4//SEC Filing
TELETOUCH COMMUNICATIONS INC 4
Accession 0001144204-13-033037
CIK 0000928659operating
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 8:50 PM ET
Size
8.3 KB
Accession
0001144204-13-033037
Insider Transaction Report
Form 4
TELETOUCH COMMUNICATIONS INCTLLE.OB
KNICKEL DAVID WILLIAM
Director
Transactions
- Other
Put Option (Option to sell)
2013-05-30−15,000,000→ 15,000,000 total(indirect: See footnote)Exercise: $1.00From: 2013-05-30Exp: 2014-02-28→ Common Stock (15,000,000 underlying)
Holdings
- 17,610,000(indirect: See footnote)
Common Stock
Footnotes (3)
- [F1]The shares of the Company's common stock were acquired and are owned directly by Stratford Capital Partners, L.P., a Texas limited partnership ("Stratford") in the August 2011 transaction with TLLP Partners L.L.C ("TLLP"), the majority holder of the Company's outstanding securities at that time, as disclosed in the Company's public filings and Stratford's Schedule 13D filings, as amended to date (the "August 2011 Transaction"). The shares are owned indirectly by (i) Stratford Capital GP Associates, L.P., as the general partner of Stratford ("Stratford GP"), and (ii) Stratford Capital Corporation, as the general partner of Stratford Capital GP Associates, L.P. ("Stratford Corp."). Mr. Knickel is an executive officer of Stratford Corp. (continued in footnote 2)
- [F2](continued from footnote 1) As a result of Stratford GP being the general partner of Stratford and Stratford Corp. being the general partner of Stratford GP, Mr. Knickel may be deemed to have a shared power to vote, or direct the disposition of, and to dispose, or direct the disposition of, the common stock held of record by Stratford. 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 15,000,000 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, 8:50 PM ET
- Size
- 8.3 KB