ARDINGER HORACE T JR 4
4 · VIEWCAST COM INC · Filed May 6, 2011
Insider Transaction Report
Form 4
VIEWCAST COM INCVCST
ARDINGER HORACE T JR
10% Owner
Transactions
- Other
Common Stock
2011-05-04$0.60/sh+6,666,667$4,000,000→ 16,193,212 total - Other
Common Stock
2011-05-04$0.60/sh+3,333,333$2,000,000→ 19,526,545 total - Disposition to Issuer
Series B Convertible Preferred Stock
2011-05-04−400,000→ 0 totalExercise: $3.63→ Common Stock (400,000 underlying) - Award
Series B Convertible Preferred Stock
2011-05-04+400,000→ 400,000 totalExercise: $0.60From: 2011-05-04→ Common Stock (400,000 underlying) - Other
Series B Convertible Preferred Stock
2011-05-04−400,000→ 0 totalExercise: $0.60From: 2011-05-04→ Common Stock (400,000 underlying) - Other
Series C Convertible Preferred Stock
2011-05-04−200,000→ 0 totalExercise: $0.60→ Common Stock (400,000 underlying)
Footnotes (7)
- [F1]The transactions in rows 1 and 2 of Table II are reported to disclose an adjustment to the conversion price of the Series B Convertible Preferred Stock.
- [F2]The Series B Convertible Preferred Stock is convertible at any time commencing 120 days from the closing of the offering of such stock. The issuer filed a Certificate of Designations designating such stock on April 8, 1999.
- [F3]The Series B Convertible Preferred Stock has no expiration date.
- [F4]Pursuant to the conversion price adjustment described in footnote 1 above, the Series B Convertible Preferred Stock is convertible into common stock of the issuer at a price per share of $0.60. On May 4, 2011, the reporting person converted 400,000 shares of his Series B Convertible Preferred Stock at a conversion price of $0.60 a share, resulting in the issuance to the reporting person of 6,666,667 shares of common stock of the issuer.
- [F5]The Series C Convertible Preferred Stock is convertible into common stock of the issuer at a price per share of $0.60. On May 4, 2011, the reporting person converted 200,000 shares of his Series C Convertible Preferred Stock at a conversion price of $0.60 a share, resulting in the issuance to the reporting person of 3,333,333 shares of common stock of the issuer.
- [F6]The Series C Convertible Preferred Stock is convertible at any time commencing 120 days from the closing of the offering of such stock. The issuer filed a Certificate of Designations designating such stock on November 13, 2001.
- [F7]The Series C Convertible Preferred Stock has no expiration date.