4//SEC Filing
AUTHENTEC INC 4
Accession 0001209191-07-040019
CIK 0001138830operating
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 5:44 PM ET
Size
35.6 KB
Accession
0001209191-07-040019
Insider Transaction Report
Form 4
AUTHENTEC INCAUTH
SIERRA VENTURES ASSOCIATES VII, LLC
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2007-07-02$2.00/sh+798,099$1,600,029→ 4,412,514 total(indirect: By Partnership) - Conversion
Common Stock
2007-07-02+3,387,125→ 3,387,125 total(indirect: By Partnership) - Conversion
Common Stock
2007-07-02$6.00/sh+225,618$1,353,708→ 3,612,743 total(indirect: By Partnership) - Other
Common Stock
2007-07-02$11.00/sh+1,672$18,392→ 3,614,415 total(indirect: By Partnership) - Sale
Common Stock
2007-07-02$11.00/sh−145,457$1,600,027→ 4,267,057 total(indirect: By Partnership) - Conversion
Series D Convertible Preferred Stock
2007-07-02−394,250→ 0 total(indirect: By Partnership)→ Common Stock (394,250 underlying) - Conversion
Series C Convertible Preferred Stock
2007-07-02−2,992,875→ 0 total(indirect: By Partnership)→ Common Stock (2,992,875 underlying) - Conversion
4% Senior Secured Convertible Promissory Note due 2010
2007-07-02→ 0 total(indirect: By Partnership)Exercise: $6.00Exp: 2010-12-31→ Common Stock (225,618 underlying) - Exercise of In-Money
Warrant to Purchase Shares of Series C Preferred Stock
2007-07-02−798,099→ 0 total(indirect: By Partnership)Exercise: $2.00From: 2003-02-24Exp: 2007-12-31→ Common Stock (798,099 underlying)
SIERRA VENTURES VIII A, LP
10% Owner
Transactions
- Sale
Common Stock
2007-07-02$11.00/sh−145,457$1,600,027→ 4,267,057 total(indirect: By Partnership) - Exercise of In-Money
Warrant to Purchase Shares of Series C Preferred Stock
2007-07-02−798,099→ 0 total(indirect: By Partnership)Exercise: $2.00From: 2003-02-24Exp: 2007-12-31→ Common Stock (798,099 underlying) - Conversion
Common Stock
2007-07-02$6.00/sh+225,618$1,353,708→ 3,612,743 total(indirect: By Partnership) - Exercise of In-Money
Common Stock
2007-07-02$2.00/sh+798,099$1,600,029→ 4,412,514 total(indirect: By Partnership) - Other
Common Stock
2007-07-02$11.00/sh+1,672$18,392→ 3,614,415 total(indirect: By Partnership) - Conversion
Series C Convertible Preferred Stock
2007-07-02−2,992,875→ 0 total(indirect: By Partnership)→ Common Stock (2,992,875 underlying) - Conversion
4% Senior Secured Convertible Promissory Note due 2010
2007-07-02→ 0 total(indirect: By Partnership)Exercise: $6.00Exp: 2010-12-31→ Common Stock (225,618 underlying) - Conversion
Common Stock
2007-07-02+3,387,125→ 3,387,125 total(indirect: By Partnership) - Conversion
Series D Convertible Preferred Stock
2007-07-02−394,250→ 0 total(indirect: By Partnership)→ Common Stock (394,250 underlying)
SIERRA VENTURES VIII B, LP
10% Owner
Transactions
- Conversion
Common Stock
2007-07-02+3,387,125→ 3,387,125 total(indirect: By Partnership) - Other
Common Stock
2007-07-02$11.00/sh+1,672$18,392→ 3,614,415 total(indirect: By Partnership) - Conversion
Common Stock
2007-07-02$6.00/sh+225,618$1,353,708→ 3,612,743 total(indirect: By Partnership) - Exercise of In-Money
Common Stock
2007-07-02$2.00/sh+798,099$1,600,029→ 4,412,514 total(indirect: By Partnership) - Sale
Common Stock
2007-07-02$11.00/sh−145,457$1,600,027→ 4,267,057 total(indirect: By Partnership) - Conversion
Series C Convertible Preferred Stock
2007-07-02−2,992,875→ 0 total(indirect: By Partnership)→ Common Stock (2,992,875 underlying) - Conversion
Series D Convertible Preferred Stock
2007-07-02−394,250→ 0 total(indirect: By Partnership)→ Common Stock (394,250 underlying) - Conversion
4% Senior Secured Convertible Promissory Note due 2010
2007-07-02→ 0 total(indirect: By Partnership)Exercise: $6.00Exp: 2010-12-31→ Common Stock (225,618 underlying) - Exercise of In-Money
Warrant to Purchase Shares of Series C Preferred Stock
2007-07-02−798,099→ 0 total(indirect: By Partnership)Exercise: $2.00From: 2003-02-24Exp: 2007-12-31→ Common Stock (798,099 underlying)
SIERRA VENTURES ASSOCIATES VIII, LLC
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2007-07-02$2.00/sh+798,099$1,600,029→ 4,412,514 total(indirect: By Partnership) - Conversion
Series D Convertible Preferred Stock
2007-07-02−394,250→ 0 total(indirect: By Partnership)→ Common Stock (394,250 underlying) - Conversion
Common Stock
2007-07-02+3,387,125→ 3,387,125 total(indirect: By Partnership) - Conversion
Common Stock
2007-07-02$6.00/sh+225,618$1,353,708→ 3,612,743 total(indirect: By Partnership) - Other
Common Stock
2007-07-02$11.00/sh+1,672$18,392→ 3,614,415 total(indirect: By Partnership) - Exercise of In-Money
Warrant to Purchase Shares of Series C Preferred Stock
2007-07-02−798,099→ 0 total(indirect: By Partnership)Exercise: $2.00From: 2003-02-24Exp: 2007-12-31→ Common Stock (798,099 underlying) - Sale
Common Stock
2007-07-02$11.00/sh−145,457$1,600,027→ 4,267,057 total(indirect: By Partnership) - Conversion
Series C Convertible Preferred Stock
2007-07-02−2,992,875→ 0 total(indirect: By Partnership)→ Common Stock (2,992,875 underlying) - Conversion
4% Senior Secured Convertible Promissory Note due 2010
2007-07-02→ 0 total(indirect: By Partnership)Exercise: $6.00Exp: 2010-12-31→ Common Stock (225,618 underlying)
SIERRA VENTURES VII LP/CA
10% Owner
Transactions
- Other
Common Stock
2007-07-02$11.00/sh+1,672$18,392→ 3,614,415 total(indirect: By Partnership) - Conversion
4% Senior Secured Convertible Promissory Note due 2010
2007-07-02→ 0 total(indirect: By Partnership)Exercise: $6.00Exp: 2010-12-31→ Common Stock (225,618 underlying) - Exercise of In-Money
Common Stock
2007-07-02$2.00/sh+798,099$1,600,029→ 4,412,514 total(indirect: By Partnership) - Conversion
Common Stock
2007-07-02$6.00/sh+225,618$1,353,708→ 3,612,743 total(indirect: By Partnership) - Conversion
Common Stock
2007-07-02+3,387,125→ 3,387,125 total(indirect: By Partnership) - Sale
Common Stock
2007-07-02$11.00/sh−145,457$1,600,027→ 4,267,057 total(indirect: By Partnership) - Exercise of In-Money
Warrant to Purchase Shares of Series C Preferred Stock
2007-07-02−798,099→ 0 total(indirect: By Partnership)Exercise: $2.00From: 2003-02-24Exp: 2007-12-31→ Common Stock (798,099 underlying) - Conversion
Series C Convertible Preferred Stock
2007-07-02−2,992,875→ 0 total(indirect: By Partnership)→ Common Stock (2,992,875 underlying) - Conversion
Series D Convertible Preferred Stock
2007-07-02−394,250→ 0 total(indirect: By Partnership)→ Common Stock (394,250 underlying)
Transactions
- Conversion
Common Stock
2007-07-02+3,387,125→ 3,387,125 total(indirect: By Partnership) - Conversion
Series D Convertible Preferred Stock
2007-07-02−394,250→ 0 total(indirect: By Partnership)→ Common Stock (394,250 underlying) - Conversion
4% Senior Secured Convertible Promissory Note due 2010
2007-07-02→ 0 total(indirect: By Partnership)Exercise: $6.00Exp: 2010-12-31→ Common Stock (225,618 underlying) - Conversion
Common Stock
2007-07-02$6.00/sh+225,618$1,353,708→ 3,612,743 total(indirect: By Partnership) - Exercise of In-Money
Common Stock
2007-07-02$2.00/sh+798,099$1,600,029→ 4,412,514 total(indirect: By Partnership) - Other
Common Stock
2007-07-02$11.00/sh+1,672$18,392→ 3,614,415 total(indirect: By Partnership) - Sale
Common Stock
2007-07-02$11.00/sh−145,457$1,600,027→ 4,267,057 total(indirect: By Partnership) - Conversion
Series C Convertible Preferred Stock
2007-07-02−2,992,875→ 0 total(indirect: By Partnership)→ Common Stock (2,992,875 underlying) - Exercise of In-Money
Warrant to Purchase Shares of Series C Preferred Stock
2007-07-02−798,099→ 0 total(indirect: By Partnership)Exercise: $2.00From: 2003-02-24Exp: 2007-12-31→ Common Stock (798,099 underlying)
Footnotes (11)
- [F1]The Convertible Preferred Stock is convertible into Common Stock at any time, at the holder?s election, on a one-for-one basis and has no expiration date. The number of underlying shares of Common Stock reflects a 1-for-4 reverse stock split effected on June 26, 2007, pursuant to which each share of Convertible Preferred Stock was converted into 1/4 of a share of Common Stock.
- [F10]The convertible note is held by Sierra Ventures Finance Limited, L.P. Sierra Ventures Management, LLC is the sole general partner of Sierra Ventures Finance Limited, L.P. and possesses voting and dispositive power over the shares of stock issuable upon conversion of an outstanding convertible note held by Sierra Ventures Finance Limited, L.P. Sierra Ventures Management, LLC disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.
- [F11]Includes a warrant to purchase 510,024 shares of stock owned by Sierra Ventures VIII-A, L.P., a warrant to purchase 4,972 shares of stock owned by Sierra Ventures VIII-B, L.P., a warrant to purchase 17,071 shares of stock owned by Sierra Ventures Associates VIII, LLC, as nominee for its members, a warrant to purchase 260,491 shares of stock owned by Sierra Ventures VII, L.P., and a warrant to purchase 5,541 shares of stock owned by Sierra Ventures Associates VII, LLC, as nominee for its members.
- [F2]Subsequent to the transactions described in Table 1 above, the beneficial ownership of shares includes 227,290 shares of stock held by Sierra Ventures Finance Limited, L.P., 2,556,005 shares of stock held by Sierra Ventures VIII-A, L.P., 24,916 shares of stock held by Sierra Ventures VIII-B, L.P., 112,257 shares of stock held by Sierra Ventures Associates VIII, LLC, as nominee for its members, 1,309,330 shares of stock held by Sierra Ventures VII, L.P., and 37,259 shares of stock held by Sierra Ventures Associates VII, LLC, as nominee for its members. Sierra Ventures Management, LLC is the sole general partner of Sierra Ventures Finance Limited, L.P. and possesses voting and dispositive power over the shares of stock issuable upon conversion of an outstanding convertible note held by Sierra Ventures Finance Limited, L.P. Sierra Ventures Management, LLC disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.
- [F3]Sierra Ventures Associates VII, LLC is the sole general partner of Sierra Ventures VII, L.P. and possesses voting and dispositive power over the shares held by Sierra Ventures VII, L.P. Sierra Ventures Associates VII, LLC disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein. Sierra Ventures Associates VIII, LLC is the sole general partner of Sierra Ventures VIII-A, L.P. and Sierra Ventures VIII-B, L.P. and possesses voting and dispositive power over the shares held by Sierra Ventures VIII-A, L.P. and Sierra Ventures VIII-B, L.P. Sierra Ventures Associates VIII, LLC disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.
- [F4]Represents the conversion of $18,395.64 of accrued interest associated with the convertible note at the conversion price equal to the fair market value at the time of the closing of the issuer?s initial public offering.
- [F5]Net exercise of the warrants held by Sierra Ventures VIII-A, L.P., Sierra Ventures VIII-B, L.P., Sierra Ventures Associates VIII, LLC, as nominee for its members, Sierra Ventures VII, L.P., and Sierra Ventures Associates VII, LLC, as nominee for its members for an aggregate acquisition of 652,642 shares of Common Stock.
- [F6]Includes 1,912,589 shares of stock held by Sierra Ventures VIII-A, L.P., 18,645 shares of stock held by Sierra Ventures VIII-B, L.P., 64,016 shares of stock held by Sierra Ventures Associates VIII, LLC, as nominee for its members, 976,844 shares of stock held by Sierra Ventures VII, L.P., and 20,781 shares of stock held by Sierra Ventures Associates VII, LLC, as nominee for its members.
- [F7]Includes 226,345 shares of stock held by Sierra Ventures VIII-A, L.P., 2,206 shares of stock held by Sierra Ventures VIII-B, L.P., 34,282 shares of stock held by Sierra Ventures Associates VIII, LLC, as nominee for its members, 119,470 shares of stock held by Sierra Ventures VII, L.P., and 11,947 shares of stock held by Sierra Ventures Associates VII, LLC, as nominee for its members.
- [F8]The exercise price reflects a 1-for-4 reverse stock split effected on June 26, 2007, pursuant to which each share of Common Stock was converted into 1/4 of a share of Common Stock.
- [F9]The note is to be automatically converted upon the closing of the issuer?s initial public offering or upon the consummation of a qualifying transaction resulting in a change of control of the issuer.
Documents
Issuer
AUTHENTEC INC
CIK 0001138830
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001138830
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 5:44 PM ET
- Size
- 35.6 KB