4//SEC Filing
MCDERMOTT CHARLES J 4
Accession 0001209191-10-052072
CIK 0000889423other
Filed
Oct 28, 8:00 PM ET
Accepted
Oct 29, 9:58 AM ET
Size
17.2 KB
Accession
0001209191-10-052072
Insider Transaction Report
Form 4
James Janet Burrows
10% Owner
Transactions
- Conversion
Common Stock
2010-10-27+16,510,142→ 16,510,142 total - Conversion
Series C Convertible Preferred Stock
2010-10-27−15,000→ 0 totalExercise: $1.04→ Common Stock (16,510,142 underlying)
MCDERMOTT CHARLES J
10% Owner
Transactions
- Conversion
Common Stock
2010-10-27+16,510,142→ 16,510,142 total - Conversion
Series C Convertible Preferred Stock
2010-10-27−15,000→ 0 totalExercise: $1.04→ Common Stock (16,510,142 underlying)
Wilson Stoddard Moran
10% Owner
Transactions
- Conversion
Series C Convertible Preferred Stock
2010-10-27−15,000→ 0 totalExercise: $1.04→ Common Stock (16,510,142 underlying) - Conversion
Common Stock
2010-10-27+16,510,142→ 16,510,142 total
RockPort Capital Partners II, LP
10% Owner
Transactions
- Conversion
Common Stock
2010-10-27+16,510,142→ 16,510,142 total - Conversion
Series C Convertible Preferred Stock
2010-10-27−15,000→ 0 totalExercise: $1.04→ Common Stock (16,510,142 underlying)
RockPort Capital II, L.L.C.
10% Owner
Transactions
- Conversion
Common Stock
2010-10-27+16,510,142→ 16,510,142 total - Conversion
Series C Convertible Preferred Stock
2010-10-27−15,000→ 0 totalExercise: $1.04→ Common Stock (16,510,142 underlying)
ELLIS ALEXANDER III
10% Owner
Transactions
- Conversion
Common Stock
2010-10-27+16,510,142→ 16,510,142 total - Conversion
Series C Convertible Preferred Stock
2010-10-27−15,000→ 0 totalExercise: $1.04→ Common Stock (16,510,142 underlying)
JAMES WILLIAM E
10% Owner
Transactions
- Conversion
Common Stock
2010-10-27+16,510,142→ 16,510,142 total - Conversion
Series C Convertible Preferred Stock
2010-10-27−15,000→ 0 totalExercise: $1.04→ Common Stock (16,510,142 underlying)
Footnotes (2)
- [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]On October 27, 2010, the reporting person 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 0001241877
Filing Metadata
- Form type
- 4
- Filed
- Oct 28, 8:00 PM ET
- Accepted
- Oct 29, 9:58 AM ET
- Size
- 17.2 KB