4//SEC Filing
Bodnick Marc 4
Accession 0001209191-09-045532
CIK 0001100389other
Filed
Sep 22, 8:00 PM ET
Accepted
Sep 23, 5:17 PM ET
Size
30.2 KB
Accession
0001209191-09-045532
Insider Transaction Report
Form 4
PALM INCPALM
Elevation Partners, L.P.
Director10% Owner
Transactions
- Purchase
Common Stock
2009-09-22$16.25/sh+646$10,498→ 3,812 total(indirect: See footnote) - Purchase
Common Stock
2009-09-22$16.25/sh+2,153,200$34,989,500→ 10,316,700 total
Elevation Employee Side Fund, LLC
10% Owner
Transactions
- Purchase
Common Stock
2009-09-22$16.25/sh+2,153,200$34,989,500→ 10,316,700 total - Purchase
Common Stock
2009-09-22$16.25/sh+646$10,498→ 3,812 total(indirect: See footnote)
Elevation Associates, L.P.
10% Owner
Transactions
- Purchase
Common Stock
2009-09-22$16.25/sh+2,153,200$34,989,500→ 10,316,700 total - Purchase
Common Stock
2009-09-22$16.25/sh+646$10,498→ 3,812 total(indirect: See footnote)
Elevation Management, LLC
10% Owner
Transactions
- Purchase
Common Stock
2009-09-22$16.25/sh+646$10,498→ 3,812 total(indirect: See footnote) - Purchase
Common Stock
2009-09-22$16.25/sh+2,153,200$34,989,500→ 10,316,700 total
Bodnick Marc
10% Owner
Transactions
- Purchase
Common Stock
2009-09-22$16.25/sh+646$10,498→ 3,812 total(indirect: See footnote) - Purchase
Common Stock
2009-09-22$16.25/sh+2,153,200$34,989,500→ 10,316,700 total
Hewson Paul
10% Owner
Transactions
- Purchase
Common Stock
2009-09-22$16.25/sh+646$10,498→ 3,812 total(indirect: See footnote) - Purchase
Common Stock
2009-09-22$16.25/sh+2,153,200$34,989,500→ 10,316,700 total
PEARLMAN BRET D
10% Owner
Transactions
- Purchase
Common Stock
2009-09-22$16.25/sh+2,153,200$34,989,500→ 10,316,700 total - Purchase
Common Stock
2009-09-22$16.25/sh+646$10,498→ 3,812 total(indirect: See footnote)
Elevation Associates, LLC
10% Owner
Transactions
- Purchase
Common Stock
2009-09-22$16.25/sh+2,153,200$34,989,500→ 10,316,700 total - Purchase
Common Stock
2009-09-22$16.25/sh+646$10,498→ 3,812 total(indirect: See footnote)
Footnotes (7)
- [F1]This Form 4 is filed on behalf of a group consisting of Elevation Partners, L.P. ("Elevation Partners"), Elevation Associates, L.P. ("Elevation GP"), Elevation Associates, LLC ("Elevation LLC"), Elevation Employee Side Fund, LLC ("Side Fund"), Elevation Management, LLC ("Elevation Management"), Mr. Marc Bodnick, Mr. Paul Hewson and Mr. Bret Pearlman. Elevation GP is the sole general partner of Elevation Partners, and Elevation LLC is the sole general partner of Elevation GP. Elevation Management is the sole managing member of Side Fund. Messrs. Bodnick, Hewson and Pearlman are managers of each of Elevation LLC and Elevation Management, as are Mr. Fred Anderson and Mr. Roger McNamee, who are filing Forms 4 separately. Each of the Reporting Persons may be deemed to be a director by deputization of the Issuer.
- [F2]As the sole general partner of Elevation Partners, Elevation GP may be deemed to be the indirect beneficial owner of such securities under Rule 16a-1(a)(2) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Elevation GP disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest. As the sole general partner of Elevation GP, Elevation LLC may be deemed to be the indirect beneficial owner of such securities under Rule 16a-1(a)(2) promulgated under the Exchange Act. However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Elevation LLC disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest.
- [F3]As the sole managing member of Side Fund, Elevation Management may be deemed to be the indirect beneficial owner of such securities under Rule 16a-1(a)(2) promulgated under the Exchange Act. However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Elevation Management disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest.
- [F4]As managers of each of Elevation LLC and Elevation Management, Messrs. Bodnick, Hewson and Pearlman may be deemed to be the indirect beneficial owner of such securities under Rule 16a-1(a)(2) promulgated under the Exchange Act. However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, each of Messrs. Bodnick, Hewson and Pearlman disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest.
- [F5]Elevation Partners and Side Fund, as applicable, purchased these shares of common stock, par value $0.001 per share, of the Issuer ("Common Stock") from the underwriters in a underwritten secondary offering of Common Stock.
- [F6]These securities are directly owned by Elevation Partners. Elevation GP, Elevation LLC and Messrs. Bodnick, Hewson and Pearlman may have indirect beneficial ownership of these shares. See Footnotes 1, 2 and 4.
- [F7]These securities are directly owned by Side Fund. Elevation Management and Messrs. Bodnick, Hewson and Pearlman may have indirect beneficial ownership of these securities. See Footnotes 1, 3 and 4.
Issuer
PALM INC
CIK 0001100389
Entity typeother
Related Parties
1- filerCIK 0001346413
Filing Metadata
- Form type
- 4
- Filed
- Sep 22, 8:00 PM ET
- Accepted
- Sep 23, 5:17 PM ET
- Size
- 30.2 KB