4//SEC Filing
CLARKE DAVID M 4
Accession 0001209191-03-033137
CIK 0000873538other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 5:02 PM ET
Size
8.6 KB
Accession
0001209191-03-033137
Insider Transaction Report
Form 4
CLARKE DAVID M
Director
Transactions
- Conversion
Series C Preferred Stock
2003-12-02−750,000→ 0 total(indirect: See footnote)→ Common Stock (516,845 underlying) - Conversion
Series F Preferred Stock
2003-12-02−321,888→ 0 total(indirect: See footnote)→ Common Stock (352,941 underlying) - Conversion
Common Stock
2003-12-02+352,941→ 869,786 total(indirect: See footnote) - Conversion
Common Stock
2003-12-02+516,845→ 516,845 total(indirect: See footnote)
Footnotes (4)
- [F1]These shares are owned by Aetna Life Insurance Company, of which Mr. Clarke is an Investment Manager. Mr. Clarke disclaims beneficial ownership of the shares held by Aetna Life Insurance Company, except to the extent of his pecuniary interest therein, and the reporting herein of such securities shall not be construed as an admission that Mr. Clarke is the beneficial owner of any such securities for purposes of Section 16 fo the Securities Exchange Act of 1934, as amended, or for any other purpose.
- [F2]Each share of Series C Preferred Stock automatically converted into approximately 0.69 shares of Common Stock upon the closing of the issuer's initial public offering.
- [F3]Each share of Series F Preferred Stock automatically converted into approximately 1.10 shares of Common Stock upon the closing of the issuer's initial public offering. The conversion ration reflects an adjustment to the conversion price upon such closing, pursuant to the issuer's Amended and Restated Certificate of Incorporation.
- [F4]N/A.
Documents
Issuer
OPEN SOLUTIONS INC
CIK 0000873538
Entity typeother
Related Parties
1- filerCIK 0001270231
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 5:02 PM ET
- Size
- 8.6 KB