INNOVATIVE MICRO TECHNOLOGY INC 3
3 · INNOVATIVE MICRO TECHNOLOGY INC · Filed Feb 4, 2005
Insider Transaction Report
Form 3
Scale Venture Partners II, LP
10% Owner
Holdings
- 352,941
Series A Redeemable Preferred Stock
Warrants to Purchase Common Stock
Exercise: $0.30From: 2006-03-15Exp: 2008-01-23→ Common Stock (176,471 underlying)Series A-1 Convertible Preferred Stock
→ Common Stock (2,000,010 underlying)
Footnotes (3)
- [F1]The shares of Seris A-1 Convertible Preferred Stock are immediately convertible into shares of Common Stock and do not have an expiration date.
- [F2]Shares of Series A-1 Convertible Preferred Stock convert at a rate of 5.6667 shares of Common Stock for each shares of Series A-1 Convertible Preferred Stock.
- [F3]The number of shares of Common Stock into which the Warrant is exercisable may be adjusted downward (potentially cancelling the Warrant if the number of shares reaches zero) according to a formula based upon the Issuer's economic performance during the 2005 calendar year.