JAW FINANCIAL LP 4

Accession 0001231880-03-000003

CIK 0001078717other

Filed

Oct 22, 8:00 PM ET

Accepted

Oct 23, 6:14 PM ET

Size

19.2 KB

Accession

0001231880-03-000003

Form 4

Period: 2003-10-21

10% Owner

Transactions

Gift
Common Stock, $0.01 par value
2003-10-21−2,369→ 0 total
Exercise/Conversion
Common Stock Purchase Warrant (right to buy)
2003-10-21−5,000→ 0 total
Exercise: $0.50Exp: 2008-03-27→ Common Stock (5,000 underlying)
Exercise/Conversion
Common Stock, $0.01 par value
2003-10-21$0.50/sh+5,000$2,500→ 5,000 total
Tax Payment
Common Stock, $0.01 par value
2003-10-21$0.95/sh−2,631$2,499→ 2,369 total
Award
Common Stock Purchase Warrant (right to buy)
2003-10-21+5,000→ 5,000 total
Exercise: $0.50Exp: 2008-03-27→ Common Stock (5,000 underlying)

10% Owner

Transactions

Exercise/Conversion
Common Stock Purchase Warrant (right to buy)
2003-10-21−5,000→ 0 total
Exercise: $0.50Exp: 2008-03-27→ Common Stock (5,000 underlying)
Exercise/Conversion
Common Stock, $0.01 par value
2003-10-21$0.50/sh+5,000$2,500→ 5,000 total
Award
Common Stock Purchase Warrant (right to buy)
2003-10-21+5,000→ 5,000 total
Exercise: $0.50Exp: 2008-03-27→ Common Stock (5,000 underlying)
Gift
Common Stock, $0.01 par value
2003-10-21−2,369→ 0 total
Tax Payment
Common Stock, $0.01 par value
2003-10-21$0.95/sh−2,631$2,499→ 2,369 total

DirectorCEO and Co-Chairman10% Owner

Transactions

Gift
Common Stock, $0.01 par value
2003-10-21−2,369→ 0 total
Tax Payment
Common Stock, $0.01 par value
2003-10-21$0.95/sh−2,631$2,499→ 2,369 total
Award
Common Stock Purchase Warrant (right to buy)
2003-10-21+5,000→ 5,000 total
Exercise: $0.50Exp: 2008-03-27→ Common Stock (5,000 underlying)
Exercise/Conversion
Common Stock, $0.01 par value
2003-10-21$0.50/sh+5,000$2,500→ 5,000 total
Exercise/Conversion
Common Stock Purchase Warrant (right to buy)
2003-10-21−5,000→ 0 total
Exercise: $0.50Exp: 2008-03-27→ Common Stock (5,000 underlying)

Footnotes (5)

[F1]This report is filed jointly by Marvin J. Winkler, JAW Financial, L.P. and JAW Lending, Inc., each of whom is a ten percent owner of the issuer. Mr. Winkler is a director and the Chief Executive Officer and Co-Chairman of the Board of Directors of the issuer and also is an executive officer and a 50% shareholder of JAW Lending, Inc., the general partner of JAW Financial, L.P. Mr. Winkler and his spouse are the limited partners of JAW Financial, L.P. Mr. Winkler's spouse owns the remaining 50% of the outstanding shares of JAW Lending, Inc.
[F2]These transactions reflect the issuance of shares that became owned directly by Mr. Winkler upon a cashless exercise of the warrant shown in Table II of this statement.
[F3]These transactions reflect a transfer of shares from Mr. Winkler to JAW Financial, L.P. These shares are owned directly by JAW Financial, L.P. and indirectly by Marvin J. Winkler and JAW Lending, Inc.
[F4]The warrant was to be immediately exercisable. However, the warrant exercise price was not set until October 21, 2003.
[F5]The warrant was issued to Marvin J. Winkler on March 28, 2003, with an exercise price to be determined. On October 21, 2003, the exercise price was set on terms identical to those established for other, unaffiliated warrant holders (i.e., at $0.50 in consideration for a waiver of certain penalties and the concurrent exercise of the warrant on a cashless basis).

Documents

2 files

SSP SOLUTIONS INC

CIK 0001078717

Entity typeother

IncorporatedCA