MedPro Safety Products, Inc. 4
4 · MedPro Safety Products, Inc. · Filed Jun 24, 2013
Insider Transaction Report
Form 4
VISION CAPITAL ADVISORS, LLC
10% Owner
Transactions
- Award
Series D Convertible Preferred Stock (par value $0.01)
2013-06-20+1,238→ 109,608 total(indirect: By Vision Opportunity Master Fund, Ltd.)Exercise: $3.00→ Common Stock ($0.001 par value) (20,633 underlying)
Footnotes (4)
- [F1]Vision Opportunity Master Fund, Ltd. (the "Fund") is the direct owner of the subject securities. Vision Capital Advisors, LLC (the "Investment Manager") serves as investment manager to the Fund. Adam Benowitz is the Managing Member of the Investment Manager. The Investment Manager also serves as investment manager to Vision Capital Advantage Fund, L.P. ("VCAF"). VCAF GP, LLC (the "General Partner") serves as general partner of VCAF; the Managing Member of the General Partner is Adam Benowitz. Carl Kleidman and Andrew Merkatz currently serve as the Fund's and VCAF's representatives 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. (continued in Footnote 2)
- [F2]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.
- [F3]The Series D Convertible Preferred Stock is convertible at any time, at the Fund's election, and has no expiration date.
- [F4]The Series D Convertible Preferred Stock was issued for no additional consideration in connection with a drawdown by the Issuer of $55,000 pursuant to a $4,285,000 Series D Senior Secured Promissory Note issued to the Fund by the Issuer.