FRANKLIN ELECTRONIC PUBLISHERS INC 3
3 · FRANKLIN ELECTRONIC PUBLISHERS INC · Filed Jan 20, 2010
Insider Transaction Report
Form 3
Saunders Acquisition Corp
10% Owner
Holdings
- 2,580,412
Common Stock
Footnotes (2)
- [F1]Represents shares of the Issuer's common stock, par value $0.01 per share (the "Common Stock"), acquired by the Reporting Person pursuant to those certain exchange agreements between the Reporting Person and Barry J. Lipsky, the President and Chief Executive Officer of the Issuer and President of the Reporting Person, Toshihide Hokari, Chief Operating Officer of the Issuer and Secretary of the Reporting Person, Frank A. Musto, Chief Financial Officer of the Issuer and Treasurer of the Reporting Person, Howard L. Morgan, the Chairman of the Board of Directors of the Issuer, James H. Simons, a director of the Issuer, and Marcy Lewis and Shining Sea Limited, who are shareholders of the Issuer (collectively, the "Saunders Group").
- [F2]In consideration of the contributions described in footnote 1 above, each member of the Saunders Group received a number of shares of the Reporting Person's Series A Preferred Stock, par value $0.01 per share, equal to the number of shares of Common Stock contributed to the Reporting Person by such member of the Saunders Group.