Squadron Capital LLC 4
4 · ORTHOPEDIATRICS CORP · Filed Oct 16, 2017
Insider Transaction Report
Form 4
Squadron Capital LLC
10% Owner
Transactions
- Conversion
Common Stock
2017-10-16+1,920,062→ 5,378,441 total - Conversion
Series A Convertible Preferred Stock
2017-10-16−1,000,000→ 0 total→ Common Stock (670,000 underlying) - Conversion
Common Stock
2017-10-16+3,455,833→ 3,458,379 total - Conversion
Series B Convertible Preferred Stock
2017-10-16−4,157,960→ 0 total→ Common Stock (2,785,833 underlying)
Footnotes (3)
- [F1]Represents shares received upon conversion of the Series A Convertible Preferred Stock and the Series B Convertible Preferred Stock immediately prior to the completion of the Issuer's initial public offering.
- [F2]Represents shares received upon conversion of a $16.0 million preference payment, and approximately $8.96 million of accrued and unpaid dividends, on the Series A Convertible Preferred Stock immediately prior to the completion of the Issuer's initial public offering.
- [F3]Each share of Series A Convertible Preferred Stock and Series B Convertible Preferred Stock converted into approximately 0.67 shares of Common Stock for no additional consideration immediately prior to the completion of the Issuer's initial public offering. In connection with the conversion of the Series A Convertible Preferred Stock into Common Stock, a $16.00 million preference payment, and approximately $8.96 million of accrued and unpaid dividends, on the Series A Convertible Preferred Stock converted into 1,920,062 shares of Common Stock for no additional consideration at a conversion price of $13.00 per share (the initial public offering price of the Common Stock).