4//SEC Filing
Rothstein Bruce M 4
Accession 0001181431-10-060768
CIK 0001352302other
Filed
Dec 9, 7:00 PM ET
Accepted
Dec 10, 3:35 PM ET
Size
10.3 KB
Accession
0001181431-10-060768
Insider Transaction Report
Form 4
GeoMet, Inc.GMET
McDermott Paul G
10% Owner
Transactions
- Sale
Series A Convertible Redeemable Preferred Stock
2010-12-08$10.29/sh−10,000$102,900→ 2,341,801 totalExercise: $1.30→ Common Stock (76,923 underlying)
Sherwood Energy, LLC
10% Owner
Transactions
- Sale
Series A Convertible Redeemable Preferred Stock
2010-12-08$10.29/sh−10,000$102,900→ 2,341,801 totalExercise: $1.30→ Common Stock (76,923 underlying)
Rothstein Bruce M
10% Owner
Transactions
- Sale
Series A Convertible Redeemable Preferred Stock
2010-12-08$10.29/sh−10,000$102,900→ 2,341,801 totalExercise: $1.30→ Common Stock (76,923 underlying)
Footnotes (3)
- [F1]The 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 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.
- [F3]Cadent Energy Partners II, L.P. ("Cadent II"), the majority owner of Sherwood Energy, LLC ("Sherwood"), Cadent Energy Partners II-GP, L.P. ("Cadent II GP"), the sole general partner of Cadent II, CEP II-GP, LLC ("CEP"), the sole general partner of Cadent II GP, Cadent Energy Partners, LLC, the sole owner of CEP and Paul McDermott and Bruce Rothstein, controlling persons of CEP, are indirect beneficial owners of the reported securities. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the reporting persons are the beneficial owners of the reported securities for purposes of Section 16 or for any other purpose.
Documents
Issuer
GeoMet, Inc.
CIK 0001352302
Entity typeother
Related Parties
1- filerCIK 0001501970
Filing Metadata
- Form type
- 4
- Filed
- Dec 9, 7:00 PM ET
- Accepted
- Dec 10, 3:35 PM ET
- Size
- 10.3 KB