4//SEC Filing
GLOWPOINT INC 4
Accession 0001362537-07-000047
$TWAVCIK 0000746210operating
Filed
Sep 23, 8:00 PM ET
Accepted
Sep 24, 6:50 PM ET
Size
8.8 KB
Accession
0001362537-07-000047
Insider Transaction Report
Form 4
GLOWPOINT INCglow
Heinen Edwin
CFO
Transactions
- Purchase
10% Senior Secured Promissory Note
2007-09-21+250,000→ 579,000 totalExercise: $0.50From: 2007-09-21Exp: 2009-03-31→ common stock (250,000 underlying) - Purchase
Series A-2 Warrant (right to buy)
2007-09-21+125,000→ 704,000 totalExercise: $0.65From: 2007-09-21Exp: 2012-09-21→ common stock (125,000 underlying)
Footnotes (1)
- [F1]The reporting person invested $125,000 and was issued a Senior Secured Convertible Promissory Note by the Issuer, which note bears interest at 10% per annum (which increases to 12% per annum commencing one year following the issuance date), matures on March 31, 2009, and is convertible into common stock at a conversion rate of $0.50 per share. Interest is payable quarterly, which may be paid by the Issuer with additional senior secured convertible promissory notes. In connection with the reporting person's investment, the Issuer issued the reporting person a Series A-2 warrant to acquire 50% of the shares that would be issuable upon conversion of the reporting person's Senior Secured Convertible Promissory Note. No fee, commission or other compensation of any kind was paid by the Issuer to the reporting person in connection with the reporting person's investment in the Senior Secured Convertible Promissory Note and the Series A-2 Warrant.
Documents
Issuer
GLOWPOINT INC
CIK 0000746210
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000746210
Filing Metadata
- Form type
- 4
- Filed
- Sep 23, 8:00 PM ET
- Accepted
- Sep 24, 6:50 PM ET
- Size
- 8.8 KB