4//SEC Filing
LYRIS, INC. 4
Accession 0001144204-15-038459
CIK 0001166220operating
Filed
Jun 22, 8:00 PM ET
Accepted
Jun 23, 10:00 AM ET
Size
11.8 KB
Accession
0001144204-15-038459
Insider Transaction Report
Form 4
LYRIS, INC.LYRI.OB
COMFORT WILLIAM T III
DirectorChairman, Board of Directors10% Owner
Transactions
- Disposition to Issuer
Common Stock
2015-06-22−1,171,206→ 0 total - Disposition to Issuer
Common Stock
2015-06-22−1,497,435→ 0 total(indirect: See Footnote) - Disposition to Issuer
Series A Convertible Preferred Stock
2015-06-22+2,000,000→ 0 total(indirect: See Footnote)Exercise: $2.50→ Common Stock (2,000,000 underlying) - Disposition to Issuer
Common Stock
2015-06-22−2,830,208→ 0 total(indirect: See Footnote)
Footnotes (6)
- [F1]Disposed of pursuant to Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 4, 2015 by and between Lyris and LY Acquisition Corp ("Buyer") in exchange for cash consideration of $0.89 per share, without interest, subject to any required withholding of taxes. Pursuant to the Merger Agreement, Buyer will merge into Lyris, with Lyris continuing as the surviving corporation. Upon consummation of the merger, Lyris will become a subsidiary of Aurea Software.
- [F2]Shares are held by 65 BR Trust, for which Mr. Comfort is the investment adviser and has voting and dispositive power over the shares. Mr. Comfort disclaims beneficial ownership of any of the shares of common stock held by 65 BR Trust.
- [F3]Mr. Comfort is the general partner of, and has shared voting and dispositive power over, these shares held by LDN Stuyvie Partnership.
- [F4]The Series A Convertible Preferred Stock is exercisable on date of issue and has no expiration date.
- [F5]Disposed of pursuant to the Merger Agreement in exchange for cash consideration of $2.50 per share, without interest, subject to any required withholding of taxes.
- [F6]Preferred shares are held by Lyr, Ltd., a Bermuda corporation of which Mr. Comfort is the Chairman and has voting and dispositive power over the shares. Mr. Comfort disclaims beneficial ownership of any of the shares of the Issuer's Preferred Stock held by Lyr, Ltd.
Documents
Issuer
LYRIS, INC.
CIK 0001166220
Entity typeoperating
Related Parties
1- filerCIK 0001166220
Filing Metadata
- Form type
- 4
- Filed
- Jun 22, 8:00 PM ET
- Accepted
- Jun 23, 10:00 AM ET
- Size
- 11.8 KB