4//SEC Filing
Gopal Christopher 4
Accession 0001409130-10-000013
CIK 0000889930other
Filed
Mar 22, 8:00 PM ET
Accepted
Mar 23, 11:23 AM ET
Size
10.1 KB
Accession
0001409130-10-000013
Insider Transaction Report
Form 4
Gopal Christopher
VP, Global Operations
Transactions
- Purchase
Warrants
2010-02-18$15.00/sh+26,733$400,995→ 26,733 totalExercise: $2.58From: 2010-02-22Exp: 2015-02-22→ Common Stock (26,733 underlying) - Purchase
Series A Convertible Preferred Stock
2010-02-18$15.00/sh+3,333$49,995→ 3,333 totalExercise: $2.64→ Common Stock (18,964 underlying)
Footnotes (5)
- [F1]The Series A Preferred Stock is convertible (i) at the option of the holder at any time after the record date for the special meeting of shareholders to approve the issuance and sale of the Series A Preferred Stock and Warrants (including the shares of Common Stock issuable upon conversion of the Series A Preferred Stock and exercise of the Warrants) or (ii) automatically if the shareholders approve the issuance and sale of Series A Preferred Stock and Warrants (including the shares of Common Stock issuable upon conversion of the Series A Preferred Stock and exercise of the Warrants).
- [F2]Pursuant to the Certificate of Determination of Rights, Preferences, Privileges and Restrictions of Series A Convertible Preferred Stock dated February 18, 2010, a holder of shares of Series A Preferred Stock may not convert any such shares to the extent that after giving effect to such conversion the holder would beneficially own in excess of 19.999% of the total number of shares of common stock outstanding. The limitation on conversion of shares of Series A Preferred Stock will terminate if the shareholders approve the issuance and sale of Series A Preferred Stock and Warrants (including the shares of Common Stock issuable upon conversion of the Series A Preferred Stock and exercise of the Warrants).
- [F3]No expiration date.
- [F4]Pursuant to the terms of the Warrants, no holder of Warrants may exercise any such Warrants to the extent that after giving effect to such exercise the holder would beneficially own in excess of 19.999% of the total number of shares of common stock outstanding. The limitation on exercise of the Warrants will terminate if the shareholders approve the issuance and sale of Series A Preferred Stock and Warrants (including the shares of Common Stock issuable upon conversion of the Series A Preferred Stock and exercise of the Warrants).
- [F5]Pursuant to the Purchase Agreement dated as of February 18, 2010 by and among Overland Storage, Inc. and the investor named herein, the per unit price of a share of Series A Preferred Stock and Warrants exercisable for approximately eight shares of Common Stock is $15.00.
Documents
Issuer
OVERLAND STORAGE INC
CIK 0000889930
Entity typeother
Related Parties
1- filerCIK 0001417471
Filing Metadata
- Form type
- 4
- Filed
- Mar 22, 8:00 PM ET
- Accepted
- Mar 23, 11:23 AM ET
- Size
- 10.1 KB