BRUECK STEVEN R J 4
4 · LIGHTPATH TECHNOLOGIES INC · Filed Mar 27, 2013
Insider Transaction Report
Form 4
BRUECK STEVEN R J
Director
Transactions
- Conversion
Class A Common Stock
2013-03-25$1.54/sh+12,176$18,751→ 24,334 total(indirect: By Trust) - Other
Class A Common Stock
2013-03-25+12,826→ 37,160 total(indirect: By Trust) - Conversion
8% Senior Secured Convertible debenture
2013-03-25→ 0 total(indirect: By Trust)Exercise: $1.54From: 2008-08-01Exp: 2013-08-01→ Class A Common (12,176 underlying)
Holdings
- 1,750
Class A Common Stock
Footnotes (1)
- [F1]These shares of common stock were issued in connection with the conversion of the 8% Senior Secured Convertible Debentures due August 1, 2013 issued by LightPath Technologies, Inc, in favor of certain holders (the "Debentures"). The holders of the Debentures were offered additional shares of common stock to convert the Debentures prior to the maturity date in order to compensate the holders for the difference between the conversion price of the Debentures, or $1.54 per share, and the closing bid price of the common stock reported on the NASDAQ Capital Market on March 23, 2013, or $0.79 per share.