4//SEC Filing
FALIKS AVIEL 4
Accession 0001144204-13-021381
CIK 0000932699other
Filed
Apr 10, 8:00 PM ET
Accepted
Apr 11, 5:49 PM ET
Size
13.0 KB
Accession
0001144204-13-021381
Insider Transaction Report
Form 4
FALIKS AVIEL
Director
Transactions
- Other
Common Stock
2013-03-31$0.68/sh+18,332$12,431→ 75,603 total(indirect: See Footnote) - Conversion
Additional Investment Right (right to buy)
2013-03-28−16.33→ 0 total(indirect: See Footnote)From: 2013-03-28Exp: 2013-03-31→ Common Stock (816,666 underlying) - Conversion
10% Convertible Preferred Stock
2013-03-28+16.33→ 65.33 total(indirect: See Footnote)Exercise: $0.40From: 2013-03-28→ Common Stock (408,333 underlying) - Conversion
Common Stock Warrants (right to buy)
2013-03-28+408,333→ 1,633,333 total(indirect: See Footnote)Exercise: $0.50From: 2013-03-28Exp: 2018-09-28→ Common Stock (408,333 underlying)
Footnotes (2)
- [F1]SMC Employees Partnership ("SMC EP") received 18,332 shares of the Issuer's common stock as a payment-in-kind dividend on 65.33 shares of the Issuer's 10% Convertible Preferred Stock ("Preferred Stock") owned at the time of the dividend payment date. Mr. Faliks is a partner in SMC EP and pursuant to Rule 16a-1 of the Securities Exchange Act of 1934, as amended, he may be deemed to be the beneficial owner of any securities reported herein that are beneficially owned by SMC EP. Mr. Weston disclaims beneficial ownership with respect to any shares of common stock except to the extent of his pecuniary interest therein.
- [F2]On March 28, 2013, SMC EP exercised an additional investment right ("AIR") issued to SMC EP as part of an investment in the Issuer that closed on April 30, 2012. Pursuant to the terms of the AIR, in exchange for an aggregate exercise price of $163,333.33, SMC EP received an additional 16.33 shares of Preferred Stock, which are convertible into 408,333 shares of the Issuer's common stock ("Common Stock"), and Common Stock purchase warrants exercisable for 408,333 shares of Common Stock (the "Warrants"). The Warrants expire on September 28, 2018 and the Preferred Stock has no expiration date.
Documents
Issuer
AMERICAN POWER GROUP Corp
CIK 0000932699
Entity typeother
Related Parties
1- filerCIK 0001271966
Filing Metadata
- Form type
- 4
- Filed
- Apr 10, 8:00 PM ET
- Accepted
- Apr 11, 5:49 PM ET
- Size
- 13.0 KB