GAPSTAR LLC 4
4 · CRITICAL PATH INC · Filed Jan 3, 2005
Insider Transaction Report
Form 4
GAPSTAR LLC
10% Owner
Transactions
- Purchase
Series F Preferred Stock Warrant (right to buy)
2004-12-29+6,884→ 68,840 totalExercise: $14.00Exp: 2008-07-09→ Series F Redeemable Convertible Preferred Stock (6,884 underlying)
Footnotes (3)
- [F1]Immediately
- [F2]Every one share of Series F Preferred Stock is initially convertible into ten shares of common stock of the issuer. The conversion ratio of the Series F Preferred Stock is equal to the product of the number of shares of Series F Preferred Stock being converted multiplied by the quotient of (i) the Series F Accreted Value plus all dividends accrued since the previous semi-annual compounding date divided by (ii) $1.40 (subject to anti-dilution adjustments). Series F Accreted Value means, with respect to each share of Series F Preferred Stock, the sum of $14.00 plus all dividends that have accrued and compounded semi-annually.
- [F3]Not applicable.