Levinsohn Michael 4
4 · LENCO MOBILE INC. · Filed May 23, 2013
Insider Transaction Report
Form 4
Levinsohn Michael
DirectorChief Executive Officer10% Owner
Transactions
- Sale
Series A Preferred Stock
2013-05-21$90.00/sh−1,000$90,000→ 4,605 total(indirect: By Sterling Capital Partners Inc.)Exercise: $0.25→ Common Stock (400,000 underlying)
Footnotes (5)
- [F1]The conversion price is subject to adjustment as provided by the terms of the Series A Preferred Stock. The initial conversion price of $1.50 was adjusted to $0.25 on January 1, 2013.
- [F2]The Series A Preferred Stock is convertible into shares of the issuer's common stock at any time.
- [F3]The Series A Preferred Stock has no expiration date, but is subject to automatic conversion as provided by the terms of such preferred stock.
- [F4]The number of underlying shares is determined by dividing the stated value of Series A Preferred Stock, as adjusted for accreted dividends, by the conversion price. The number of underlying shares shown is based on the initial stated value of $100.00 and the current conversion price of $0.25 per share. As of the transaction date, the adjusted stated value was $116.44 and the conversion price was $.25 per share; accordingly, the number of underlying shares as of the transation date was 465,760.
- [F5]Mr. Levinsohn is the Chief Executive Officer of Sterling Capital Partners Inc. Mr. Levinsohn disclaims beneficial ownership of the shares held by Sterling Capital Partners Inc.