4//SEC Filing
Basil Robert A. Jr. 4
Accession 0001181431-12-053982
CIK 0000917523other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 9:34 PM ET
Size
9.2 KB
Accession
0001181431-12-053982
Insider Transaction Report
Form 4
Basil Robert A. Jr.
Director10% Owner
Transactions
- Conversion
Common Stock, par value $0.001 per share
2012-10-03$0.13/sh+17,552,769$2,281,860→ 17,552,769 total(indirect: By limited liability company) - Conversion
Series B Convertible Preferred Stock, par value $0.001 per s
2012-10-03−228,186→ 371,814 total(indirect: By limited liability company)Exercise: $0.13→ Common Stock, par value $0.001 per share (17,552,769 underlying)
Footnotes (3)
- [F1]On October 3, 2012, RVL 1 LLC ("RVL") converted 228,186 shares of Series B Convertible Preferred Stock, par value $0.001 per share (the "Preferred Stock") into 17,552,769 shares of common stock, par value $0.001 (the "Common Stock"). As of October 3, 2012, RVL held directly (i) 17,552,769 shares of Common Stock and (ii) 371,814 shares of Preferred Stock. Aston Capital LLC ("Aston") is the managing member of RVL. Robert A. Basil, Jr. is an officer of RVL and a member and officer of Aston. As a result of the foregoing, Mr. Basil Jr. possesses the power to vote and to direct the disposition of the securities of Nexxus Lighting, Inc. (the "Company") beneficially owned by RVL and may be deemed to beneficially own such securities. Mr. Basil Jr.'s interest in the securities reported herein is limited to the extent of his pecuniary interest, if any.
- [F2]The 228,186 shares of Preferred Stock are convertible into 17,552,769 shares of Common Stock at the option of the holder, RVL, at a conversion price of $0.13 per share, subject to certain anti-dilution adjustments, and have no expiration date.
- [F3]The 371,814 shares of Preferred Stock are convertible into 28,601,076 shares of Common Stock at the option of the holder, RVL, at a conversion price of $0.13 per share, subject to certain anti-dilution adjustments, and have no expiration date. As of October 3, 2012 there is an insufficient number of authorized shares of Common Stock to effect the full conversion of the Preferred Stock. Accordingly, as of October 3, 2012, the Company has reserved 1,824,317 shares of Common Stock for issuance upon conversion of 23,716 shares of Preferred Stock. The Company anticipates increasing the authorized number of Common Stock, at which point it will reserve the entire 28,601,076 shares of Common Stock necessary for the conversion of all of the Preferred Stock.
Documents
Issuer
Nexxus Lighting, Inc.
CIK 0000917523
Entity typeother
Related Parties
1- filerCIK 0001559646
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 9:34 PM ET
- Size
- 9.2 KB