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MCDERMOTT CHARLES J 4

Accession 0001209191-10-038192

CIK 0000889423other
View on SEC.govCompany Profile

Filed

Jul 11, 8:00 PM ET

Accepted

Jul 12, 5:46 PM ET

Size

27.8 KB

Accession

0001209191-10-038192

Insider Transaction Report

Form 4
Period: 2009-10-03
SATCON TECHNOLOGY CORPSATC
RockPort Capital II, L.L.C.
10% Owner
Transactions
  • Award

    Stock Option (Right to Buy)

    2010-06-08+23,000→ 86,000 total(indirect: See Footnote)
    Exercise: $2.25From: 2010-06-08Exp: 2020-06-08→ Common Stock (23,000 underlying)
  • Award

    Warrant to purchase Common Stock

    2009-10-03+10,747→ 27,865,393 total
    Exercise: $1.66From: 2009-10-03Exp: 2016-10-03→ Common Stock (10,747 underlying)
  • Award

    Warrant to purchase Common Stock

    2010-06-30+147,680→ 28,670,015 total
    Exercise: $1.66From: 2010-06-30Exp: 2017-06-30→ Common Stock (147,680 underlying)
  • Award

    Warrant to purchase Common Stock

    2010-03-31+94,456→ 28,342,541 total
    Exercise: $1.66From: 2010-03-31Exp: 2017-03-31→ Common Stock (94,456 underlying)
  • Award

    Warrant to purchase Common Stock

    2009-12-31+29,030→ 28,070,266 total
    Exercise: $1.66From: 2009-12-31Exp: 2016-12-31→ Common Stock (29,030 underlying)
Wilson Stoddard Moran
10% Owner
Transactions
  • Award

    Warrant to purchase Common Stock

    2010-03-31+94,456→ 28,342,541 total
    Exercise: $1.66From: 2010-03-31Exp: 2017-03-31→ Common Stock (94,456 underlying)
  • Award

    Warrant to purchase Common Stock

    2009-10-03+10,747→ 27,865,393 total
    Exercise: $1.66From: 2009-10-03Exp: 2016-10-03→ Common Stock (10,747 underlying)
  • Award

    Stock Option (Right to Buy)

    2010-06-08+23,000→ 86,000 total(indirect: See Footnote)
    Exercise: $2.25From: 2010-06-08Exp: 2020-06-08→ Common Stock (23,000 underlying)
  • Award

    Warrant to purchase Common Stock

    2010-06-30+147,680→ 28,670,015 total
    Exercise: $1.66From: 2010-06-30Exp: 2017-06-30→ Common Stock (147,680 underlying)
  • Award

    Warrant to purchase Common Stock

    2009-12-31+29,030→ 28,070,266 total
    Exercise: $1.66From: 2009-12-31Exp: 2016-12-31→ Common Stock (29,030 underlying)
RockPort Capital Partners II, LP
10% Owner
Transactions
  • Award

    Warrant to purchase Common Stock

    2009-10-03+10,747→ 27,865,393 total
    Exercise: $1.66From: 2009-10-03Exp: 2016-10-03→ Common Stock (10,747 underlying)
  • Award

    Stock Option (Right to Buy)

    2010-06-08+23,000→ 86,000 total(indirect: See Footnote)
    Exercise: $2.25From: 2010-06-08Exp: 2020-06-08→ Common Stock (23,000 underlying)
  • Award

    Warrant to purchase Common Stock

    2010-06-30+147,680→ 28,670,015 total
    Exercise: $1.66From: 2010-06-30Exp: 2017-06-30→ Common Stock (147,680 underlying)
  • Award

    Warrant to purchase Common Stock

    2010-03-31+94,456→ 28,342,541 total
    Exercise: $1.66From: 2010-03-31Exp: 2017-03-31→ Common Stock (94,456 underlying)
  • Award

    Warrant to purchase Common Stock

    2009-12-31+29,030→ 28,070,266 total
    Exercise: $1.66From: 2009-12-31Exp: 2016-12-31→ Common Stock (29,030 underlying)
JAMES WILLIAM E
10% Owner
Transactions
  • Award

    Warrant to purchase Common Stock

    2009-12-31+29,030→ 28,070,266 total
    Exercise: $1.66From: 2009-12-31Exp: 2016-12-31→ Common Stock (29,030 underlying)
  • Award

    Warrant to purchase Common Stock

    2009-10-03+10,747→ 27,865,393 total
    Exercise: $1.66From: 2009-10-03Exp: 2016-10-03→ Common Stock (10,747 underlying)
  • Award

    Stock Option (Right to Buy)

    2010-06-08+23,000→ 86,000 total(indirect: See Footnote)
    Exercise: $2.25From: 2010-06-08Exp: 2020-06-08→ Common Stock (23,000 underlying)
  • Award

    Warrant to purchase Common Stock

    2010-06-30+147,680→ 28,670,015 total
    Exercise: $1.66From: 2010-06-30Exp: 2017-06-30→ Common Stock (147,680 underlying)
  • Award

    Warrant to purchase Common Stock

    2010-03-31+94,456→ 28,342,541 total
    Exercise: $1.66From: 2010-03-31Exp: 2017-03-31→ Common Stock (94,456 underlying)
MCDERMOTT CHARLES J
10% Owner
Transactions
  • Award

    Warrant to purchase Common Stock

    2010-06-30+147,680→ 28,670,015 total
    Exercise: $1.66From: 2010-06-30Exp: 2017-06-30→ Common Stock (147,680 underlying)
  • Award

    Warrant to purchase Common Stock

    2009-12-31+29,030→ 28,070,266 total
    Exercise: $1.66From: 2009-12-31Exp: 2016-12-31→ Common Stock (29,030 underlying)
  • Award

    Warrant to purchase Common Stock

    2010-03-31+94,456→ 28,342,541 total
    Exercise: $1.66From: 2010-03-31Exp: 2017-03-31→ Common Stock (94,456 underlying)
  • Award

    Warrant to purchase Common Stock

    2009-10-03+10,747→ 27,865,393 total
    Exercise: $1.66From: 2009-10-03Exp: 2016-10-03→ Common Stock (10,747 underlying)
  • Award

    Stock Option (Right to Buy)

    2010-06-08+23,000→ 86,000 total(indirect: See Footnote)
    Exercise: $2.25From: 2010-06-08Exp: 2020-06-08→ Common Stock (23,000 underlying)
ELLIS ALEXANDER III
10% Owner
Transactions
  • Award

    Warrant to purchase Common Stock

    2010-06-30+147,680→ 28,670,015 total
    Exercise: $1.66From: 2010-06-30Exp: 2017-06-30→ Common Stock (147,680 underlying)
  • Award

    Warrant to purchase Common Stock

    2010-03-31+94,456→ 28,342,541 total
    Exercise: $1.66From: 2010-03-31Exp: 2017-03-31→ Common Stock (94,456 underlying)
  • Award

    Warrant to purchase Common Stock

    2009-12-31+29,030→ 28,070,266 total
    Exercise: $1.66From: 2009-12-31Exp: 2016-12-31→ Common Stock (29,030 underlying)
  • Award

    Warrant to purchase Common Stock

    2009-10-03+10,747→ 27,865,393 total
    Exercise: $1.66From: 2009-10-03Exp: 2016-10-03→ Common Stock (10,747 underlying)
  • Award

    Stock Option (Right to Buy)

    2010-06-08+23,000→ 86,000 total(indirect: See Footnote)
    Exercise: $2.25From: 2010-06-08Exp: 2020-06-08→ Common Stock (23,000 underlying)
James Janet Burrows
10% Owner
Transactions
  • Award

    Warrant to purchase Common Stock

    2009-10-03+10,747→ 27,865,393 total
    Exercise: $1.66From: 2009-10-03Exp: 2016-10-03→ Common Stock (10,747 underlying)
  • Award

    Stock Option (Right to Buy)

    2010-06-08+23,000→ 86,000 total(indirect: See Footnote)
    Exercise: $2.25From: 2010-06-08Exp: 2020-06-08→ Common Stock (23,000 underlying)
  • Award

    Warrant to purchase Common Stock

    2010-06-30+147,680→ 28,670,015 total
    Exercise: $1.66From: 2010-06-30Exp: 2017-06-30→ Common Stock (147,680 underlying)
  • Award

    Warrant to purchase Common Stock

    2010-03-31+94,456→ 28,342,541 total
    Exercise: $1.66From: 2010-03-31Exp: 2017-03-31→ Common Stock (94,456 underlying)
  • Award

    Warrant to purchase Common Stock

    2009-12-31+29,030→ 28,070,266 total
    Exercise: $1.66From: 2009-12-31Exp: 2016-12-31→ Common Stock (29,030 underlying)
Footnotes (8)
  • [F1]These securities are owned by RockPort Capital Partners II, L.P. ("RockPort"). These securities may be deemed to be beneficially owned by RockPort Capital II, LLC ("RockPort LLC"), and Alexander Ellis III, Janet B. James, William E. James, Charles J. McDermott, Stoddard M. Wilson and David J. Prend (the "Members"). RockPort LLC is the general partner of RockPort. Each of the Members are managing members of RockPort LLC. David Prend is also a director of SatCon and has reported his beneficial ownership of the reported securities on a Form 4, filed on the date hereof. Each of RockPort LLC and the Members (the "Reporting Persons") disclaim beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Act of 1934, as amended, or for any other purpose.
  • [F2]The Warrants to purchase Common Stock feature a cashless exercise provision and are subject to anti-dilution adjustments as set forth in the Form of Tranche 2 Warrant and Additional Warrant (incorporated in this Form 4 by reference to Exhibit 10.5 of the Current Report on Form 8-K filed by SatCon on November 14, 2007), as amended by that certain Agreement to Amend Warrants dated July 3, 2009 (incorporated in this Form 4 by reference to Exhibit 10.1 of the Current Report on Form 8-K filed by SatCon on July 8, 2009).
  • [F3]The Warrants to purchase Common Stock were received pursuant to the terms of a Stock and Warrant Purchase Agreement dated November 8, 2007 (incorporated in this Form 4 by reference to Exhibit 10.3 of the Current Report on Form 8-K filed by SatCon on November 14, 2007) upon the exercise of certain of SatCon's existing warrants as more fully described in the Form 8-K filed by SatCon on November 14, 2007.
  • [F4]Includes 23,000 options to purchase shares of Common Stock, at an exercise price of $2.25 per share, granted to David Prend on June 8, 2010 in connection with his service as a director of SatCon. These options became fully exercisable on the date of grant and remain exercisable until June 8, 2020. RockPort and RockPort LLC have the right to the economic benefit of this grant. As a result, these securities may be deemed to be beneficially owned by RockPort and RockPort LLC. Each of RockPort and RockPort LLC disclaim beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Act of 1934, as amended, or for any other purpose.
  • [F5]Includes 14,423,076 shares of Common Stock issuable upon conversion of 15,000 shares of Series C convertible Preferred Stock, 1,857,613 shares issuable upon the conversion of $1,931,918 related to accrued dividends on the Series C convertible Preferred Stock and 12,389,326 shares of Common Stock issuable upon the exercise of warrants, which preferred stock and warrants are directly owned by RockPort Capital Partners II, L.P.
  • [F6]Includes 14,423,076 shares of Common Stock issuable upon conversion of 15,000 shares of Series C convertible Preferred Stock, 1,677,819 shares issuable upon the conversion of $1,744,932 related to accrued dividends on the Series C convertible Preferred Stock and 12,241,646 shares of Common Stock issuable upon the exercise of warrants, which preferred stock and warrants are directly owned by RockPort Capital Partners II, L.P.
  • [F7]Includes 14,423,076 shares of Common Stock issuable upon conversion of 15,000 shares of Series C convertible Preferred Stock, 1,500,000 shares issuable upon the conversion of $1,560,000 related to accrued dividends on the Series C convertible Preferred Stock and 12,147,190 shares of Common Stock issuable upon the exercise of warrants, which preferred stock and warrants are directly owned by RockPort Capital Partners II, L.P.
  • [F8]Includes 14,423,076 shares of Common Stock issuable upon conversion of 15,000 shares of Series C convertible Preferred Stock, 1,324,157 shares issuable upon the conversion of $1,377,123 related to accrued dividends on the Series C convertible Preferred Stock and 12,118,160 shares of Common Stock issuable upon the exercise of warrants, which preferred stock and warrants are directly owned by RockPort Capital Partners II, L.P.

Documents

1 file

Issuer

SATCON TECHNOLOGY CORP

CIK 0000889423

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Entity typeother

Related Parties

1
  • filerCIK 0001241877

Filing Metadata

Form type
4
Filed
Jul 11, 8:00 PM ET
Accepted
Jul 12, 5:46 PM ET
Size
27.8 KB
View on SEC.gov