4//SEC Filing
DISTRIBUTED ENERGY SYSTEMS CORP 4
Accession 0001209191-08-023802
CIK 0001261482operating
Filed
Apr 9, 8:00 PM ET
Accepted
Apr 10, 7:09 PM ET
Size
10.1 KB
Accession
0001209191-08-023802
Insider Transaction Report
Form 4
Fox John C
Director
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2008-04-03$0.47/sh+1,400$658→ 1,400 totalExercise: $0.47From: 2008-04-03Exp: 2018-04-03→ Common Stock (1,400 underlying) - Award
Non-Qualified Stock Option (right to buy)
2008-01-31$0.57/sh+1,400$798→ 1,400 totalExercise: $0.57From: 2008-01-31Exp: 2018-01-31→ Common Stock (1,400 underlying)
Footnotes (3)
- [F1]These non-qualified stock options were granted to John C. Fox on January 31, 2008 and April 3, 2008, respectively, pursuant to the Distributed Energy Systems Corp. Board of Directors Compensation program and are 100% vested at the time of the grant.
- [F2]Mr. Fox was nominated by Perseus Partners VII, L.P. ("Perseus VII") as a director of the Issuer, pursuant to Perseus VII's rights under a Securities Purchase Agreement, dated May 10, 2007, between Perseus VII and the Issuer. Mr. Fox holds all options, shares of restricted common stock and other securities issued to him as a nominee of Perseus VII, and disclaims beneficial ownership thereof, except to the extent he may have any pecuniary interest therein.
- [F3]Perseus VII is a Delaware limited partnership. Its general partner is Perseus Partners VII GP, L.P., a Delaware limited partnership. Perseus Partners VII GP, L.L.C., a Delaware limited liability company, is the general partner of Perseus Partners VII GP, L.P. The sole member of Perseus Partners VII GP, L.L.C. is Perseus, L.L.C., a Delaware limited liability company. Perseuspur, L.L.C., a Delaware limited liability company, is the managing member of Perseus, L.L.C. Frank H. Pearl, individually, owns 72.9 % of Perseuspur, L.L.C. He also is the sole director and sole shareholder of Rappahannock Investment Company, a Delaware corporation, which in turn owns the remaining 27.1% of Perseuspur, L.L.C. By virtue of such control, Mr. Pearl may be deemed to have beneficial ownership of any shares or other securities that have been or may be issued to Mr. Fox as a nominee of Perseus VII.
Documents
Issuer
DISTRIBUTED ENERGY SYSTEMS CORP
CIK 0001261482
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001261482
Filing Metadata
- Form type
- 4
- Filed
- Apr 9, 8:00 PM ET
- Accepted
- Apr 10, 7:09 PM ET
- Size
- 10.1 KB