4//SEC Filing
Graves Stanley L 4
Accession 0001181431-10-046969
CIK 0001352302other
Filed
Sep 15, 8:00 PM ET
Accepted
Sep 16, 3:36 PM ET
Size
9.0 KB
Accession
0001181431-10-046969
Insider Transaction Report
Form 4
GeoMet, Inc.GMET
Graves Stanley L
Director
Transactions
- Exercise/Conversion
Series A Convertible Redeemable Preferred Stock
2010-09-14$10.00/sh+5,811$58,110→ 5,811 totalExercise: $1.30→ Common Stock (44,700 underlying) - Exercise/Conversion
Subscription Rights
2010-09-14−5,811→ 0 totalExercise: $10.00From: 2010-07-29Exp: 2010-08-18→ Series A Convertible Redeemable Preferred Stock (5,811 underlying)
Footnotes (4)
- [F1]The Series A Convertible Redeemed Preferred Stock (the "Preferred Stock") is entitled to be converted by the holder thereof into a number of shares of common stock determined by dividing (i) the sum of (A) $10.00 plus (B) accrued but unpaid dividends by (ii) the conversion price, which is initially $1.30. Each share of Preferred Stock is initially convertible into 7.692308 shares of common stock. The conversion price and resulting number of shares of common stock issued upon conversion of Preferred Stock will be adjusted to reflect stock splits and similar events and will be entitled to anti-dilution adjustments for any dividends paid on common stock in cash or in common stock, the issuance of additional equity securities at a price less than the conversion price on a weighted average basis, and the occurrence of certain material corporate transactions at a per share valuation less than the conversion price.
- [F2]The subscription rights expired on August 18, 2010; however, the closing of the rights offering and the issuance of the Preferred Stock did not occur until September 14, 2010.
- [F3]The Preferred Stock is convertible at any time, at the holder's election, and is redeemable on or after September 14, 2018, at the holder's election.
- [F4]Represents the exercise price of each subscription right entitling the holder to acquire, for $10.00 in cash, one share of Preferred Stock.
Documents
Issuer
GeoMet, Inc.
CIK 0001352302
Entity typeother
Related Parties
1- filerCIK 0001345915
Filing Metadata
- Form type
- 4
- Filed
- Sep 15, 8:00 PM ET
- Accepted
- Sep 16, 3:36 PM ET
- Size
- 9.0 KB