4//SEC Filing
CARACO PHARMACEUTICAL LABORATORIES LTD 4
Accession 0001169232-06-003238
CIK 0000887708operating
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 4:57 PM ET
Size
9.7 KB
Accession
0001169232-06-003238
Insider Transaction Report
Form 4
SHANGHVI DILIP S
Director(Non-Executive) Chairman
Transactions
- Other
Series B. Preferred Stock
2006-07-28+544,000→ 12,512,000 total(indirect: See Footnote)Exercise: $0.00From: 2009-07-28→ Common Stock (544,000 underlying)
SUN PHARMA GLOBAL INC
10% Owner
Transactions
- Other
Series B. Preferred Stock
2006-07-28+544,000→ 12,512,000 total(indirect: See Footnote)Exercise: $0.00From: 2009-07-28→ Common Stock (544,000 underlying)
SUN PHARMACEUTICAL INDUSTRIES LTD
10% Owner
Transactions
- Other
Series B. Preferred Stock
2006-07-28+544,000→ 12,512,000 total(indirect: See Footnote)Exercise: $0.00From: 2009-07-28→ Common Stock (544,000 underlying)
Footnotes (4)
- [F1]The Series B preferred shares are convertible into common stock after three years (or immediately upon a change in control) on a one-to-one basis.
- [F2]Sun Pharma Global, Inc. ("Sun Global") earns 544,000 shares of Series B Preferred Stock for each technology transfer to Caraco of a generic drug by Sun Global when such drug passes its bioequivalency studies. In the event of the dissolution of Caraco, such shares have a preference equal to the value attributed to them on the dates on which they were earned. The value attributed as of July 28, 2006 was $6.95 per share. In a previous Form 4, with respect to preferred shares earned as of July 10, 2006, the value incorrectly attributed to them was $8.82 per share; the correct value is $6.62 per share.
- [F3]The shares of Series B Preferred Stock remain outstanding until such time as they are converted into Common Stock.
- [F4]These shares are owned directly by Sun Global, Inc., which is a wholly-owned subsidiary of Sun Pharmaceutical Industries Limited ("Sun"). Dilip S. Shanghvi is the controlling shareholder of Sun.
Documents
Issuer
CARACO PHARMACEUTICAL LABORATORIES LTD
CIK 0000887708
Entity typeoperating
IncorporatedMI
Related Parties
1- filerCIK 0000887708
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 4:57 PM ET
- Size
- 9.7 KB