Mandalay Digital Group, Inc. 4
4 · Mandalay Digital Group, Inc. · Filed Aug 23, 2013
Insider Transaction Report
Form 4
GUBER PETER
Director10% Owner
Transactions
- Conversion
Common Stock
2013-08-21$0.75/sh+1,799,066$1,349,300→ 3,268,568 total(indirect: See Footnote 2.) - Conversion
Senior Secured Convertible Note (right to buy)
2013-08-21−1,799,066→ 0 totalExercise: $0.75From: 2010-06-21Exp: 2013-09-09→ Common Stock (1,799,066 underlying)
Footnotes (3)
- [F1]The Guber Family Trust (the "Trust") of which Peter Guber is the trustee, acquired such shares upon conversion of a Senior Secured Convertible Note (right to buy) (the "Note") held by the Trust at a conversion price of $0.75 per share. The original Note was exercisable for 6,666,666 shares at a conversion price of the $0.15. The number shares convertible was adjusted in accordance with Issuer's 1-for-5 reverse stock split effective April 15, 2013 and the conversion price accordingly was adjusted from $0.15 to $0.75.
- [F2]Beneficial ownership: 200,000 shares owned by Peter Guber, 3,068,568 shares owned by the Trust. Peter Guber disclaims beneficial ownership of shares held by the Trust except to the extent of his pecuniary interest therein.
- [F3]See footnote 2.