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4//SEC Filing

Volpe Louis J 4

Accession 0001209191-13-029362

CIK 0001169652other
View on SEC.govCompany Profile

Filed

May 28, 8:00 PM ET

Accepted

May 29, 5:07 PM ET

Size

23.5 KB

Accession

0001209191-13-029362

Insider Transaction Report

Form 4
Period: 2013-05-29
CHANNELADVISOR CORPECOM
Volpe Louis J
Director10% Owner
Transactions
  • Conversion

    Common Stock

    2013-05-29+3,413,054→ 3,413,054 total(indirect: By Funds)
  • Conversion

    Series B Preferred Stock

    2013-05-29−10,540,770→ 0 total(indirect: By Funds)
    → Common Stock (658,795 underlying)
  • Exercise of In-Money

    Warrant to Purchase Series C Preferred Stock (right to buy)

    2013-05-29−169,770→ 0 total(indirect: By Funds)
    Exercise: $0.69From: 2008-05-30→ Series C Preferred Stock (169,770 underlying)
  • Exercise of In-Money

    Series C Preferred Stock

    2013-05-29$0.69/sh+169,770$116,292→ 9,241,133 total(indirect: By Funds)
    → Common Stock (10,609 underlying)
  • Conversion

    Series A Preferred Stock

    2013-05-29−34,960,004→ 0 total(indirect: By Funds)
    → Common Stock (2,184,998 underlying)
  • Sale

    Series C Preferred Stock

    2013-05-29$0.88/sh−132,908$116,295→ 9,108,225 total(indirect: By Funds)
    → Common Stock (8,306 underlying)
  • Conversion

    Series C Preferred Stock

    2013-05-29−9,108,225→ 0 total(indirect: By Funds)
    → Common Stock (569,261 underlying)
Footnotes (12)
  • [F1]The total represents shares received upon conversion of shares of Series A, Series B and Series C convertible preferred stock.
  • [F10]KVP IIA owned warrants to purchase 122,020 shares. KVP IIB owned warrants to purchase 26,794 shares. KVP III owned warrants to purchase 20,451 shares. KIII EF owned warrants to purchase 505 shares.
  • [F11]On May 29, 2013, the Funds exercised warrants to purchase 169,770 shares of the issuer's Series C convertible preferred stock for $0.685 per share. The Funds paid the exercise price on a cashless basis, resulting in the issuer's withholding of 132,908 of the Series C convertible preferred shares to pay the exercise price and issuing to the Funds the remaining 36,862 shares of Series C convertible preferred stock.
  • [F12]KVP IIA owns 241,874 shares of common stock. KVP IIB owns 53,113 shares of common stock. SKI owns 200,597 shares of common stock. KVP III owns 71,900 shares of common stock. KVP III EF owns 1,777 shares of common stock.
  • [F2]Each share of convertible preferred stock was convertible, at any time, at the holder's election, into the issuer's common stock on a 1-for-16 basis. Effective immediately prior to the closing of the issuer's initial public offering of its common stock, each share of convertible preferred stock automatically converted into one-sixteenth of one share of common stock. The convertible preferred stock had no expiration date.
  • [F3]The general partner of Kodiak Venture Partners II-A, L.P. ("KVP IIA") and Kodiak Venture Partners II-B, L.P. ("KVP IIB") is Kodiak Ventures Management II, L.P. The general partner of Kodiak Ventures Management II, L.P. is Kodiak Ventures Management Company, Inc. ("Kodiak VMC"). The general partner of Kodiak Venture Partners III, L.P. ("KVP III") and Kodiak III Entrepreneurs Fund, L.P. ("KVP III EF") is Kodiak Ventures Management III, L.P. The general partner of Kodiak Ventures Management III, L.P. is Kodiak Ventures Management Company (GP), LLC and the managing member of Kodiak Ventures Management Company (GP), LLC is Kodiak VMC. The manager of SKI Opportunities Fund, LLC ("SKI") is SKI Opportunities Fund (GP), LLC and the manager of SKI Opportunities Fund (GP), LLC is Kodiak Ventures Management Company, LLC. KVP IIA, KVP IIB, KVP III, KVP III EF and SKI are collectively referred to as the "Funds."
  • [F4]The reporting person is the Treasurer of Kodiak VMC and disclaims beneficial ownership of the securities owned directly by the Funds, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.
  • [F5]KVP IIA owns 2,104,380 shares of common stock. KVP IIB owns 462,100 shares of common stock. SKI owns 425,250 shares of common stock. KVP III owns 411,158 shares of common stock. KVP III EF owns 10,166 shares of common stock.
  • [F6]The number of underlying shares of common stock reported reflects a 1-for-16 reverse stock split of the issuer's common stock effected on May 9, 2013.
  • [F7]KVP IIA owns 1,399,035 shares of common stock. KVP IIB owns 307,214 shares of common stock. SKI owns 168,750 shares of common stock. KVP III owns 302,518 shares of common stock. KVP III EF owns 7,481 shares of common stock.
  • [F8]KVP IIA owns 463,471 shares of common stock. KVP IIB owns 101,773 shares of common stock. SKI owns 55,903 shares of common stock. KVP III owns 36,740 shares. KVP III EF owns 908 shares of common stock.
  • [F9]This warrant expires upon an initial public offering of the issuer's securities.

Documents

1 file

Issuer

CHANNELADVISOR CORP

CIK 0001169652

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Entity typeother

Related Parties

1
  • filerCIK 0001575716

Filing Metadata

Form type
4
Filed
May 28, 8:00 PM ET
Accepted
May 29, 5:07 PM ET
Size
23.5 KB
View on SEC.gov