4//SEC Filing
Adkin Gregg 4
Accession 0001307645-06-000001
CIK 0001041418other
Filed
Jun 26, 8:00 PM ET
Accepted
Jun 27, 2:01 PM ET
Size
8.4 KB
Accession
0001307645-06-000001
Insider Transaction Report
Form 4
LOGICVISION INCLGVN
Adkin Gregg
Director
Transactions
- Other
Common Stock
2006-06-27$1.73/sh+524,431$907,266→ 1,431,697 total(indirect: Valley Ventures III) - Other
Common Stock
2006-06-27$1.73/sh+317,300$548,929→ 866,229 total(indirect: Valley Ventures II, L.P.)
Footnotes (3)
- [F1]Consists of 865,592 shares held by Valley Ventures II, L.P. ("Ventures II"). Mr Adkin is a managing member of VV II Management, L.L.C., which is the general partner of Ventures II, and a limited partner of Ventures II. Mr. Adkin disclaims beneficial ownership of the shares held by Ventures II, except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Adkin is the beneficial owner of the securities for purposes of Section 16 or any other purpose.
- [F2]In November 2004, LogicVision, Inc. (the "Company") acquired SiVerion, Inc., a company in which both Ventures II and Ventures III had invested. As consideration for the acquisition, Ventures II and Ventures III received shares of the Company's common stock and a right to receive a cash payment in 2006 if the Company's common stock was not trading at certain predetermined levels. In lieu of receiving this cash settlement and pursuant to an exchange agreement, dated as of June 27, 2006, the Company issued shares of its common stock.
- [F3]Consists of 1,431,697 shares held by Valley Ventures III, L.P. ("Ventures III"). Mr Adkin is a managing member of VV III Management, L.L.C., which is the general partner of Ventures III, and a limited partner of Ventures III. Mr. Adkin disclaims beneficial ownership of the shares held by Ventures III, except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Adkin is the beneficial owner of the securities for purposes of Section 16 or any other purpose.
Documents
Issuer
LOGICVISION INC
CIK 0001041418
Entity typeother
Related Parties
1- filerCIK 0001307645
Filing Metadata
- Form type
- 4
- Filed
- Jun 26, 8:00 PM ET
- Accepted
- Jun 27, 2:01 PM ET
- Size
- 8.4 KB