McNamee Roger 4
4 · PALM INC · Filed Jul 2, 2010
Insider Transaction Report
Form 4
PALM INCPALM
McNamee Roger
Director10% Owner
Transactions
- Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−103$104,030→ 0 total(indirect: See footnote)Exercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (12,118 underlying) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−10,316,700$58,805,190→ 0 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−3,812$21,728→ 0 total(indirect: See footnote) - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−50,979$89,409,519→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (15,685,846 underlying) - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−21$36,831→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (6,461 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−3,568,530$8,742,899→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (3,568,530 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−1,470$3,602→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (1,470 underlying) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−133,544$761,201→ 0 total(indirect: See footnote) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−324,897$328,145,970→ 0 total(indirect: See footnote)Exercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (38,223,176 underlying)
Footnotes (3)
- [F1]These securities are directly owned by Elevation Partners, L.P. ("Elevation Partners"). Elevation Associates, L.P. ("Elevation GP") is the sole general partner of Elevation Partners, and Elevation Associates, LLC ("Elevation LLC") is the sole general partner of Elevation GP. Mr. McNamee is a manager of Elevation LLC. As manager of Elevation LLC, Mr. McNamee 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, Mr. McNamee disclaims that he is the beneficial owner of such securities, except to the extent of his pecuniary interest therein.
- [F2]These securities are directly owned by Elevation Employee Side Fund, LLC ("Side Fund"). Elevation Management, LLC ("Elevation Management") is the sole managing member of Side Fund. Mr. McNamee is a manager of Elevation Management. As a manager of Elevation Management, Mr. McNamee 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, Mr. McNamee disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
- [F3]Roger B. McNamee and Ann K. McNamee as trustees of the McNamee Trust U/T/A/D/ 3/27/1996.