4//SEC Filing
BTHC VI Inc 4
Accession 0001209191-07-036748
CIK 0001368148operating
Filed
Jun 11, 8:00 PM ET
Accepted
Jun 12, 8:17 PM ET
Size
13.7 KB
Accession
0001209191-07-036748
Insider Transaction Report
Form 4
BTHC VI IncBVIC
SHEFFERY MICHAEL B
Director
Transactions
- Purchase
Warrant (right to purchase)
2007-06-08+750,000→ 750,000 total(indirect: By Partnership)Exercise: $6.00From: 2007-06-08Exp: 2012-06-08→ Common Stock (750,000 underlying) - Purchase
Common Stock
2007-06-08$5.00/sh+3,000,000$15,000,000→ 3,000,000 total(indirect: By Partnership) - Award
Director stock option (right to purchase)
2007-06-08+75,000→ 75,000 totalExercise: $5.00Exp: 2017-06-08→ Common Stock (75,000 underlying)
Footnotes (5)
- [F1]The reporting person is a partner of OrbiMed Advisors LLC. The amount shown represents (i) 2,971,698 shares of common stock held directly by Caduceus Private Investments III, LP and (ii) 28,302 shares of common stock held directly by OrbiMed Associates III, LP. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
- [F2]The option vests 50%/25%/25% over three years in quarterly increments.
- [F3]The option was granted to Mr. Sheffery, a director of BTHC. Mr. Sheffery is also a partner of OrbiMed Advisors LLC and OrbiMed Capital GP III LLC, which is the General Partner of Caduceus Private Investments III, LP. Mr. Sheffery is obligated to transfer any shares issued under the option to Caduceus Private Investments III, LP and OrbiMed Associates III, LP.
- [F4]For each share of common stock of BTHC purchased, the purchaser also received a warrant to purchase .25 shares of common stock.
- [F5]The reporting person is a partner of OrbiMed Advisors LLC. The amount shown represents (i) warrants to purchase 742,925 shares of common stock held directly by Caduceus Private Investments III, LP and (ii) warrants to purchase 7,075 shares of common stock held directly by OrbiMed Associates III, LP. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
Issuer
BTHC VI Inc
CIK 0001368148
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001368148
Filing Metadata
- Form type
- 4
- Filed
- Jun 11, 8:00 PM ET
- Accepted
- Jun 12, 8:17 PM ET
- Size
- 13.7 KB