4//SEC Filing
LECG CORP 4
Accession 0001181431-11-022118
CIK 0001192305operating
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 8:06 PM ET
Size
9.8 KB
Accession
0001181431-11-022118
Insider Transaction Report
Form 4
LECG CORPXPRT
GAFFNEY CHRISTOPHER S
Director
Transactions
- Other
Common Stock
2011-03-31+54,003,770→ 67,456,891 total(indirect: See footnotes) - Other
Series A Convertible Redeemable Preferred Stock
2011-03-31$3.96/sh−3,787,879$15,000,001→ 2,525,252 total(indirect: See footnotes)Exercise: $3.96→ Common Stock (3,787,879 underlying)
Footnotes (7)
- [F1]This report is filed in connection with the exchange of an aggregate 3,787,879 shares of Series A Convertible Redeemable Preferred Stock for an aggregate 54,003,770 shares of common stock The number of common shares issued was determined based on the $15 million liquidation preference of the cancelled preferred shares plus accrued dividends divided by an exchange price of $0.30 per share.
- [F2]Consists of 53,779,775 shares directly beneficially owned by Great Hill Equity Partners III, LP ("GHEP III"). Great Hill Partners GP III, L.P. ("GHEPIIIGP") is the sole general partner of GHEPIII and may be deemed to indirectly beneficially own the shares beneficially owned by GHEPIII. GHP III LLC ("GHPIII") is the sole general partner of GHEPIIIGP and may be deemed to indirectly beneficially own the shares beneficially owned by GHEPIIIGP. The reporting person is a manager of GHPIII, and as such, may be deemed to indirectly beneficially own the shares beneficially owned by GHPIII. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F3]Consists of 223,975 shares directly beneficially owned by Great Hill Investors, LLC ("GHI"). The reporting person is a manager of GHI, and as such, may be deemed to indirectly beneficially own the shares beneficially owned by GHI. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F4]Subject to adjustment from time to time in accordance with LECG's certificate of incorporation.
- [F5]The Series A Convertible Redeemable Preferred Stock is convertible at any time, at the holder's election, and has no expiration date.
- [F6]Consists of 2,514,779 shares directly beneficially owned by GHEP III. GHEPIIIGP is the sole general partner of GHEPIII and may be deemed to indirectly beneficially own the shares beneficially owned by GHEPIII. GHPIII is the sole general partner of GHEPIIIGP and may be deemed to indirectly beneficially own the shares beneficially owned by GHEPIIIGP. The reporting person is a manager of GHPIII, and as such, may be deemed to indirectly beneficially own the shares beneficially owned by GHPIII. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F7]Consists of 10,473 shares directly beneficially owned by GHI. The reporting person is a manager of GHI, and as such, may be deemed to indirectly beneficially own the shares beneficially owned by GHI. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Documents
Issuer
LECG CORP
CIK 0001192305
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001192305
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 8:06 PM ET
- Size
- 9.8 KB