COREL CORP 4
4 · COREL CORP · Filed Nov 30, 2009
Insider Transaction Report
Form 4
COREL CORPCREL
ESW Capital, LLC
10% OwnerOther
Transactions
- Sale
Common stock, no par value per share
2009-11-26$4.00/sh−4,495,644$17,982,576→ 0 total
Footnotes (2)
- [F1]The reporting person may be deemed to be a member of a group for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended (the "Act"), with Joseph A. Liemandt (its sole member and sole manager), Trilogy, Inc. (which is controlled by Mr. Liemandt), and Versata Enterprises, Inc. (a wholly-owned subsidiary of Trilogy, Inc.). The reporting person and each member of the group declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, a member of a group with respect to Corel Corporation (the "Issuer") or securities of the Issuer. Please see the Schedule 13D filed with the Securities and Exchange Commission on November 18, 2009 with respect to the Issuer's securities and the relationship of the reporting person, Mr. Liemandt, Trilogy, Inc. and Versata Enterprises, Inc. for additional details.
- [F2]As a result of the disposition reported in this Form 4, the members of the group will no longer be beneficial owners of more than 10% of the Issuer's securities and, therefore, should no longer be deemed to be a group for the purposes of Section 13(d) or 13(g) of the Act and to the extent that a member of the group was only an insider due to its ownership of 10% or more of the Issuer's securities or its status as a deemed member of a group that beneficially owned 10% or more of the Issuer's securities, such members of the group, including the reporting person, will no longer be insiders under Section 16 of the Act.