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MORGAN STANLEY DEAN WITTER EQUITY FUNDING INC 4

Accession 0001209191-04-021997

CIK 0001065860other
View on SEC.govCompany Profile

Filed

Apr 25, 8:00 PM ET

Accepted

Apr 26, 8:49 PM ET

Size

37.7 KB

Accession

0001209191-04-021997

Insider Transaction Report

Form 4
Period: 2003-12-19
ELECTRIC CITY CORPELC
MORGAN STANLEY
10% Owner
Transactions
  • Conversion

    Common Stock

    2004-03-19$1.00/sh+1,000,000$1,000,000→ 1,025,068 total(indirect: See footnotes)
  • Other

    Series A Convertible Preferred Stock

    2004-03-19$13.00/sh−47,573$618,449→ 84,859 total(indirect: See footnotes)
    From: 2001-10-30→ Common Stock (475,730 underlying)
  • Sale

    Warrants to Purchase Common Stock

    2003-12-19−300,000→ 427,500 total(indirect: See footnotes.)
    From: 2001-06-11Exp: 2008-07-08→ Common Stock (300,000 underlying)
  • Sale

    Warrants to Purchase Common Stock

    2004-01-20−215,625→ 234,375 total(indirect: See footnotes.)
    From: 2001-06-11Exp: 2008-07-08→ Common Stock (215,625 underlying)
  • Sale

    Common Stock

    2004-03-19$1.00/sh−1,000,000$1,000,000→ 25,068 total(indirect: See footnotes)
  • Conversion

    Series A Convertible Preferred Stock

    2004-03-19−100,000→ 132,432 total(indirect: See footnotes.)
    Exercise: $10.00From: 2001-10-30→ Common Stock (1,000,000 underlying)
  • Other

    Series A Convertible Preferred Stock

    2004-03-19$10.00/sh−84,859$848,590→ 0 total(indirect: See footnotes)
    From: 2001-10-30→ Common Stock (848,590 underlying)
  • Sale

    Common Stock

    2003-12-19−32,086→ 48,131 total(indirect: See footnotes)
  • Sale

    Series A Convertible Preferred Stock

    2004-01-20−115,000→ 232,432 total(indirect: See footnotes.)
    From: 2001-10-30→ Common Stock (1,150,000 underlying)
  • Other

    Series E Convertible Preferred Stock

    2004-03-19$100.00/sh+8,486$848,600→ 8,486 total(indirect: See footnotes)
    From: 2004-03-19→ Common Stock (848,600 underlying)
  • Sale

    Common Stock

    2004-01-20−23,063→ 25,068 total(indirect: See footnotes)
  • Sale

    Series A Convertible Preferred Stock

    2003-12-19−160,000→ 347,432 total(indirect: See footnotes.)
    From: 2001-10-30→ Common Stock (1,600,000 underlying)
MORGAN STANLEY DEAN WITTER EQUITY FUNDING INC
10% Owner
Transactions
  • Conversion

    Series A Convertible Preferred Stock

    2004-03-19−100,000→ 132,432 total(indirect: See footnotes.)
    Exercise: $10.00From: 2001-10-30→ Common Stock (1,000,000 underlying)
  • Sale

    Series A Convertible Preferred Stock

    2003-12-19−160,000→ 347,432 total(indirect: See footnotes.)
    From: 2001-10-30→ Common Stock (1,600,000 underlying)
  • Sale

    Series A Convertible Preferred Stock

    2004-01-20−115,000→ 232,432 total(indirect: See footnotes.)
    From: 2001-10-30→ Common Stock (1,150,000 underlying)
  • Sale

    Warrants to Purchase Common Stock

    2003-12-19−300,000→ 427,500 total(indirect: See footnotes.)
    From: 2001-06-11Exp: 2008-07-08→ Common Stock (300,000 underlying)
  • Sale

    Common Stock

    2003-12-19−32,086→ 48,131 total(indirect: See footnotes)
  • Sale

    Common Stock

    2004-01-20−23,063→ 25,068 total(indirect: See footnotes)
  • Other

    Series A Convertible Preferred Stock

    2004-03-19$10.00/sh−84,859$848,590→ 0 total(indirect: See footnotes)
    From: 2001-10-30→ Common Stock (848,590 underlying)
  • Other

    Series E Convertible Preferred Stock

    2004-03-19$100.00/sh+8,486$848,600→ 8,486 total(indirect: See footnotes)
    From: 2004-03-19→ Common Stock (848,600 underlying)
  • Other

    Series A Convertible Preferred Stock

    2004-03-19$13.00/sh−47,573$618,449→ 84,859 total(indirect: See footnotes)
    From: 2001-10-30→ Common Stock (475,730 underlying)
  • Sale

    Warrants to Purchase Common Stock

    2004-01-20−215,625→ 234,375 total(indirect: See footnotes.)
    From: 2001-06-11Exp: 2008-07-08→ Common Stock (215,625 underlying)
  • Conversion

    Common Stock

    2004-03-19$1.00/sh+1,000,000$1,000,000→ 1,025,068 total(indirect: See footnotes)
  • Sale

    Common Stock

    2004-03-19$1.00/sh−1,000,000$1,000,000→ 25,068 total(indirect: See footnotes)
MSDW OIP INVESTORS INC GENERAL PRTNRS ORIG INV PLAN LP
10% Owner
Transactions
  • Sale

    Series A Convertible Preferred Stock

    2003-12-19−160,000→ 347,432 total(indirect: See footnotes.)
    From: 2001-10-30→ Common Stock (1,600,000 underlying)
  • Conversion

    Series A Convertible Preferred Stock

    2004-03-19−100,000→ 132,432 total(indirect: See footnotes.)
    Exercise: $10.00From: 2001-10-30→ Common Stock (1,000,000 underlying)
  • Sale

    Common Stock

    2004-01-20−23,063→ 25,068 total(indirect: See footnotes)
  • Other

    Series A Convertible Preferred Stock

    2004-03-19$13.00/sh−47,573$618,449→ 84,859 total(indirect: See footnotes)
    From: 2001-10-30→ Common Stock (475,730 underlying)
  • Sale

    Common Stock

    2004-03-19$1.00/sh−1,000,000$1,000,000→ 25,068 total(indirect: See footnotes)
  • Other

    Series E Convertible Preferred Stock

    2004-03-19$100.00/sh+8,486$848,600→ 8,486 total(indirect: See footnotes)
    From: 2004-03-19→ Common Stock (848,600 underlying)
  • Sale

    Common Stock

    2003-12-19−32,086→ 48,131 total(indirect: See footnotes)
  • Other

    Series A Convertible Preferred Stock

    2004-03-19$10.00/sh−84,859$848,590→ 0 total(indirect: See footnotes)
    From: 2001-10-30→ Common Stock (848,590 underlying)
  • Conversion

    Common Stock

    2004-03-19$1.00/sh+1,000,000$1,000,000→ 1,025,068 total(indirect: See footnotes)
  • Sale

    Warrants to Purchase Common Stock

    2003-12-19−300,000→ 427,500 total(indirect: See footnotes.)
    From: 2001-06-11Exp: 2008-07-08→ Common Stock (300,000 underlying)
  • Sale

    Series A Convertible Preferred Stock

    2004-01-20−115,000→ 232,432 total(indirect: See footnotes.)
    From: 2001-10-30→ Common Stock (1,150,000 underlying)
  • Sale

    Warrants to Purchase Common Stock

    2004-01-20−215,625→ 234,375 total(indirect: See footnotes.)
    From: 2001-06-11Exp: 2008-07-08→ Common Stock (215,625 underlying)
MSDW OIP INVESTORS INC
10% Owner
Transactions
  • Conversion

    Series A Convertible Preferred Stock

    2004-03-19−100,000→ 132,432 total(indirect: See footnotes.)
    Exercise: $10.00From: 2001-10-30→ Common Stock (1,000,000 underlying)
  • Conversion

    Common Stock

    2004-03-19$1.00/sh+1,000,000$1,000,000→ 1,025,068 total(indirect: See footnotes)
  • Sale

    Series A Convertible Preferred Stock

    2004-01-20−115,000→ 232,432 total(indirect: See footnotes.)
    From: 2001-10-30→ Common Stock (1,150,000 underlying)
  • Sale

    Common Stock

    2003-12-19−32,086→ 48,131 total(indirect: See footnotes)
  • Sale

    Warrants to Purchase Common Stock

    2004-01-20−215,625→ 234,375 total(indirect: See footnotes.)
    From: 2001-06-11Exp: 2008-07-08→ Common Stock (215,625 underlying)
  • Sale

    Common Stock

    2004-03-19$1.00/sh−1,000,000$1,000,000→ 25,068 total(indirect: See footnotes)
  • Sale

    Warrants to Purchase Common Stock

    2003-12-19−300,000→ 427,500 total(indirect: See footnotes.)
    From: 2001-06-11Exp: 2008-07-08→ Common Stock (300,000 underlying)
  • Other

    Series A Convertible Preferred Stock

    2004-03-19$13.00/sh−47,573$618,449→ 84,859 total(indirect: See footnotes)
    From: 2001-10-30→ Common Stock (475,730 underlying)
  • Sale

    Series A Convertible Preferred Stock

    2003-12-19−160,000→ 347,432 total(indirect: See footnotes.)
    From: 2001-10-30→ Common Stock (1,600,000 underlying)
  • Other

    Series E Convertible Preferred Stock

    2004-03-19$100.00/sh+8,486$848,600→ 8,486 total(indirect: See footnotes)
    From: 2004-03-19→ Common Stock (848,600 underlying)
  • Sale

    Common Stock

    2004-01-20−23,063→ 25,068 total(indirect: See footnotes)
  • Other

    Series A Convertible Preferred Stock

    2004-03-19$10.00/sh−84,859$848,590→ 0 total(indirect: See footnotes)
    From: 2001-10-30→ Common Stock (848,590 underlying)
Footnotes (9)
  • [F1]This statement is being filed by each of the following persons (the "Reporting Persons") pursuant to Rule 16a-3(j) promulgated by the Securities and Exchange Commission (the "Commission") pursuant to Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"): Morgan Stanley, a Delaware corporation ("MS"), Morgan Stanley Dean Witter Equity Funding, Inc., a Delaware corporation ("Equity Funding", Originators Investment Plan, L.P., a Delaware limited partnership ("Originators") and MSDW OIP Investors, L.P., a Delaware limited partnership ("OIP").
  • [F2]MS and OIP disclaim beneficial ownership of the securities of the Issuer directly beneficially owned by Originators and Equity Funding, respectively, except to the extent of their respective pecuniary interests therein. As of the date hereof, (i) Equity Funding directly beneficially owns 23,814 shares of Common Stock, 222,656 Common Stock Warrants and 8,062 shares of Series E Preferred Stock; and (ii) Originators directly beneficially owns 1,254 shares of Common Stock, 11,719 Common Stock Warrants and 424 shares of Series E Preferred Stock. The sole general partner of Originators is OIP, which may be deemed to indirectly beneficially own the securities directly beneficially owned by Originators. OIP and Equity Funding are a wholly-owned subsidiaries of MS, which may be deemed to indirectly beneficially own the securities directly beneficially owned by Originators and Equity Funding.
  • [F3]Equity Funding sold 152,000 shares of Series A Preferred Stock, 30,482 shares of Common Stock and 285,000 Common Stock Warrants for an aggregate purchase price of of $1,520,000 directly beneficially owned by it. Originators sold 8,000 shares of Series A Preferred Stock, 1,604 shares of Common Stock and 15,000 Common Stock Warrants directly beneficially owned by it for an aggregate purchase price of $80,000 in a private sale to third parties.
  • [F4]Equity Funding sold 109,250 shares of Series A Preferred Stock, 21,910 shares of Common Stock and 204,844 Common Stock Warrants for an aggregate purchase price of of $1,092,500 directly beneficially owned by it. Originators sold 5,750 shares of Series A Preferred Stock, 1,153 shares of Common Stock and 10,781 Common Stock Warrants directly beneficially owned by it for an aggregate purchase price of $57,500 in a private sale to third parties.
  • [F5]Equity Funding converted 95,000 shares of Series A Preferred Stock into 950,000 shares of Common Stock and sold such shares for a purchase price of $950,000, or $1 per share, in a private sale to third parties. Originators converted 5,000 shares of Series A Preferred Stock into 50,000 shares of Common Stock and sold such shares of such Common Stock for a purchase price of $50,000, or $1 per share in a private sale to third parties.
  • [F6]Equity Funding tendered 45,194 shares of Series A Preferred Stock to the Issuer, and the Issuer redeemed such shares for a purchase price of $587,522, or $13 per share. Originators tendered 2,379 shares of Series A Preferred Stock to the Issuer, and the Issuer redeemed such shares for a purchase price of $30,927, or $13 per share.
  • [F7]Equity Funding tendered for redemption, and the Issuer redeemed, all of its remaining shares of Series A Preferred Stock stock at the rate of 10 for 1, to the Issuer (or 806,164 shares) in exchange for 8,062 shares of Series E Preferred Stock. Originators tendered for redemption, and the Issuer redeemed, all of its remaining shares of Series A Preferred Stock stock at the rate of 10 for 1, to the Issuer (or 42,426 shares) in exchange for 424 shares of Series E Preferred Stock. Each share of Series A Preferred Stock was convertible into 10 shares of common stock and each share of Series E Preferred Stock is convertible into 100 shares of common stock.
  • [F8]None.
  • [F9]The transaction is not an exercise or a conversion of derivative security.

Documents

1 file

Issuer

ELECTRIC CITY CORP

CIK 0001065860

→
Entity typeother
IncorporatedDE

Related Parties

1
  • filerCIK 0001208129

Filing Metadata

Form type
4
Filed
Apr 25, 8:00 PM ET
Accepted
Apr 26, 8:49 PM ET
Size
37.7 KB
View on SEC.gov