AUTHENTIDATE HOLDING CORP 4
4 · AUTHENTIDATE HOLDING CORP · Filed Nov 14, 2013
Insider Transaction Report
Form 4
Benjamin O'Connell
President
Transactions
- Exercise of In-Money
Series D Convertible Preferred Stock
2013-11-12$10.00/sh+17,500$175,000→ 27,500 totalExercise: $1.09From: 2013-12-20→ Common Stock (161,185 underlying) - Exercise of In-Money
Warrants (Right to buy)
2013-11-12+175,000→ 275,000 totalExercise: $0.95From: 2013-12-20Exp: 2018-06-20→ Common Stock (175,000 underlying) - Exercise of In-Money
Put Option (Obligation to buy Preferred Stock)
2013-11-12−1→ 0 totalExercise: $10.00From: 2013-10-15Exp: 2013-11-15→ Common Stock (161,185 underlying) - Exercise of In-Money
Put Option (Obligation to buy Warrants)
2013-11-12−1→ 0 totalExercise: $0.00From: 2013-10-15Exp: 2013-11-15→ Common Stock (175,000 underlying) - Expiration
Call Option (Right to buy Warrants)
2013-11-12−1→ 0 totalExercise: $0.00From: 2013-11-15Exp: 2013-12-15→ Common Stock (175,000 underlying) - Expiration
Call Option (Right to buy Preferred Stock)
2013-11-12−1→ 0 totalExercise: $10.00From: 2013-11-15Exp: 2013-12-15→ Common Stock (161,185 underlying)
Footnotes (4)
- [F1]On June 11, 2013, the reporting person entered into an agreement to grant a holder of Senior Notes issued by Authentidate Holding Corp. (the "Issuer") an option to require the reporting person to purchase from him an aggregate of (i) $175,000 of shares of Series D Convertible Preferred Stock and (ii) 175,000 Common Stock Purchase Warrants in accordance with the terms and conditions of a certain Put/Call Option Agreement. Under the Put/Call Option Agreement, the holder had a 30 day period commencing October 15, 2013, to require the reporting person to acquire the above-referenced shares of Series D Preferred Stock and Warrants. Under the Put/Call Option Agreement, if the holder declines to exercise its right to require the sale of such securities, the reporting person shall thereafter have the right to purchase all of such securities during a subsequent 30 day period.
- [F2]On November 12, 2013, the holder of the Put/Call Option Agreement exercised the right to require the reporting person to purchase the shares of Series D Convertible Preferred Stock and Common Stock Purchase Warrants covered by the Put/Call Option Agreement. Upon the exercise of the put options, a corresponding number of call options automatically expired.
- [F3]The Series D Preferred Stock is convertible commencing six months following the original issue date, which was June 20, 2013. The Series D Convertible Preferred Stock has a stated value of $10.00 per share and has no expiration date.
- [F4]The warrants are exercisable commencing six months following the original issue date, which was June 20, 2013.