4//SEC Filing
RICHARDSON JOHN S. 4
Accession 0001213900-21-048121
CIK 0001704760other
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 9:56 PM ET
Size
18.2 KB
Accession
0001213900-21-048121
Insider Transaction Report
Form 4
RICHARDSON JOHN S.
10% Owner
Transactions
- Sale
Common Stock
2021-09-10$4.00/sh−5,005$20,020→ 16,975,447 total - Conversion
Common Stock
2021-09-08+6,673,731→ 14,980,452 total - Exercise of In-Money
Common Stock
2021-09-10$0.01/sh+2,000,000$20,000→ 16,980,452 total - Exercise of In-Money
Warrants
2021-09-10−2,000,000→ 0 totalExercise: $0.01From: 2020-04-07Exp: 2025-04-07→ Common Stock (2,000,000 underlying) - Conversion
Series A Convertible Debentures
2021-09-08→ 0 total→ Common Stock (6,673,731 underlying)
Transactions
- Conversion
Series A Convertible Debentures
2021-09-08→ 0 total→ Common Stock (6,673,731 underlying) - Exercise of In-Money
Common Stock
2021-09-10$0.01/sh+2,000,000$20,000→ 16,980,452 total - Conversion
Common Stock
2021-09-08+6,673,731→ 14,980,452 total - Sale
Common Stock
2021-09-10$4.00/sh−5,005$20,020→ 16,975,447 total - Exercise of In-Money
Warrants
2021-09-10−2,000,000→ 0 totalExercise: $0.01From: 2020-04-07Exp: 2025-04-07→ Common Stock (2,000,000 underlying)
NAVIGATION CAPITAL PARTNERS II, L.P.
10% Owner
Transactions
- Conversion
Common Stock
2021-09-08+6,673,731→ 14,980,452 total - Sale
Common Stock
2021-09-10$4.00/sh−5,005$20,020→ 16,975,447 total - Exercise of In-Money
Warrants
2021-09-10−2,000,000→ 0 totalExercise: $0.01From: 2020-04-07Exp: 2025-04-07→ Common Stock (2,000,000 underlying) - Exercise of In-Money
Common Stock
2021-09-10$0.01/sh+2,000,000$20,000→ 16,980,452 total - Conversion
Series A Convertible Debentures
2021-09-08→ 0 total→ Common Stock (6,673,731 underlying)
NCP GENERAL PARTNER II LLC
10% Owner
Transactions
- Conversion
Common Stock
2021-09-08+6,673,731→ 14,980,452 total - Exercise of In-Money
Common Stock
2021-09-10$0.01/sh+2,000,000$20,000→ 16,980,452 total - Sale
Common Stock
2021-09-10$4.00/sh−5,005$20,020→ 16,975,447 total - Conversion
Series A Convertible Debentures
2021-09-08→ 0 total→ Common Stock (6,673,731 underlying) - Exercise of In-Money
Warrants
2021-09-10−2,000,000→ 0 totalExercise: $0.01From: 2020-04-07Exp: 2025-04-07→ Common Stock (2,000,000 underlying)
Footnotes (2)
- [F1]On September 8, 2021, the unpaid principal amount (together with all accrued but unpaid interest thereon) of the Series A Convertible Debentures automatically converted into shares of the Issuer's common stock, par value $0.001 per share (the "Common Stock") at a conversion price of $3.45 (the "Mandatory Conversions"). The Mandatory Conversions were triggered by the closing price of the Common Stock on the Nasdaq Capital Market exceeding $6.00 for 40 trading days within a consecutive 60 trading day-period. The Reporting Person's Form 4 filed on September 10, 2021 inadvertently failed to report this transaction.
- [F2]On September 10, 2021, the Reporting Person elected to exercise each of its 20,000 warrants (each such warrant entitling the holder thereof to purchase 100 shares of the Common Stock at a price of $0.01 per share), and paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 5,005 of the warrant shares to pay the exercise price and issuing to the Reporting Person the remaining 1,994,995 shares of Common Stock.
Documents
Issuer
American Virtual Cloud Technologies, Inc.
CIK 0001704760
Entity typeother
Related Parties
1- filerCIK 0001409643
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 9:56 PM ET
- Size
- 18.2 KB