4//SEC Filing
TELETOUCH COMMUNICATIONS INC 4
Accession 0001144204-13-033036
CIK 0000928659operating
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 8:48 PM ET
Size
8.1 KB
Accession
0001144204-13-033036
Insider Transaction Report
Form 4
TELETOUCH COMMUNICATIONS INCTLLE.OB
KLEBERG SCOTT M
Director
Transactions
- Other
Put Option (Option to sell)
2013-05-30−10,000,000→ 10,000,000 total(indirect: See footnote)Exercise: $1.00From: 2013-05-30Exp: 2014-02-28→ Common Stock (10,000,000 underlying)
Holdings
- 11,740,000(indirect: See footnote)
Common Stock
Footnotes (3)
- [F1]The shares of common stock were acquired and are owned directly by Retail & Restaurant Growth Capital, L.P., a Delaware limited partnership ("RRGC"), in the August 2011 transaction with TLL Partners LLC ("TLLP"), the majority holder of the Company's outstanding securities at that time, as disclosed in the Company's public filings and RRGC's Schedule 13D filings, as amended to date. The reported securities are owned indirectly by (i) Retail & Restaurant Growth Partners, L.P. ("RRGC GP"), as the general partner of RRGC and (ii) Retail & Restaurant Growth Management, Inc., as the general partner of RRGC GP ("RRGC Corp."). Mr. Kleberg is a member of the Board of Directors of RRGC Corp. and is a limited partner of RRGC. (continued in footnote 2)
- [F2](continued from footnote 1) As a result, Mr. Kleberg may be deemed to have shared power to vote, or direct the disposition of, and to dispose, or direct the disposition of, the common stock held of record by RRGC. He disclaims beneficial ownership of such securities and this report is not an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.
- [F3]On August 18, 2011, as part of RRGC's acquisition of 10,000,000 shares of Common Stock of the issuer from TTLP, the shares became subject to a call option permitting TLLP for a period of 15 months to purchase some or all of such shares at an exercise price of $1 per share. The call option expired on November 16, 2012. The shares then became subject to a put option permitting RRGC to sell to TLLP for 30 days following the expiration of the call option some or all of such shares then held by RRGC at an exercise price of $1 per share. On May 30, 2013, TLLP and RRGC agreed, without any additional payment, to extend the put option until February 28, 2014.
Documents
Issuer
TELETOUCH COMMUNICATIONS INC
CIK 0000928659
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000928659
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 8:48 PM ET
- Size
- 8.1 KB