DOLPHIN COMMUNICATIONS FUND II LP 4
4 · VITALSTREAM HOLDINGS INC · Filed Oct 2, 2003
Insider Transaction Report
Form 4
BREKKA RICHARD
10% Owner
Transactions
- PurchaseSwap
Warrants
2003-09-30+842,825→ 842,825 total(indirect: by limited liability company)Exercise: $0.30From: 2003-09-30Exp: 2006-09-30→ Common Stock (842,825 underlying) - Purchase
Warrants
2003-09-30$1000.00/sh+457,875$457,875,000→ 457,875 total(indirect: by limited liability company)Exercise: $0.30From: 2003-09-30Exp: 2006-09-30→ Common Stock (457,875 underlying) - Purchase
Series A Preferred Stock
2003-09-30$1000.00/sh+550$550,000→ 550 total(indirect: by limited liability company)Exercise: $0.23From: 2003-09-30Exp: 2025-09-30→ Common Stock (2,430,425 underlying) - SaleSwap
Convertible Notes
2003-09-30$1100000.00/sh→ 4,682,363 total(indirect: by limited liability company)Exercise: $0.24From: 2003-11-26Exp: 2006-01-15→ Common Stock (4,682,363 underlying) - SaleSwap
Warrants
2003-09-30−842,825→ 842,825 total(indirect: by limited liability company)Exercise: $0.34From: 2003-11-26Exp: 2006-01-15→ Common Stock (842,825 underlying) - PurchaseSwap
Convertible Notes
2003-09-30$1100000.00/sh→ 5,508,663 total(indirect: by limited liability company)Exercise: $0.20From: 2003-09-30Exp: 2025-09-30→ Common Stock (5,508,663 underlying)
Footnotes (8)
- [F1]The Series A Preferred Stock and Warrants disclosed in this Form 4 were acquired from the Issuer pursuant to a privately negotiated transaction.
- [F2]The Series A Preferred Stock has no expiration date.
- [F3]The Reporting Person purchased 550 shares of Series A Preferred Stock and each share of Series A Preferred Stock was accompanied with a warrant granting the holder the right to purchase 833.33 shares of Common Stock of the Issuer.
- [F4]The Reporting Person is an indirect managing member of Dolphin Communications Fund II, L.P. and Dolphin Communications Parallel Fund II (Netherlands), L.P., which collectively own the securities of the Issuer disclosed in this Form 4.
- [F5]The Reporting Person exchanged Convertible Promissory Notes of the Issuer in aggregate principle amount of $1,100,000, which were convertible into 4,682,363 shares of Common Stock, for Convertible Promissory Notes in like principle amount, which are convertible into 5,508,663 shares of Common Stock. The Reporting Person exchanged warrants of the Issuer to purchase 842,825 shares of Common Stock for warrants of the Issuer to purchase a like amount of shares.
- [F6]The Notes will mature on January 15, 2025, subject to acceleration upon the occurrence of certain events.
- [F7]The Notes matured on January 15, 2006, subject to acceleration upon the occurrence of certain events.
- [F8]The Warrants were valued at $0.055 per share of Common Stock into which each Warrant was exercisable. The exercise price of each share of Common Stock was $0.34 per share.