4//SEC Filing
Kandikattu Srinivas 4
Accession 0001225208-13-013510
CIK 0001100202other
Filed
May 29, 8:00 PM ET
Accepted
May 30, 4:56 PM ET
Size
16.0 KB
Accession
0001225208-13-013510
Insider Transaction Report
Form 4
Kandikattu Srinivas
Chief Technology Officer
Transactions
- Award
Series A Preferred Stock
2012-01-31+691→ 691 totalExercise: $0.25→ Common Stock (276,400 underlying) - Purchase
Common Stock Warrant (Right to Buy)
2012-08-21+12,000→ 12,000 totalExercise: $0.05From: 2012-08-21Exp: 2017-08-20→ Common Stock (12,000 underlying) - Award
Stock Option (Right to Buy)
2013-03-11+1,000,000→ 1,000,000 totalExercise: $0.12From: 2013-03-11Exp: 2022-04-12→ Common Stock (1,000,000 underlying) - Award
Stock Option (Right to Buy)
2012-03-17+1,400,000→ 1,400,000 totalExercise: $0.13Exp: 2022-03-17→ Common Stock (1,400,000 underlying) - Tax Payment
Series A Preferred Stock
2012-12-27$108.53/sh−254$27,567→ 437 totalExercise: $0.25→ Common Stock (101,600 underlying)
Footnotes (10)
- [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.
- [F10]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 $112.98 and the conversion price was $1.50 per share; accordingly, the number of underlying shares as of the transation date was 19,131.
- [F2]Represents right to acquire shares in lieu of payment of cash bonus pursuant to election under Retention Bonus Agreement dated 12/27/2011, as amended; subject to reporting person's continued employment with the issuer, the shares are vested and deliverable on 12/27/2012.
- [F3]The Series A Preferred Stock is convertible into shares of the issuer's common stock at any time.
- [F4]The Series A Preferred Stock has no expiration date, but is subject to automatic conversion as provided by the terms of such preferred stock.
- [F5]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 $107.98 and the conversion price was $1.50 per share; accordingly, the number of underlying shares as of the transation date was 49,745.
- [F6]The option is fully vested and exercisable as of the date of grant (March 17, 2012).
- [F7]Reflects two-for-one adjustment effective 2/15/2013.
- [F8]Warrants issued in connection with acquisition of senior secured notes of the issuer; aggregate consideration for the warrants was $0.20.
- [F9]Shares withheld for payment of taxes on delivery of shares in lieu of retention bonus.
Documents
Issuer
LENCO MOBILE INC.
CIK 0001100202
Entity typeother
Related Parties
1- filerCIK 0001560180
Filing Metadata
- Form type
- 4
- Filed
- May 29, 8:00 PM ET
- Accepted
- May 30, 4:56 PM ET
- Size
- 16.0 KB