4//SEC Filing
Prend David J 4
Accession 0001209191-10-038196
CIK 0000889423other
Filed
Jul 11, 8:00 PM ET
Accepted
Jul 12, 5:54 PM ET
Size
15.9 KB
Accession
0001209191-10-038196
Insider Transaction Report
Form 4
Prend David J
Director10% Owner
Transactions
- Award
Warrant to purchase Common Stock
2010-03-31+94,456→ 28,342,541 total(indirect: See Footnote)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(indirect: See Footnote)Exercise: $1.66From: 2009-12-31Exp: 2016-12-31→ Common Stock (29,030 underlying) - Award
Warrant to purchase Common Stock
2010-06-30+147,680→ 28,670,015 total(indirect: See Footnote)Exercise: $1.66From: 2010-06-30Exp: 2017-06-30→ Common Stock (147,680 underlying) - Award
Warrant to purchase Common Stock
2009-10-03+10,747→ 27,865,393 total(indirect: See Footnote)Exercise: $1.66From: 2009-10-03Exp: 2016-10-03→ Common Stock (10,747 underlying)
Footnotes (7)
- [F1]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 file 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).
- [F2]The Warrants to purchase Common Stock are held by RockPort Capital Partners II, L.P. RockPort Capital II, LLC is the general of RockPort Capital Partners II, L.P. David J. Prend is a member of RockPort Capital II, LLC. By virtue of this relationship, Mr. Prend may be deemed to beneficially own the shares held by RockPort Capital Partners II, L.P. Mr. Prend disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [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 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.
- [F5]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.
- [F6]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.
- [F7]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
Issuer
SATCON TECHNOLOGY CORP
CIK 0000889423
Entity typeother
Related Parties
1- filerCIK 0001418018
Filing Metadata
- Form type
- 4
- Filed
- Jul 11, 8:00 PM ET
- Accepted
- Jul 12, 5:54 PM ET
- Size
- 15.9 KB