par value)

    2012-12-18+4,948,226→ 5,234,316 total(indirect: By Vision Capital Advantage Fund, L.P.)
  • Exercise/Conversion

    Series B Convertible Preferred Stock (par value $0.01)

    2012-12-18$2.18/sh−340,777$742,894→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)
    Exercise: $2.18→ Common Stock ($0.001 par value) (1,363,106 underlying)
  • Exercise/Conversion

    Series C Convertible Preferred Stock (par value $0.01)

    2012-12-18$21.80/sh−358,512$7,815,562→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)
    → Common Stock ($0.001 par value) (3,585,120 underlying)
  • Exercise/Conversion

    Series B Convertible Preferred Stock (par value $0.01)

    2012-12-18$2.18/sh−1,153,001$2,513,542→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)
    Exercise: $2.18→ Common Stock ($0.001 par value) (4,612,010 underlying)
  • Exercise/Conversion

    Common Stock ($0.001 par value)

    2012-12-18+16,742,021→ 18,395,700 total(indirect: By Vision Opportunity Master Fund, Ltd.)
Vision Capital Advantage Fund, L.P.
10% Owner
Transactions
  • Exercise/Conversion

    Common Stock ($0.001 par value)

    2012-12-18+16,742,021→ 18,395,700 total(indirect: By Vision Opportunity Master Fund, Ltd.)
  • Exercise/Conversion

    Series B Convertible Preferred Stock (par value $0.01)

    2012-12-18$2.18/sh−340,777$742,894→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)
    Exercise: $2.18→ Common Stock ($0.001 par value) (1,363,106 underlying)
  • Exercise/Conversion

    Series C Convertible Preferred Stock (par value $0.01)

    2012-12-18$21.80/sh−358,512$7,815,562→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)
    → Common Stock ($0.001 par value) (3,585,120 underlying)
  • Exercise/Conversion

    Common Stock ($0.001 par value)

    2012-12-18+4,948,226→ 5,234,316 total(indirect: By Vision Capital Advantage Fund, L.P.)
  • Exercise/Conversion

    Series B Convertible Preferred Stock (par value $0.01)

    2012-12-18$2.18/sh−1,153,001$2,513,542→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)
    Exercise: $2.18→ Common Stock ($0.001 par value) (4,612,010 underlying)
  • Exercise/Conversion

    Series C Convertible Preferred Stock (par value $0.01)

    2012-12-18$21.80/sh−1,213,010$26,443,618→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)
    → Common Stock ($0.001 par value) (12,130,011 underlying)
VCAF GP, LLC
10% Owner
Transactions
  • Exercise/Conversion

    Series C Convertible Preferred Stock (par value $0.01)

    2012-12-18$21.80/sh−1,213,010$26,443,618→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)
    → Common Stock ($0.001 par value) (12,130,011 underlying)
  • Exercise/Conversion

    Common Stock ($0.001 par value)

    2012-12-18+16,742,021→ 18,395,700 total(indirect: By Vision Opportunity Master Fund, Ltd.)
  • Exercise/Conversion

    Common Stock ($0.001 par value)

    2012-12-18+4,948,226→ 5,234,316 total(indirect: By Vision Capital Advantage Fund, L.P.)
  • Exercise/Conversion

    Series B Convertible Preferred Stock (par value $0.01)

    2012-12-18$2.18/sh−1,153,001$2,513,542→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)
    Exercise: $2.18→ Common Stock ($0.001 par value) (4,612,010 underlying)
  • Exercise/Conversion

    Series B Convertible Preferred Stock (par value $0.01)

    2012-12-18$2.18/sh−340,777$742,894→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)
    Exercise: $2.18→ Common Stock ($0.001 par value) (1,363,106 underlying)
  • Exercise/Conversion

    Series C Convertible Preferred Stock (par value $0.01)

    2012-12-18$21.80/sh−358,512$7,815,562→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)
    → Common Stock ($0.001 par value) (3,585,120 underlying)
Kleidman Carl
Director
Transactions
  • Exercise/Conversion

    Series C Convertible Preferred Stock (par value $0.01)

    2012-12-18$21.80/sh−1,213,010$26,443,618→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)
    → Common Stock ($0.001 par value) (12,130,011 underlying)
  • Exercise/Conversion

    Series B Convertible Preferred Stock (par value $0.01)

    2012-12-18$2.18/sh−340,777$742,894→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)
    Exercise: $2.18→ Common Stock ($0.001 par value) (1,363,106 underlying)
  • Exercise/Conversion

    Common Stock ($0.001 par value)

    2012-12-18+16,742,021→ 18,395,700 total(indirect: By Vision Opportunity Master Fund, Ltd.)
  • Exercise/Conversion

    Common Stock ($0.001 par value)

    2012-12-18+4,948,226→ 5,234,316 total(indirect: By Vision Capital Advantage Fund, L.P.)
  • Exercise/Conversion

    Series B Convertible Preferred Stock (par value $0.01)

    2012-12-18$2.18/sh−1,153,001$2,513,542→ 0 total(indirect: By Vision Opportunity Master Fund, Ltd.)
    Exercise: $2.18→ Common Stock ($0.001 par value) (4,612,010 underlying)
  • Exercise/Conversion

    Series C Convertible Preferred Stock (par value $0.01)

    2012-12-18$21.80/sh−358,512$7,815,562→ 0 total(indirect: By Vision Capital Advantage Fund, L.P.)
    → Common Stock ($0.001 par value) (3,585,120 underlying)
Footnotes (6)
  • [F1]Vision Capital Advisors, LLC (the "Investment Manager") serves as investment manager to Vision Opportunity Master Fund, Ltd. (the "Fund"), the direct owner of the subject securities. Adam Benowitz is the Managing Member of the Investment Manager.
  • [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. The Investment Manager is the investment manager of VCAF designated by the General Partner. The Managing Member of the General Partner is Adam Benowitz.
  • [F3]Carl Kleidman currently serves as the Fund's and VCAF's representative on the Issuer's board of directors; the Fund 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 (the "Exchange Act"), or for any other purpose.
  • [F4]The Series B Convertible Preferred Stock is convertible at any time, at the holder's election, and has no expiration date. The holder may not acquire shares of Common Stock upon conversion of the Series B Convertible Preferred Stock to the extent that, upon conversion, the number of shares of Common Stock beneficially owned by the holder and its affiliates would exceed 9.9% of the issued and outstanding shares of Common Stock of the Issuer; provided that this restriction on conversion can be waived at any time by the holder upon 61 days notice. This restriction was waived in connection with the September 13, 2012 financing.
  • [F5]The Series C Convertible Preferred Stock is convertible on a 10:1 basis at any time, at the holder's election, and has no expiration date. The holder may not acquire shares of Common Stock upon conversion of the Series C Convertible Preferred Stock to the extent that, upon conversion, the number of shares of Common Stock beneficially owned by the holder and its affiliates would exceed 9.9% of the issued and outstanding shares of Common Stock of the Issuer; provided that this restriction on conversion can be waived at any time by the holder upon 61 days notice. This restriction was waived in connection with the September 13, 2012 financing.
  • [F6]Received upon conversion of the securities listed in Table II.

Documents

1 file

Issuer

MedPro Safety Products, Inc.

CIK 0001364896

→
Entity typeother

Related Parties

1
  • filerCIK 0001411963

Filing Metadata

Form type
4
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 4:07 PM ET
Size
26.8 KB
View on SEC.gov