4//SEC Filing
Prend David J 4
Accession 0001209191-10-052043
CIK 0000889423other
Filed
Oct 27, 8:00 PM ET
Accepted
Oct 28, 7:11 PM ET
Size
8.1 KB
Accession
0001209191-10-052043
Insider Transaction Report
Form 4
Prend David J
Director10% Owner
Transactions
- Conversion
Common Stock
2010-10-27+16,510,142→ 16,510,142 total(indirect: See Footnote) - Conversion
Series C Convertible Preferred Stock
2010-10-27−15,000→ 0 total(indirect: See Footnote)Exercise: $1.04→ Common Stock (16,510,142 underlying)
Footnotes (2)
- [F1]These securities are held by RockPort Capital Partners II, L.P. RockPort Capital II, LLC is the general partner 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.
- [F2]On October 27, 2010, RockPort Capital Partners II, L.P. converted 15,000 shares of Series C Convertible Preferred Stock, plus $2,170,548 of accrued dividends, into 16,510,142 shares of common stock. The Series C Convertible Preferred Stock was convertible into common stock at any time at a ratio of 961.54 shares of Common Stock for each share of Series C Convertible Preferred Stock.
Documents
Issuer
SATCON TECHNOLOGY CORP
CIK 0000889423
Entity typeother
Related Parties
1- filerCIK 0001418018
Filing Metadata
- Form type
- 4
- Filed
- Oct 27, 8:00 PM ET
- Accepted
- Oct 28, 7:11 PM ET
- Size
- 8.1 KB