4//SEC Filing
Levinsohn Michael 4
Accession 0001225208-13-013174
CIK 0001100202other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 8:13 PM ET
Size
11.3 KB
Accession
0001225208-13-013174
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.
Documents
Issuer
LENCO MOBILE INC.
CIK 0001100202
Entity typeother
Related Parties
1- filerCIK 0001422487
Filing Metadata
- Form type
- 4
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 8:13 PM ET
- Size
- 11.3 KB