4/A//SEC Filing
Reiman Scott J. 4/A
Accession 0001235110-12-000136
CIK 0001477032other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 12:19 PM ET
Size
21.6 KB
Accession
0001235110-12-000136
Insider Transaction Report
Form 4/AAmended
Reiman Scott J.
Director10% Owner
Transactions
- Conversion
Common Stock
2011-11-22$3.83/sh+399,033$1,526,301→ 399,033 total(indirect: By LLC) - Conversion
Common Stock
2011-11-22$3.00/sh+881,507$2,644,521→ 1,280,540 total(indirect: By LLC) - Purchase
Common Stock
2011-11-22$4.25/sh+2,588,235$10,999,999→ 2,588,235 total(indirect: By LLC) - Purchase
$1,500,000 Convertible Secured Promissory Note
2011-09-19$4.00/sh+375,000$1,500,000→ 375,000 total(indirect: By LLC)Exercise: $4.00From: 2011-09-19Exp: 2012-09-19→ Common Stock (375,000 underlying) - Other
Common Stock Warrant
2011-09-19+937,500→ 937,500 total(indirect: By LLC)Exercise: $4.00From: 2011-09-19Exp: 2013-09-19→ Common Stock (937,500 underlying) - Conversion
Senior Secured Convertible $2,500,000 Promissory Note
2011-11-22$3.00/sh−881,507$2,644,521→ 0 total(indirect: By LLC)Exercise: $3.00From: 2011-04-25Exp: 2012-04-24→ Common Stock (881,507 underlying) - Conversion
$1,500,000 Convertible Secured Promissory Note
2011-11-22$4.00/sh−399,033$1,596,132→ 0 total(indirect: By LLC)Exercise: $3.83From: 2011-09-19Exp: 2012-09-19→ Common Stock (399,033 underlying) - Other
Common Stock Warrant
2011-11-22+2,588,235→ 2,588,235 total(indirect: By LLC)Exercise: $4.25From: 2011-11-22Exp: 2012-11-22→ Common Stock (2,588,235 underlying)
Footnotes (10)
- [F1]Includes 6,876 shares issued in payment of accrued interest of $26,301.
- [F10]Issued in connection with the purchase of 2,588,235 shares of the Issuer's common stock by Very Hungry, LLC.
- [F2]Scott J. Reiman is the founder and President of Hexagon Investments, LLC and controls Hexagon Investments, LLC.
- [F3]Includes 48,174 shares issued in payment of accrued interest of $144,521.
- [F4]Hexagon Investments, LLC is the sole member of Very Hungry, LLC.
- [F5]The principal amount plus accrued interest on the note may be converted at any time during the term into shares of the Issuer's common stock at $4.00 per share, subject to adjustment solely for capital reorganization events. The principal amount plus accrued interest will automatically convert into shares of the Issuer's common stock at $4.00 per share upon completion by the Issuer of the issuance of at least $10,000,000 of securities; provided, that if such issuance of securities occurs at a per share purchase price of less than $4.44, additional shares will be issued upon conversion such that the total shares received upon conversion equals the aggregate principal amount (X) plus all accrued interest (Y) divided by 0.9 times the per share purchase price of the securities issuance (Z). For clarity, the total shares received by the holder shall be equal to (X + Y)/(0.9 * Z).
- [F6]The note matures on September 19, 2012.
- [F7]The exercise price of the warrant is equal to the conversion price of the note. The conversion price was adjusted to $3.825 on November 22, 2011, in connection with the Issuer's completion of a qualified financing.
- [F8]Issued in connection with the purchase of the $1,500,000 Convertible Secured Promissory Note by Hexagon Investments, Inc.
- [F9]The conversion price was adjusted from $4.00 in connection with the Issuer's completion of a qualified financing.
Documents
Issuer
PROSPECT GLOBAL RESOURCES INC.
CIK 0001477032
Entity typeother
Related Parties
1- filerCIK 0001532446
Filing Metadata
- Form type
- 4/A
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 12:19 PM ET
- Size
- 21.6 KB