SafeStitch Medical, Inc. 4
4 · SafeStitch Medical, Inc. · Filed Sep 5, 2013
Insider Transaction Report
Form 4
SafeStitch Medical, Inc.SFES.OB
Dougherty Dennis
Director
Transactions
- Purchase
Series B Preferred Stock
2013-09-03$4.00/sh+598,706$2,394,824→ 598,706 total(indirect: By Intersouth Partners, VII, L.P.)Exercise: $0.40→ Common Stock (5,987,060 underlying)
Footnotes (2)
- [F1]On September 3, 2013, SafeStitch Medical, Inc. (the "Issuer") sold and issued to Intersouth Partners VII, L.P., in a privately negotiated transaction pursuant to a securities purchase agreement, an aggregate of 598,706.0 shares of the Issuer's Series B convertible preferred stock at a purchase price of $4.00 per share. Upon the filing of an Amendment to the Issuer's Certificate of Incorporation with the State of Delaware, each share of the Issuer's Series B convertible preferred stock will automatically convert into ten (10) shares of the Issuer's common stock.
- [F2]The Series B Preferred Stock has no expiration date.