FREDENBURG WESLEY C 4
4 · XATA CORP /MN/ · Filed Feb 13, 2009
Insider Transaction Report
Form 4
XATA CORP /MN/XATA
FREDENBURG WESLEY C
General Counsel and Secretary
Transactions
- Purchase
Series E preferred stock
2009-02-12$2.22/sh+13,514$30,001→ 13,514 total→ Common stock, $0.01 par value (13,514 underlying) - Purchase
Warrant to purchase common stock, $0.01 par value
2009-02-12$0.13/sh+4,054$507→ 4,054 totalExercise: $2.22Exp: 2016-02-12→ Common stock, $0.01 par value (4,054 underlying)
Footnotes (3)
- [F1]The Series E preferred stock is convertible into common stock of the Issuer at an initial conversion rate of one share of common stock for each share of Series E preferred stock. The number of shares of common stock issuable upon conversion of the Series E preferred stock is subject to adjustment based on changes in the conversion price, which is $2.22 initially, in the event of stock splits and similar events, and in the event of stock issuances below either the market price or the conversion price (other than certain customary exceptions). The number of shares issuable upon conversion of a share of Series E perferred stock at any time will determined by dividing the original issue price of such share, $2.22, by the converison price then in effect.
- [F2]Immediately exercisable.
- [F3]Series E preferred stock has no expiration date.