4//SEC Filing
Heiland K. Peter 4
Accession 0001455244-10-000124
CIK 0001076930other
Filed
Jul 26, 8:00 PM ET
Accepted
Jul 27, 7:39 PM ET
Size
12.5 KB
Accession
0001455244-10-000124
Insider Transaction Report
Form 4
GSI GROUP INCGSIGQ
Heiland K. Peter
Director
Transactions
- Exercise/Conversion
Subscription Rights (right to buy)
2010-07-23$1.80/sh−4,665,435$8,397,783→ 4,665,435 total(indirect: By LLC)Exercise: $1.80From: 2010-07-07Exp: 2010-07-23→ Common Stock (4,665,435 underlying) - Small Acquisition
Common Stock
2010-07-23−4,766,972→ 0 total(indirect: By LLC) - Award
Common Stock
2010-07-23+4,473,088→ 4,473,088 total(indirect: By LLC) - Exercise/Conversion
Common Stock
2010-07-23$1.80/sh+4,665,435$8,397,783→ 9,138,523 total(indirect: By LLC)
Footnotes (4)
- [F1]On July 23, 2010 (the "Effective Date"), the Final Fourth Modified Joint Chapter 11 Plan of Reorganization for MES International Inc. ("MES"), GSI Group Inc. (the "Company") and GSI Group Corporation ("GSI" and, collectively with MES and the Company, the "Debtors"), as confirmed by the United States Bankruptcy Court for the District of Delaware on May 27, 2010 (the "Plan"), became effective and the Debtors emerged from Chapter 11 protection. In connection with the Plan, (i) all common shares and vested share rights of the Company that were outstanding prior to the Effective Date (collectively, the "Old Common Shares") were cancelled and (ii) new common shares of the Company, as reorganized ("New Common Shares"), were issued to holders of such Old Common Shares under the Final Plan on a one-for-one basis, subject to a 6.165% escrow as contemplated in the Plan.
- [F2]Shares are owned directly by JEC II Associates, LLC ("JEC") and indirectly by the Reporting Person.
- [F3]K. Peter Heiland is a manager of JEC. Mr. Heiland disclaims beneficial ownership in the securities, except to the extent of his indirect pecuniary interest therein. Mr. Heiland became a director of the Company simultaneously with the transactions described in this Form 4 and the effectiveness of the Plan.
- [F4]Pursuant to the rights offering contemplated under the Plan, JEC elected to subscribe for New Common Shares of the Company at a purchase price of $1.80 per New Common Share. In connection with such election, the Company issued 4,665,435 New Common Shares to JEC on the Effective Date of the Plan.
Documents
Issuer
GSI GROUP INC
CIK 0001076930
Entity typeother
Related Parties
1- filerCIK 0001477355
Filing Metadata
- Form type
- 4
- Filed
- Jul 26, 8:00 PM ET
- Accepted
- Jul 27, 7:39 PM ET
- Size
- 12.5 KB