LECG CORP 4
4 · LECG CORP · Filed Mar 12, 2010
Insider Transaction Report
Form 4
LECG CORPXPRT
GAFFNEY CHRISTOPHER S
Director
Transactions
- Award
Series A Convertible Redeemable Preferred Stock
2010-03-10$3.96/sh+6,313,131$24,999,999→ 6,313,131 total(indirect: See Footnotes)Exercise: $3.96→ Common Stock (6,313,131 underlying) - Award
Common Stock
2010-03-10+10,927,869→ 10,927,869 total(indirect: See Footnotes)
Footnotes (7)
- [F1]Received in exchange for 61,890.212 shares of Redeemable Preferred Stock of Smart Business Holdings, Inc. ("Smart") in connection with the merger of LECG Corporation ("LECG") and Smart.
- [F2]Includes 10,882,548 shares directly beneficially owned by Great Hill Equity Partners III, LP ("GHEPIII"). Great Hill Partners GP III, L.P. ("GHEPIIIGP") is the sole general partner of GHEPIII and may be deemed to indirectly beneficially own the shares beneficially owned by GHEPIII. GHP III, LLC ("GHPIII") is the sole general partner of GHEPIIIGP and may be deemed to indirectly beneficially own the shares beneficially owned by GHEPIIIGP. The reporting person is a manager of GHPIII, and as such, may be deemed to indirectly beneficially own the shares beneficially owned by GHPIII. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F3]Includes 45,321 shares directly beneficially owned by Great Hill Investors, LLC ("GHI"). The reporting person is a manager of GHI, and as such, may be deemed to indirectly beneficially own the shares beneficially owned by GHI. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F4]Subject to adjustment from time to time in accordance with LECG's certificate of incorporation.
- [F5]The Series A Convertible Redeemable Preferred Stock is convertible at any time, at the holder's election, and has no expiration date. On or after March 10, 2012, LECG will have the right to cause the conversion of all outstanding shares of Series A Convertible Redeemable Preferred Stock.
- [F6]Includes 6,286,948 shares directly beneficially owned by GHEPIII. GHEPIIIGP is the sole general partner of GHEPIII and may be deemed to indirectly beneficially own the shares beneficially owned by GHEPIII. GHPIII is the sole general partner of GHEPIIIGP and may be deemed to indirectly beneficially own the shares beneficially owned by GHEPIIIGP. The reporting person is a manager of GHPIII, and as such, may be deemed to indirectly beneficially own the shares beneficially owned by GHPIII. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F7]Includes 26,183 shares directly beneficially owned by GHI. The reporting person is a manager of GHI, and as such, may be deemed to indirectly beneficially own the shares beneficially owned by GHI. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.