4//SEC Filing
Boomerang Systems, Inc. 4
Accession 0001144204-14-065071
CIK 0000314712operating
Filed
Nov 3, 7:00 PM ET
Accepted
Nov 4, 6:23 PM ET
Size
38.8 KB
Accession
0001144204-14-065071
Insider Transaction Report
Form 4
MULVIHILL GAIL
10% Owner
Transactions
- Tax Payment
Warrants (right to buy)
2014-10-31−75,986→ 0 total(indirect: By LLC)Exercise: $3.95From: 2011-11-01Exp: 2016-11-01→ Common Stock (75,986 underlying) - Tax Payment
Warrants (right to buy)
2014-10-31−446,055→ 0 total(indirect: by Lake Isle Corporation)Exercise: $3.95From: 2011-11-01Exp: 2016-11-01→ Common Stock (446,055 underlying) - Tax Payment
Warrants (right to buy)
2014-10-31−55,890→ 0 total(indirect: By LLC)Exercise: $3.95From: 2011-11-01Exp: 2016-11-01→ Common Stock (55,890 underlying) - Tax Payment
Warrants (right to buy)
2014-10-31−215,518→ 0 total(indirect: by the Estate of Gene Mulvihill)Exercise: $4.64From: 2012-12-28Exp: 2017-12-31→ Common Stock (215,518 underlying) - Tax Payment
Common Stock
2014-10-31$2.15/sh+823,674$1,770,899→ 1,225,928 total(indirect: by Lake Isle Corporation) - Tax Payment
Common Stock
2014-10-31$2.15/sh+140,313$301,673→ 316,975 total(indirect: By LLC) - Tax Payment
Common Stock
2014-10-31$2.15/sh+103,205$221,891→ 202,886 total(indirect: By LLC) - Tax Payment
Warrants (right to buy)
2014-10-31−110,870→ 0 total(indirect: By LLC)Exercise: $4.60From: 2012-06-14Exp: 2017-06-14→ Common Stock (110,870 underlying) - Tax Payment
Convertible Note
2014-10-31→ 0 total(indirect: by the Estate of Gene Mulvihill)Exercise: $4.64From: 2012-12-28Exp: 2017-12-31→ Convertible Note - Tax Payment
Common Stock
2014-10-31$2.15/sh+238,419$512,601→ 555,394 total(indirect: By LLC) - Tax Payment
Common Stock
2014-10-31$2.15/sh+467,488$1,005,099→ 599,232 total(indirect: by the Estate of Gene Mulvihill) - Tax Payment
Convertible Note
2014-10-31→ 0 total(indirect: By LLC)Exercise: $4.60From: 2012-06-14Exp: 2017-06-14→ Convertible Note - Tax Payment
Convertible Note
2014-10-31→ 0 total(indirect: By LLC)Exercise: $3.95From: 2011-11-01Exp: 2016-11-01→ Convertible Note - Tax Payment
Convertible Note
2014-10-31→ 0 total(indirect: By LLC)Exercise: $3.95From: 2011-11-01Exp: 2016-11-01→ Convertible Note - Tax Payment
Convertible Note
2014-10-31→ 0 total(indirect: by Lake Isle Corporation)Exercise: $3.95From: 2011-11-01Exp: 2016-11-01→ Convertible Note
Holdings
- 710,034
Common Stock
Footnotes (6)
- [F1]The shares were issued pursuant to the Issuer's exchange offer in which each holder of first tranche units consisting of (a) $100,000 principal amount of 6% Convertible Promissory Notes due November 1, 2016, November 18, 2016 and December 9, 2016 and (b) warrants to purchase 25,317 shares of common stock of the Issuer expiring on November 1, 2016, November 18, 2016 and December 9, 2016, respectively, or a pro-rata portion thereof (after giving effect to anti-dilution adjustments to the initial exercise price of $4.25 per share) were tendered by the holder in exchange for the issuance of shares of common stock for the settlement of the balance of the note (principal and interest) at $2.15 per share. The issuance of the shares was registered pursuant to a Tender Offer Statement on Schedule TO, as amended, filed by the Issuer with the SEC (the "Schedule TO").
- [F2]The reporting person is a stockholder of Lake Isle Corporation, which owns a portion of SB&G Properties LLC. The reporting person is a member of Sail Energy LLC. The reporting person is the administrator of The Estate of Gene Mulvihill. The reporting person disclaims beneficial ownership of all such securities that exceeds her pecuniary interest.
- [F3]The shares were issued pursuant to the Issuer's exchange offer in which each holder of second tranche units consisting of (a) $100,000 principal amount of 6% Convertible Promissory Notes due June 14, 2017 and (b) warrants to purchase 21,740 shares of common stock of the Issuer expiring on June 14, 2017, or a pro-rata portion thereof (after giving effect to anti-dilution adjustments to the initial exercise price of $5.00 per share) were tendered by the holder in exchange for the issuance of shares of common stock for the settlement of the balance of the note (principal and interest) at $2.15 per share. The issuance of the shares was registered pursuant to the Schedule TO.
- [F4]The shares were issued pursuant to the Issuer's exchange offer in which each holder of third tranche units consisting of (a) $100,000 principal amount of 6% Convertible Promissory Notes due December 31, 2017 and (b) warrants to purchase 21,552 shares of common stock of the Issuer expiring on December 31, 2017, or a pro-rata portion thereof (after giving effect to anti-dilution adjustments to the initial exercise price of $5.00 per share) were tendered by the holder in exchange for the issuance of shares of common stock for the settlement of the balance of the note (principal and interest) at $2.15 per share. The issuance of the shares was registered pursuant to the Schedule TO.
- [F5]Gives effect to anti-dilution adjustments to the initial exercise price of $5.00 per share.
- [F6]Gives effect to anti-dilution adjustments to the initial exercise price of $4.25 per share.
Documents
Issuer
Boomerang Systems, Inc.
CIK 0000314712
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000314712
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 7:00 PM ET
- Accepted
- Nov 4, 6:23 PM ET
- Size
- 38.8 KB