4//SEC Filing
BURNETT GERALD J 4
Accession 0001230896-09-000003
CIK 0001111632other
Filed
May 21, 8:00 PM ET
Accepted
May 22, 7:36 PM ET
Size
8.3 KB
Accession
0001230896-09-000003
Insider Transaction Report
Form 4
BURNETT GERALD J
Director10% Owner
Transactions
- Conversion
Common Stock
2009-05-22$0.70/sh+2,200,000$1,540,000→ 16,414,700 total(indirect: By Trust) - Conversion
4.5% Convertible Subordinated Secured Notes due 2010
2009-05-22$0.70/sh(indirect: By Trust)Exercise: $0.70From: 2009-01-04Exp: 2010-01-04→ Common Stock
Footnotes (2)
- [F1]The common stock issued is a result of the convesion of the principal amount of the Note held by the reporting person into shares of Common Stock at $.70 per share.
- [F2]The principal amount of this Note may be converted by the Reporting Person into shares of Common Stock at $.70 per share (as adjusted for stock splits, dividends and the like) on or after January 4, 2009. The conversion price is subject to adjustment on a broad-based weighted average basis in the event that the Issuer issues shares of its common stock or securities convertible into common stock (subject to certain exclusions) for a price per share less than the then effective conversion price. Unless and until the Issuer receives any necessary stockholder approval, no such anti-dilution adjustment may cause the conversion price to be less than $0.35 (as adjusted for stock splits, combinations, reclassifications or similar events). Interest shall be paid semi-annually in arrears on June 4 and December 4 of each year, commencing on June 4, 2008.
Documents
Issuer
AVISTAR COMMUNICATIONS CORP
CIK 0001111632
Entity typeother
Related Parties
1- filerCIK 0001230896
Filing Metadata
- Form type
- 4
- Filed
- May 21, 8:00 PM ET
- Accepted
- May 22, 7:36 PM ET
- Size
- 8.3 KB