4/A//SEC Filing
550 DIGITAL MEDIA VENTURES INC 4/A
Accession 0001193805-04-000096
CIK 0001088244other
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 7:06 PM ET
Size
13.1 KB
Accession
0001193805-04-000096
Insider Transaction Report
Form 4/AAmended
EUNIVERSE INCEUNI
SONY MUSIC ENTERTAINMENT INC
10% Owner
Transactions
- Sale
Option (Obligation to Sell)
2003-07-15−1,750,000→ 1,750,000 total(indirect: Through 550 DMV)Exercise: $1.10From: 2003-07-16Exp: 2004-01-16→ Series B Preferred Stock (0 underlying) - Sale
Option (Obligation to Sell)
2003-07-15−3,050,000→ 3,050,000 total(indirect: Through 550 DMV)Exercise: $1.10From: 2003-07-16Exp: 2004-01-16→ Common Stock (0 underlying)
550 DIGITAL MEDIA VENTURES INC
10% Owner
Transactions
- Sale
Option (Obligation to Sell)
2003-07-15−3,050,000→ 3,050,000 total(indirect: Through 550 DMV)Exercise: $1.10From: 2003-07-16Exp: 2004-01-16→ Common Stock (0 underlying) - Sale
Option (Obligation to Sell)
2003-07-15−1,750,000→ 1,750,000 total(indirect: Through 550 DMV)Exercise: $1.10From: 2003-07-16Exp: 2004-01-16→ Series B Preferred Stock (0 underlying)
SONY CORP OF AMERICA
10% Owner
Transactions
- Sale
Option (Obligation to Sell)
2003-07-15−3,050,000→ 3,050,000 total(indirect: Through 550 DMV)Exercise: $1.10From: 2003-07-16Exp: 2004-01-16→ Common Stock (0 underlying) - Sale
Option (Obligation to Sell)
2003-07-15−1,750,000→ 1,750,000 total(indirect: Through 550 DMV)Exercise: $1.10From: 2003-07-16Exp: 2004-01-16→ Series B Preferred Stock (0 underlying)
Footnotes (4)
- [F1]This amended Form 4 is being filed by Sony Corporation of America ("SCA"), Sony Music Entertainment, Inc. ("Sony Music"), which is an indirect wholly-owned subsidiary of SCA, and 550 Digital Media Ventures Inc. ("550 DMV"), which is an indirect wholly-owned subsidiary of Sony Music, relating to the common stock, par value $0.001 per share (the "Common Stock") of eUniverse, Inc. (the "Company") to add the derivative securities reported herein that were erroneously omitted from the Form 4 filed by the Reporting Persons on October 24, 2003 (the "Form 4").
- [F2]The Reporting Persons are making a group filing because, due to the relationships between them, the Reporting Persons may be deemed to constitute a "group" for purposes of Section 13(d)(3) of the Exchange Act. Each Reporting Person disclaims beneficial ownership under Section 16 of the Exchange Act with respect to the transactions reported herein, to the extent greater than its pecuniary interest therein. Except as otherwise provided herein, the Form 4 remains complete and unaffected by this amendment.
- [F3]On July 15, 2003, 550 DMV and VP Alpha Holdings IV, L.L.C. ("VP Alpha LLC") entered into an option agreement (the "Option Agreement") pursuant to which VP Alpha LLC was granted an option (the "Option") to purchase shares of Common Stock and shares of the Company's Series B Convertible Preferred Stock, par value $0.10 per share, in each case for an exercise price of $1.10 per share from 550 DMV. The Option was entered into concurrently with the assignment by 550 DMV to VP Alpha LLC of $500,000 of existing debt of the Company to 550 DMV in exchange for $500,000 pursuant to an assignment agreement dated July 15, 2003 (the "Assignment Agreement").
- [F4]Under certain circumstances, the consideration for the exercise of the Option would include an additional $1.10 per share for a maximum price of $2.20 per share.
Issuer
EUNIVERSE INC
CIK 0001088244
Entity typeother
Related Parties
1- filerCIK 0001267955
Filing Metadata
- Form type
- 4/A
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 7:06 PM ET
- Size
- 13.1 KB