4//SEC Filing
Gagne David A 4
Accession 0001209191-09-021933
CIK 0000854398other
Filed
Apr 16, 8:00 PM ET
Accepted
Apr 17, 1:22 PM ET
Size
9.7 KB
Accession
0001209191-09-021933
Insider Transaction Report
Form 4
XATA CORP /MN/XATA
Gagne David A
EVP of Sales & Marketing
Transactions
- Other
Series F Preferred Stock
2009-04-15+2,252→ 2,252 total→ Common stock, $0.01 par value (2,252 underlying) - Other
Series E Preferred Stock
2009-04-15$2.22/sh−2,252$4,999→ 0 total→ Common stock, $0.01 par value (2,252 underlying)
Footnotes (4)
- [F1]On February 12, 2009, in connection with the execution and closing of the Common Stock Warrant and Series E Preferred Stock Purchase Agreement, the Company and the purchasers also entered into an Exchange Agreement under which the Company was obligated to exchange all shares of the Series E Preferred Stock for an equal number of shares of Series F Preferred Stock, a new series of preferred stock of the Company (the "Series F Preferred Stock"). The Series F Preferred Stock is identical to the Series E Preferred Stock in all respects, except that its liquidation preference is senior to the Company's existing series of preferred stock, whereas the Series E Preferred Stock's liquidation preference is junior to the existing series of Preferred Stock.
- [F2]Immediately exercisable.
- [F3]Preferred stock has no expiration date.
- [F4]The Series F 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 F Preferred stock. The number of shares of common stock issuable upon conversion of the Series F 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 F Preferred stock at any time will determined by dividing the original issue price of such share, $2.22, by the conversion price then in effect.
Documents
Issuer
XATA CORP /MN/
CIK 0000854398
Entity typeother
Related Parties
1- filerCIK 0001386800
Filing Metadata
- Form type
- 4
- Filed
- Apr 16, 8:00 PM ET
- Accepted
- Apr 17, 1:22 PM ET
- Size
- 9.7 KB