4/A//SEC Filing
Clark John Smith II 4/A
Accession 0001209191-09-003633
CIK 0001319644other
Filed
Jan 15, 7:00 PM ET
Accepted
Jan 16, 7:39 PM ET
Size
22.2 KB
Accession
0001209191-09-003633
Insider Transaction Report
Form 4/AAmended
IXI Mobile, Inc.IXMOPK
Butts Robert W
10% Owner
Transactions
- Conversion
Series A Preferred Stock
2008-12-31+304,354→ 304,354 total(indirect: See Footnote) - Sale
Warrants
2008-12-31−2,640,000→ 0 total(indirect: See Footnote)Exercise: $4.10Exp: 2012-11-25→ Common Stock (2,640,000 underlying) - Sale
Series A Preferred Stock
2008-12-31−304,354→ 0 total(indirect: See Footnote) - Conversion
Convertible Note
2008-12-31→ 0 total(indirect: See Footnote)Exercise: $34.50→ Series A Preferred Stock (304,354 underlying) - Sale
Common Stock
2008-12-31−5,400,000→ 0 total(indirect: See Footnote)
Clark John Smith II
10% Owner
Transactions
- Sale
Warrants
2008-12-31−2,640,000→ 0 total(indirect: See Footnote)Exercise: $4.10Exp: 2012-11-25→ Common Stock (2,640,000 underlying) - Conversion
Convertible Note
2008-12-31→ 0 total(indirect: See Footnote)Exercise: $34.50→ Series A Preferred Stock (304,354 underlying) - Sale
Series A Preferred Stock
2008-12-31−304,354→ 0 total(indirect: See Footnote) - Conversion
Series A Preferred Stock
2008-12-31+304,354→ 304,354 total(indirect: See Footnote) - Sale
Common Stock
2008-12-31−5,400,000→ 0 total(indirect: See Footnote)
Southpoint Capital Advisors LP
10% Owner
Transactions
- Sale
Common Stock
2008-12-31−5,400,000→ 0 total(indirect: See Footnote) - Sale
Series A Preferred Stock
2008-12-31−304,354→ 0 total(indirect: See Footnote) - Conversion
Series A Preferred Stock
2008-12-31+304,354→ 304,354 total(indirect: See Footnote) - Sale
Warrants
2008-12-31−2,640,000→ 0 total(indirect: See Footnote)Exercise: $4.10Exp: 2012-11-25→ Common Stock (2,640,000 underlying) - Conversion
Convertible Note
2008-12-31→ 0 total(indirect: See Footnote)Exercise: $34.50→ Series A Preferred Stock (304,354 underlying)
Southpoint GP, LP
10% Owner
Transactions
- Sale
Series A Preferred Stock
2008-12-31−304,354→ 0 total(indirect: See Footnote) - Conversion
Convertible Note
2008-12-31→ 0 total(indirect: See Footnote)Exercise: $34.50→ Series A Preferred Stock (304,354 underlying) - Sale
Common Stock
2008-12-31−5,400,000→ 0 total(indirect: See Footnote) - Conversion
Series A Preferred Stock
2008-12-31+304,354→ 304,354 total(indirect: See Footnote) - Sale
Warrants
2008-12-31−2,640,000→ 0 total(indirect: See Footnote)Exercise: $4.10Exp: 2012-11-25→ Common Stock (2,640,000 underlying)
Southpoint Capital Advisors LLC
10% Owner
Transactions
- Sale
Common Stock
2008-12-31−5,400,000→ 0 total(indirect: See Footnote) - Conversion
Series A Preferred Stock
2008-12-31+304,354→ 304,354 total(indirect: See Footnote) - Sale
Series A Preferred Stock
2008-12-31−304,354→ 0 total(indirect: See Footnote) - Sale
Warrants
2008-12-31−2,640,000→ 0 total(indirect: See Footnote)Exercise: $4.10Exp: 2012-11-25→ Common Stock (2,640,000 underlying) - Conversion
Convertible Note
2008-12-31→ 0 total(indirect: See Footnote)Exercise: $34.50→ Series A Preferred Stock (304,354 underlying)
Southpoint GP, LLC
10% Owner
Transactions
- Sale
Common Stock
2008-12-31−5,400,000→ 0 total(indirect: See Footnote) - Conversion
Series A Preferred Stock
2008-12-31+304,354→ 304,354 total(indirect: See Footnote) - Sale
Series A Preferred Stock
2008-12-31−304,354→ 0 total(indirect: See Footnote) - Sale
Warrants
2008-12-31−2,640,000→ 0 total(indirect: See Footnote)Exercise: $4.10Exp: 2012-11-25→ Common Stock (2,640,000 underlying) - Conversion
Convertible Note
2008-12-31→ 0 total(indirect: See Footnote)Exercise: $34.50→ Series A Preferred Stock (304,354 underlying)
Footnotes (4)
- [F1]Southpoint GP, LP, and its general partner Southpoint GP LLC, indirectly hold shares of Common Stock, Warrants of Convertible Notes on behalf of Southpoint Fund LP, Qualified Fund LP, and Southpoint Master Fund, LP, of which Southpoint GP, LP is the general partner. Southpoint Capital Advisors LP and its general partner Southpoint Capital Advisors LLC, indirectly hold shares of Common Stock or Warrants on behalf of Southpoint Fund LP, Southpoint Qualified Fund LP, Southpoint Master Fund, LP and Southpoint Offshore Fund, Ltd., for which Southpoint Capital Advisors LP serves as investment manager. Robert W. Butts and John S. Clark II report the shares held indirectly held by Southpoint GP LLC and Southpoint Capital Advisors LLC because as the managers of Southpoint GP LLC and Southpoint Capital Advisors LLC at the time of purchase, they controlled the voting and disposition of the securities.
- [F2]On December 31, 2008, the reporting person sold 5,400,000 shares of Common Stock, 304,354 shares of Series A Preferred Stock and Warrants to purchase 2,640,000 shares of Common Stock for a total cash payment of $340,890.
- [F3]The Warrants are immediately exercisable on a one-for-one basis into shares of Common Stock.
- [F4]On December 31, 2008, the terms of the Convertible Note were amended such that the Convertible Notes became convertible into shares of Series A Preferred Stock instead of Common Stock, at a conversion price of $34..50 per share. On December 31, 2008, the reporting person converted all outstanding Convertible Notes in 304,354 shares of the Issuer's Series A Preferred Stock. The conversion was pursuant to the terms of the Convertible Note and did not include any consideration. The conversion rights under the Convertible Notes did not have an expiration date.
Documents
Issuer
IXI Mobile, Inc.
CIK 0001319644
Entity typeother
Related Parties
1- filerCIK 0001378379
Filing Metadata
- Form type
- 4/A
- Filed
- Jan 15, 7:00 PM ET
- Accepted
- Jan 16, 7:39 PM ET
- Size
- 22.2 KB