DREW JOHN 4
4 · REDBACK NETWORKS INC · Filed Jun 7, 2006
Insider Transaction Report
Form 4
DREW JOHN
Director10% OwnerOther
Transactions
- Conversion
Series B Preferred Stock
2006-06-05$4.60/sh−23,429$107,844→ 0 total(indirect: TCV IV Strategic Partners, L.P.)Exercise: $4.60From: 2004-01-05→ Common Stock (234,290 underlying) - Other
Common Stock
2006-06-05+60,257→ 9,601,953 total(indirect: TCV IV, L.P.) - Other
Common Stock
2006-06-05+2,246→ 358,040 total(indirect: TCV IV, Strategic Partners, L.P.) - Conversion
Series B Preferred Stock
2006-06-05$4.60/sh−628,320$2,892,157→ 0 total(indirect: TCV IV, L.P.)Exercise: $4.60From: 2004-01-05→ Common Stock (6,283,200 underlying) - Conversion
Common Stock
2006-06-05$4.60/sh+234,290$1,078,437→ 355,794 total(indirect: TCV IV Strategic Partners, L.P.) - Conversion
Common Stock
2006-06-05$4.60/sh+6,283,200$28,921,570→ 9,541,696 total(indirect: TCV IV, L.P.)
Footnotes (5)
- [F1]The holders of Series B Preferred Stock received payment of accrued and unpaid dividends in Common Stock (with such Common Stock valued at the average closing price of the Issuers Common Stock for the 10 consecutive trading days prior to the conversion of the Series B Preferred Stock) upon the conversion of the Series B Preferred Stock.
- [F2]These shares are held directly by TCV IV, L.P. Technolgy Crossover Management IV, L.L.C. ("TCM IV") is the sole general partner of TCV IV, L.P. Jay Hoag ("Hoag") and Richard H. Kimball ("Kimball") are managing members of TCM IV and John Drew ("Drew") is a non-managing member of TCM IV. Hoag, Kimball, Drew and TCM IV may be deemed to beneficially own the shares held by TCV IV, L.P. but Hoag, Kimball, Drew and TCM IV disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- [F3]These shares are held directly by TCV IV Strategic Partners, L.P. TCM IV is the sole general partner of TCV IV Strategic Partners, L.P. Hoag and Kimball are managing members of TCM IV and Drew is a non-managing member of TCM IV. Hoag, Kimball, Drew and TCM IV may be deemed to beneficially own the shares held by TCV IV Strategic Partners, L.P. but Hoag, Kimball, Drew and TCM IV disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- [F4]Each outstanding share of Series B Preferred Stock automatically converted into shares of Common Stock at the time the closing price of the Issuer's Common Stock was at least $13.809 for 90 consecutive trading days.
- [F5]Not Applicable