4//SEC Filing
OEP HOLDING CORP 4
Accession 0001209191-10-027460
CIK 0001328790other
Filed
May 12, 8:00 PM ET
Accepted
May 13, 12:51 PM ET
Size
20.9 KB
Accession
0001209191-10-027460
Insider Transaction Report
Form 4
OEP CHME Holdings, LLC
10% Owner
Transactions
- Conversion
Common Stock, par value $0.0001 per share
2010-05-11$3.00/sh+2,666,667$8,000,001→ 6,666,667 total - Conversion
Redeemable Convertible Preferred Stock
2010-05-11$30.00/sh−266,666.7$8,000,001→ 1,653,333.3 totalExercise: $3.00→ Common Stock (2,666,667 underlying)
One Equity Partners III, L.P.
10% Owner
Transactions
- Conversion
Common Stock, par value $0.0001 per share
2010-05-11$3.00/sh+2,666,667$8,000,001→ 6,666,667 total - Conversion
Redeemable Convertible Preferred Stock
2010-05-11$30.00/sh−266,666.7$8,000,001→ 1,653,333.3 totalExercise: $3.00→ Common Stock (2,666,667 underlying)
OEP General Partner III, L.P.
10% Owner
Transactions
- Conversion
Common Stock, par value $0.0001 per share
2010-05-11$3.00/sh+2,666,667$8,000,001→ 6,666,667 total - Conversion
Redeemable Convertible Preferred Stock
2010-05-11$30.00/sh−266,666.7$8,000,001→ 1,653,333.3 totalExercise: $3.00→ Common Stock (2,666,667 underlying)
OEP HOLDING CORP
10% Owner
Transactions
- Conversion
Common Stock, par value $0.0001 per share
2010-05-11$3.00/sh+2,666,667$8,000,001→ 6,666,667 total - Conversion
Redeemable Convertible Preferred Stock
2010-05-11$30.00/sh−266,666.7$8,000,001→ 1,653,333.3 totalExercise: $3.00→ Common Stock (2,666,667 underlying)
Footnotes (4)
- [F1]These securities are held directly by OEP CHME Holdings, LLC, a Delaware limited liability company ("OEP"). The managing member of OEP is One Equity Partners III, L.P., a Cayman Islands limited partnership ("OEP III"), of which the sole general partner is OEP General Partner III, L.P., a Cayman Islands limited partnership ("OEP GP II"), of which the sole general partner is OEP Holding Corporation, a Delaware corporation ("OEP Holding"), of which the sole stockholder is Bank One Investment Corporation, a Delaware corporation ("BOI"), of which the sole stockholder is JPMorgan Capital Corporation, a Delaware corporation ("JPM CC"), of which the sole stockholder is Banc One Financial LLC, a Delaware limited liability company ("BOF LLC"), of which the sole member is JPMorgan Chase & Co., a Delaware corporation. The Reporting Persons are OEP, OEP III, OEP GP III and OEP Holding.
- [F2]The Redeemable Convertible Preferred Stock are convertible at any time, at the holder's election subject to the terms and conditions of (a) the Stock Subscription Agreement, dated as of December 31, 2009, among China Medicine Corporation, Mr. Yang Senshan and OEP CHME Holdings, LLC and (b) the China Medicine Corporation Certificate of Designation, Rights and Preferences, Redeemable Convertible Preferred Stock, dated as of December 31, 2009 (the "Certificate of Designation"). There is no expiration date on the conversion of the Redeemable Convertible Preferred Stock.
- [F3]In connection with the release on or about April 22, 2010 of $8,000,000 from escrow pursuant to the Ecrow Agreement, dated as of December 31, 2009, among OEP, China Medicine Corporation and JPMorgan Chase Bank, N.A., as escrow agent, OEP on May 11, 2010 converted 266,666.7 shares of Redeemable Convertible Preferred Stock into 2,666,667 shares of Common Stock. Following such conversion, OEP is the direct owner of 1,653,333.3 shares of Redeemable Convertible Preferred Stock. Each share of Redeemable Convertible Preferred Stock is convertible into 10 shares of Common Stock based on the Conversion Price (as defined below).
- [F4]Shares of Redeemable Convertible Preferred Stock are convertible into such number of shares of Common Stock as is determined by dividing US$30.00 by the Conversion Price in effect at the time of conversion. The current "Conversion Price" is US$3.00, and such Conversion Price is subject to customary anti-dilution adjustments as set forth in the Certificate of Designation.
Issuer
CHINA MEDICINE CORP
CIK 0001328790
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001266797
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 12:51 PM ET
- Size
- 20.9 KB