Camden Learning CORP 4
4 · Camden Learning CORP · Filed Nov 25, 2009
Insider Transaction Report
Form 4
HUGHES DONALD W
DirectorCFO and Secretary10% Owner
Transactions
- Other
Common Stock
2009-11-23−838,772→ 1,999,449 total(indirect: See Footnote) - Disposition to Issuer
Warrants
2009-11-23−2,800,000→ 1,765,200 total(indirect: See Footnote)Exercise: $7.92From: 2009-11-23Exp: 2011-11-30→ Common Stock (2,800,000 underlying) - Disposition to Issuer
Common Stock
2009-11-23−151,768→ 2,838,221 total(indirect: See Footnote) - Disposition to Issuer
Warrants
2009-11-23$0.50/sh−1,765,200$882,600→ 0 total(indirect: See Footnote)Exercise: $7.92From: 2009-11-23Exp: 2011-11-30→ Common Stock (1,765,200 underlying) - Award
Common Stock
2009-11-23+575,000→ 2,989,989 total(indirect: See Footnote)
Footnotes (5)
- [F1]In connection with the Issuer's business combination consummated on November 23, 2009, 2,800,000 warrants were cancelled and exchanged for 575,000 restricted shares of Issuer's common stock.
- [F2]Managing member of Camden Learning, LLC and may be deemed to beneficially own the securities owned of record by it.
- [F3]In connection with the Issuer's business combination consummated on November 23, 2009, Camden Learning LLC agreed to cancel these shares.
- [F4]In connection with the Issuer's business combination consummated on November 23, 2009, Camden Learning LLC agreed to transfer these shares to certain other stockholders of the Issuer that agreed to vote in favor of the transaction.
- [F5]In connection with the Issuer's business combination consummated on November 23, 2009, warrants were redeemed by the Issuer at a price of $0.50 per warrant.