4//SEC Filing
ROSETTA STONE INC 4
Accession 0001179110-13-017489
CIK 0001351285operating
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 4:13 PM ET
Size
9.1 KB
Accession
0001179110-13-017489
Insider Transaction Report
Form 4
WITT LAURA
Director10% Owner
Transactions
- Sale
Common Stock
2013-12-03$11.42/sh−300,000$3,426,000→ 1,189,294 total(indirect: By Trust) - Sale
Common Stock
2013-12-03$11.42/sh−500,000$5,710,000→ 689,294 total(indirect: By Trust) - Sale
Common Stock
2013-12-04$11.42/sh−689,294$7,871,737→ 0 total(indirect: By Trust)
Footnotes (4)
- [F1]Shares were sold by ABS Capital Partners IV Trust at a gross price of $11.45 per share, with a net price after brokerage fees of $11.42 per share.
- [F2]Shares are held by ABS Capital Partners IV Trust (the "Trust"), a liquidating trust whose trustee is ABS Capital Partners, Inc. (the "Trustee"). All voting and dispositive power over these shares is held by the Trustee. Phillip A. Clough and Laura L. Witt are managing directors of the Trustee and both serve on the issuer's board of directors. Mr. Clough and Ms. Witt disclaim beneficial ownership of the shares except to the extent of any pecuniary interest therein.
- [F3]On September 24, 2010, all remaining portfolio investments of ABS Capital Partners IV, L.P., ABS Capital Partners IV-A, L.P., ABS Capital Partners IV-Offshore, L.P., ABS Capital Partners IV-Special Offshore, L.P. and ABS Partners IV, L.L.C. (collectively, the "Funds") were transferred to the Trust in connection with the dissolution and liquidation of the Funds.
- [F4]These 500,000 shares were sold pursuant to the Stock Repurchase Agreement entered into with Rosetta Stone Inc., effective December 3, 2013.
Documents
Issuer
ROSETTA STONE INC
CIK 0001351285
Entity typeoperating
Related Parties
1- filerCIK 0001351285
Filing Metadata
- Form type
- 4
- Filed
- Dec 4, 7:00 PM ET
- Accepted
- Dec 5, 4:13 PM ET
- Size
- 9.1 KB