DESHPANDE GURURAJ 4
4 · A123 SYSTEMS, INC. · Filed Jan 14, 2011
Insider Transaction Report
Form 4
DESHPANDE GURURAJ
Director
Transactions
- Gift
Common Stock
2011-01-13−2,249,124→ 4,629,898 total(indirect: By LLC) - Gift
Common Stock
2011-01-13+2,249,124→ 6,879,022 total(indirect: By LLC)
Holdings
- 138,607
Common Stock
Footnotes (2)
- [F1]On January 13, 2011, upon termination of the Unicorn Trust IV, a grantor retained annuity trust, the remainder membership interest in Sparta Group MA LLC Series 6 ("Series 6"), a separate series of Sparta Group MA LLC, which represented an indirect interest in 2,249,124 shares in common stock of the Issuer, was transferred to Gururaj Deshpande Grantor Retained Annuity Trust (the "Remainder Trust"), a trust for the benefit of the Reporting Person's two adult children. (cont'd in Footnote 2)
- [F2]This form is being filed to report the disposition of the interest by the Unicorn Trust IV to the Remainder Trust, and the acquisition of such interest by the Remainder Trust. The Reporting Person's spouse is trustee of the Remainder Trust. The Reporting Person disclaims beneficial ownership of the interest in the securities transferred to the Remainder Trust, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. The Reporting Person and his spouse are Managers of Series 6, and the Reporting Person disclaims beneficial ownership of the securities held by Series 6, except to the extent of any pecuniary interest therein.