SUMMIT VENTURES V L P 3
3 · SEABRIGHT INSURANCE HOLDINGS INC · Filed Jan 21, 2005
Insider Transaction Report
Form 3
SUMMIT VENTURES V L P
10% Owner
Holdings
Series A Preferred Stock
→ Common Stock (2,032,560 underlying)
Footnotes (1)
- [F1]Each share of Series A Preferred Stock is convertible at any time into 15.299664 shares of Common Stock. There is no expiration date. It is expected that all Series A Preferred Stock will be converted into Common Stock upon the completion of SEAB's initial public offering.