4//SEC Filing
BIOVEST INTERNATIONAL INC 4
Accession 0001214659-13-004880
CIK 0000704384operating
Filed
Aug 22, 8:00 PM ET
Accepted
Aug 23, 3:44 PM ET
Size
34.0 KB
Accession
0001214659-13-004880
Insider Transaction Report
Form 4
BIOVEST INTERNATIONAL INCBVTI.OB
OSMAN RONALD E
Director
Transactions
- Other
Stock Option (Right to Buy)
2013-07-09−60,000→ 0 total(indirect: By Trust)Exercise: $1.13→ Common Stock (60,000 underlying) - Other
COMMON STOCK
2013-07-09+17,360,000→ 17,360,000 total(indirect: By LLC) - Other
COMMON STOCK
2013-07-09+8,680,000→ 8,680,000 total(indirect: By: Pabeti, Inc.) - Other
Stock Option (Right to Buy)
2013-07-09−176,750→ 0 totalExercise: $0.57→ Common Stock (176,750 underlying) - Other
Stock Option (Right to Buy)
2013-07-09−160,000→ 0 total(indirect: By Trust)Exercise: $0.69→ Common Stock (160,000 underlying) - Other
Common Stock Warrant (Right to Buy)
2013-07-09−840,909→ 0 total(indirect: By Trust)Exercise: $0.32→ Common Stock (840,909 underlying) - Other
Common Stock Warrant (Right to Buy)
2013-07-09−3,636,360→ 0 total(indirect: By Trust)Exercise: $1.10→ Common Stock (3,636,360 underlying) - Other
Common Stock Warrant (Right to Buy)
2013-07-09−150,000→ 0 total(indirect: By 401(k))Exercise: $0.50→ Common Stock (150,000 underlying) - Other
Stock Option (Right to Buy)
2013-07-09−60,000→ 0 total(indirect: By Trust)Exercise: $0.66→ Common Stock (60,000 underlying) - Other
Common Stock Warrant (Right to Buy)
2013-07-09−1,640,000→ 0 total(indirect: By Trust)Exercise: $0.50→ Common Stock (1,640,000 underlying) - Other
Secured Convertible Promissory Note
2013-07-09−5,333,333→ 0 total(indirect: By LLC)Exercise: $0.75→ Common Stock (5,333,333 underlying) - Other
Common Stock Warrant (Right to Buy)
2013-07-09−1,125,000→ 0 total(indirect: By Trust)Exercise: $0.40→ Common Stock (1,125,000 underlying) - Other
COMMON STOCK
2013-07-09−18,428→ 1,165,366 total(indirect: By Trust)
Footnotes (6)
- [F1]Pursuant to the First Amended Plan of Reorganization under Chapter 11 of the Bankruptcy Code (as modified, amended and supplemented, the ?Plan?) of Biovest International, Inc. (the "Company"), which was confirmed by the United States Bankruptcy Court for the Middle District of Florida, Tampa Division on June 28, 2013 and became effective on July 9, 2013 (the "Effective Date"), all equity interests of the Company, and options to purchase such equity interests, that were outstanding prior to the Effective Date were cancelled without consideration on the Effective Date.
- [F2]The Reporting Person is the spouse of the Trustee of the Michelle A. Osman Trust and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F3]On the Effective Date, the Company issued a total of 17,360,000 shares of common stock, par value $0.01 per share (?Common Stock?) to Corps Real, LLC and 8,680,000 shares of Common Stock to Pabeti, Inc. upon the conversion of senior secured indebtedness held by such entities, respectively.
- [F4]The Reporting Person is the managing member of Corps Real, LLC and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F5]The Reporting Person is the president and a director of Pabeti, Inc. and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F6]The Reporting Person is deemed to be the beneficial owner of the underlying warrant shares held by the Ronald E. Osman & Associates Ltd 401(k) Profit Sharing Plan (the ?401(k) Plan?) to the extent of the Reporting Person?s interest therein (and the Reporting Person disclaims beneficial ownership of any other warrant shares held by the 401(k) Plan).
Documents
Issuer
BIOVEST INTERNATIONAL INC
CIK 0000704384
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000704384
Filing Metadata
- Form type
- 4
- Filed
- Aug 22, 8:00 PM ET
- Accepted
- Aug 23, 3:44 PM ET
- Size
- 34.0 KB