4//SEC Filing
Lenfest Harold Fitzgerald 4
Accession 0001181431-12-018264
CIK 0000839443other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 12:44 PM ET
Size
8.2 KB
Accession
0001181431-12-018264
Insider Transaction Report
Form 4
TELVUE CORPTEVE
Lenfest Harold Fitzgerald
Director10% Owner
Transactions
- Other
Common Stock
2012-03-16$0.35/sh+73,891,663$25,862,082→ 111,908,249 total - Other
Series A Convertible Preferred Stock
2012-03-16+14,285.714→ 14,285.714 totalExercise: $0.35→ Common Stock (14,285,714 underlying)
Footnotes (2)
- [F1]The shares were acquired by the Reporting Person pursuant to the terms of that certain Debt Conversion Agreement by and between the Reporting Person and the Issuer, dated January 11, 2012 and approved by the stockholders of the Issuer on March 12, 2012 whereby the Reporting Person agreed to convert approximately $30.8 million in debt of the Issuer and accrued interest held by the Reporting Person into shares of Common Stock and shares of Series A Convertible Preferred Stock (the "Debt Conversion Agreement"). Pursuant to the Debt Conversion Agreement, the Reporting Person (i) converted $20,941,000 of the principal amount of the debt, plus all accrued but unpaid interest thereon as of the closing of the Debt Conversion Agreement into shares of the Issuer's Common Stock, at a conversion price of $0.35 per share; and (ii) converted the remaining $5,000,000 of the principal amount of the debt into 14,285.714 shares of the Issuer's Series A Convertible Preferred Stock.
- [F2]The Series A Convertible Preferred Stock is convertible, at any time, at the option of the Reporting Person, into shares of the Issuer's Common Stock at an initial conversion price of $0.35 per share (the "Conversion Price"). The Series A Convertible Preferred Stock original issue price is $350 per share (the "Issue Price"), subject to appropriate adjustment in the event of any stock dividend, stock split, combination or similar recapitalization, and each share of Series A Convertible Preferred Stock is convertible into such number of shares of Common Stock of the Issuer as determined by dividing the Issue Price and the Conversion Price in effect at the time of the conversion.
Documents
Issuer
TELVUE CORP
CIK 0000839443
Entity typeother
Related Parties
1- filerCIK 0001317785
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 12:44 PM ET
- Size
- 8.2 KB