4//SEC Filing
Purple Communications, Inc. 4
Accession 0001181431-10-005247
CIK 0001101268operating
Filed
Jan 28, 7:00 PM ET
Accepted
Jan 29, 6:18 AM ET
Size
15.5 KB
Accession
0001181431-10-005247
Insider Transaction Report
Form 4
CHANG STEVEN C
Director10% Owner
Transactions
- Purchase
Series B Preferred Stock
2009-12-14−1,333,333→ 3,333,333 total(indirect: See Footnotes)Exercise: $0.15→ Common Stock (13,333,330 underlying) - Purchase
Common Stock Warrant
2009-12-14−26,666,660→ 66,666,660 total(indirect: See Footnotes)Exercise: $0.15→ Common Stock (26,666,660 underlying) - Purchase
Series B Preferred Stock
2009-12-22−2,000,000→ 3,333,333 total(indirect: See Footnotes)Exercise: $0.15→ Common Stock (20,000,000 underlying) - Purchase
Common Stock Warrant
2009-12-22−40,000,000→ 66,666,660 total(indirect: See Footnotes)Exercise: $0.15→ Common Stock (40,000,000 underlying)
Footnotes (3)
- [F1]Steven C. Chang is the manager at CCG Operations, LLC, which serves as Managing Member of Clearlake Capital Partners, LLC, which serves as General Partner of CCP A, L.P., which is the registered holder of 3,333,333 shares of Series B Preferred Stock, which is convertible into Common Stock of Purple Communications, Inc., par value of $0.01 per share, at $0.15 per share of Common Stock (as adjusted for subsequent stock dividends, splits, combinations or similar events) (the "Series B Preferred Stock"), 7,456,480 shares of Series A Preferred Stock, which is convertible into Common Stock of Purple Communications, Inc., par value of $0.01 per share, warrants exercisable for 66,666,660 shares of Common Stock of Purple Communications, Inc. and 297,585 shares of Common Stock of Purple Communications, Inc., par value $0.01 per share.
- [F2]The Series B Preferred Stock is convertible into common stock, par value $0.01 per share ("Common Stock"), at any time after the issuance of the shares of Series B Preferred Stock. This conversion right does not expire until the conversion of the Series B Preferred Stock into Common Stock or the redemption of the Series B Preferred Stock, which may be demanded by Purple Communications, Inc. or the holder of the Series B Preferred Stock no earlier than January 10, 2016. Steven C. Chang disclaims beneficial ownership of the 3,333,333 shares of Series B Preferred Stock, 7,456,480 shares of Series A Preferred Stock, the warrants exercisable for 66,666,660 shares of Common Stock and 297,585 shares of Common Stock beneficially owned by CCG Operations, LLC, Clearlake Capital Partners, LLC, and CCP A, L.P., except to the extent of his pecuniary interest therein.
- [F3]The Common Stock Warrants (the "Warrants") are exercisable for Common Stock at any time after the issuance of the Warrants. This exercise right does not expire until the expiration of the Warrants, which occurs seven years from the date of the issuance of the Warrants. The Warrants are exercisable for Common Stock at $0.15 per share (as adjusted for subsequent stock dividends, splits, combinations or similar events with respect to the Common Stock). Steven C. Chang disclaims beneficial ownership of the 3,333,333 shares of Series B Preferred Stock, 7,456,480 shares of Series A Preferred Stock, the Warrants exercisable for 66,666,660 shares of Common Stock and 297,585 shares of Common Stock beneficially owned by CCG Operations, LLC, Clearlake Capital Partners, LLC, and CCP A, L.P., except to the extent of his pecuniary interest therein.
Documents
Issuer
Purple Communications, Inc.
CIK 0001101268
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001101268
Filing Metadata
- Form type
- 4
- Filed
- Jan 28, 7:00 PM ET
- Accepted
- Jan 29, 6:18 AM ET
- Size
- 15.5 KB