ZINGAREVICH BORIS 4
4 · ENER1 INC · Filed Aug 10, 2010
Insider Transaction Report
Form 4
ENER1 INCHEV
ZINGAREVICH BORIS
Director10% Owner
Transactions
- Award
Warrants (right to purchase)
2010-08-03+863,806→ 863,806 total(indirect: By Bzinfin S.A.)Exercise: $3.40From: 2010-08-03Exp: 2015-08-03→ Common Stock (863,806 underlying) - Exercise/Conversion
Amended and Restated Convertible Line of Credit
2010-08-03+0→ 0 total→ Common Stock (5,398,785 underlying) - Award
Common Stock, $0.01 par value per share
2010-08-03$3.40/sh+5,398,785$18,355,869→ 9,212,495 total(indirect: By Bzinfin S.A.) - Award
Warrants (right to purchase)
2010-08-03+1,457,672→ 1,457,672 total(indirect: By Bzinfin S.A.)Exercise: $4.25From: 2010-08-03Exp: 2015-08-03→ Common Stock (1,457,672 underlying)
Holdings
- 64,833,019(indirect: By Ener1 Group, Inc.)
Common Stock, $0.01 par value per share
Footnotes (2)
- [F1]On August 3, 2010, Bzinfin S.A. converted all of the $18,355,868 of indebtedness then outstanding under that certain Amended and Restated Convertible Line of Credit dated August 2009 (the ?LOC?) between the Issuer, as borrower, and Bzinfin S.A., as lender, into the shares of Issuer common stock reported in Table I above and the warrants reported in Table II above. In connection with such conversion, the parties modified the LOC?s original terms of conversion which provided for converting approximately half of the indebtedness at $5.00 per share and the remaining portion of the indebtedness at $6.00 per share and without any warrants.
- [F2]The Reporting Person may be deemed to beneficially own the securities reported herein by virtue of owning and controlling Bzinfin S.A., which in turn owns and controls Ener1 Group, Inc.