4//SEC Filing
WEISS ANDREW M 4
Accession 0001357643-10-000013
CIK 0000894010other
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 11:38 AM ET
Size
9.3 KB
Accession
0001357643-10-000013
Insider Transaction Report
Form 4
WEISS ANDREW M
10% Owner
Transactions
- Sale
Sponsored ADS (each representing 4 ordinary
2010-09-20$0.01/sh−4,000,000$28,400→ 4,923,028 total(indirect: See footnote I) - SaleSwap
Commonly referred to as Total Return Swaps ("TRS")
2010-09-20$0.01/sh−50,000$250→ 0 total(indirect: See footnote 1)→ Sponsored ADS (each representing 4 ordinary shares) (50,000 underlying)
Footnotes (4)
- [F1]Shares and Swaps reported herein are beneficially owned by (i) a private investment partnership of which Mr. Weiss is the Managing Member of the General Partner and (ii) a private investment corporation of which Mr. Weiss is the Managing Member of the Investment Manager (collectively, the "Weiss Entities"). Mr. Weiss disclaims beneficial ownership of the Shares and Swaps reported herein except to the extent of his pecuniary interest therein.
- [F2]There is no set Conversion or Exercise Price of the Derivative Securities, which are structured as Swaps.
- [F3]The Weiss Entities have entered into certain cash-settled total return swap agreements (each a "Swap") with certain counterparties. Each Swap has an indeterminate termination date and refers to a notional number of shares of Common Stock ("reference shares") of the Issuer as set forth in Table II and the applicable footnotes thereto. Under each Swap, at termination, the counterparty is obligated to pay to the Weiss Entities, and the Weiss Entities are obligated to pay the respective counterparty, in cash, amounts that are determined in part by reference to any increase or decrease between an initial reference price per share and the market value of such reference shares on the applicable termination date.
- [F4]None of the Swaps provides for the Weiss Entities or the Reporting Person to have direct or indirect voting, investment or dispositive control over any reference shares and, accordingly, except to the extent of his pecuniary interest therein, the Reporting Person disclaims any beneficial ownership in any reference shares or other securities, if any, which may be owned by the counterparties to such Swaps.
Documents
Issuer
DANKA BUSINESS SYSTEMS PLC
CIK 0000894010
Entity typeother
Related Parties
1- filerCIK 0001357643
Filing Metadata
- Form type
- 4
- Filed
- Sep 20, 8:00 PM ET
- Accepted
- Sep 21, 11:38 AM ET
- Size
- 9.3 KB