5//SEC Filing
HOBART MATTHEW 5
Accession 0001209191-03-016179
CIK 0001060801other
Filed
Aug 7, 8:00 PM ET
Accepted
Aug 8, 3:22 PM ET
Size
15.6 KB
Accession
0001209191-03-016179
Insider Transaction Report
Form 5
HOBART MATTHEW
10% Owner
Transactions
- Purchase
Common Stock
2002-05-20$1.20/sh+40,000$48,000→ 12,930 total - Award
Common Stock
2002-04-30$0.77/sh+9,480$7,300→ 12,930 total - Award
Common Stock
2003-04-30$0.46/sh+2,000$920→ 12,930 total - Purchase
Preferred Stock
2001-11-08$13.75/sh+581,818$7,999,998→ 581,818 total(indirect: By LLC)Exercise: $14.19From: 2001-11-08Exp: 2005-11-08→ Common Stock (8,258,879 underlying) - Sale
Common Stock
2002-11-12$0.45/sh−5,400$2,430→ 12,930 total - Sale
Common Stock
2002-11-13$0.43/sh−34,600$14,878→ 12,930 total - Purchase
Option
2002-01-01+189,700→ 539,700 totalExercise: $1.13From: 2002-01-01Exp: 2012-01-01→ Common Stock (189,700 underlying) - Purchase
Warrants
2001-11-08$1.05/sh+465,000$488,250→ 465,000 total(indirect: By LLC)Exercise: $1.05From: 2001-11-08Exp: 2006-11-08→ Common Stock (465,000 underlying)
Holdings
- 3,450
Common Stock
- 539,700
Option
Exercise: $0.57From: 2001-09-27Exp: 2011-09-27→ Common Stock (350,000 underlying)
Footnotes (6)
- [F1]Granted pursuant to the Issuer's employee stock purchase plan. The Reporting Person purchased 9,480 shares of common stock on April 30, 2002 and 2,000 shares of common stock on April 30, 2003 pursuant to this plan.
- [F2]Includes 3,450 and 9,480 shares of Common Stock held by the Reporting Person as of the end of the Issuer's most recent fiscal year. Excludes equity securities convertible into Common Stock (which equity securities are described in Table II) held by the Reporting Person and 2,000 shares of Common Stock purchased by the Reporting Person on April 30, 2003 pursuant to the Issuer's Employee Stock Purchase Plan.
- [F3]Includes 3,450 shares of Common Stock held by the Reporting Person prior to such person becoming a reporting person.
- [F4]There is no expiration date by which the Preferred Stock must be converted into Common Stock of the Issuer. However (i) if, as of any date after November 8, 2005, the average closing price per share of Common Stock of the Issuer for any 60 consecutive trading days equals or exceeds 400% of the Accreted Value, then the Issuer has the right, at its option, to redeem within 30 days, all of the outstanding shares of Preferred Stock for cash at a price per share equal to the Accreted Value plus the sum of all dividends accrued since the previous semi-annual compounding date and all dividends that would have accrued and compounded from the closing date of such optional redemption through and until November 8, 2006.
- [F5]This Form 5 is filed by Matthew Hobart (the "Reporting Person"). The Reporting Person is a managing member of Vectis Group, LLC ("Vectis Group"), which itself is the managing member of Vectis CP Holdings, LLC ("Vectis CP") and Vectis-K1, LLC ("Vectis-K1"). Vectis CP holds 491,536 shares of Series D Cumulative Redeemable Convertible Participating Preferred Stock (the "Preferred Stock") the Issuer. Vectis-K1 holds 90,282 shares of Preferred Stock of the Issuer. Each share of Preferred Stock is convertible as of the date hereof into 14.1959 shares of Common Stock. The shares of Preferred Stock held by Vectis CP and Vectis-K1 represent, on an as converted basis, approximately 8,258,879 shares of Common Stock of the Issuer.
- [F6]Granted pursuant to the Issuer's Employee Stock Option Plan
Documents
Issuer
CRITICAL PATH INC
CIK 0001060801
Entity typeother
Related Parties
1- filerCIK 0001257667
Filing Metadata
- Form type
- 5
- Filed
- Aug 7, 8:00 PM ET
- Accepted
- Aug 8, 3:22 PM ET
- Size
- 15.6 KB