WARRANTECH CORP 3
3 · WARRANTECH CORP · Filed Jun 19, 2006
Insider Transaction Report
Form 3
WARRANTECH CORPWTEC.OB
HIG CAPITAL PARTNERS III LP
10% Owner
Holdings
- (indirect: See footnote)
Option (right to buy)
Exercise: $0.75→ Common Stock (4,584,190 underlying)
Footnotes (2)
- [F1]The options are immediately exercisable and expire 12 months after the termination of the Merger Agreement dated June 7, 2006 among WT Acquisition Holdings, LLC ("Parent"), WT Acquisition Corp. ("Merger Sub") and Warrantech Corporation.
- [F2]The option is held directly by Parent. Parent is owned 56% by H.I.G. Wtech, Inc. ("HIG Wtech") and 44% by H.I.G. Wtech Partners II, Inc. ("HIG Wtech Partners"). HIG Wtech and HIG Wtech Partners are controlled by H.I.G. Capital Partners III, L.P. ("HIG Capital Partners"), which owns approximately 50% of the outstanding stock of HIG Wtech (constituting a majority of the voting stock) and 100% of the outstanding stock of HIG Wtech Partners. HIG Capital Partners disclaims beneficial ownership of the options (and the underlying shares of common stock) except to the extent of its pecuniary interest therein.