4//SEC Filing
Martins Luis 4
Accession 0001455244-11-000034
CIK 0000913443other
Filed
Nov 22, 7:00 PM ET
Accepted
Nov 23, 1:21 PM ET
Size
5.3 KB
Accession
0001455244-11-000034
Insider Transaction Report
Form 4
Martins Luis
10% Owner
Transactions
- Other
Common Stock
2011-11-14$0.15/sh+238,095$35,000→ 7,211,266 total
Footnotes (2)
- [F1]The shares were issued to the reporting person as part of a transaction between Cambridge Heart, Inc. (the "Company") and certain accredited investors, including the reporting person, pursuant to which the Company issued Senior Unsecured Convertible Promissory Notes. The Senior Unsecured Convertible Promissory Notes bear a one-time interest amount equal to 10% percent of the principal amount of the Notes, which was paid in full on November 14, 2011 through the issuance of the shares reported in this Form 4.
- [F2]Pursuant to the terms of the Senior Unsecured Convertible Promissory Notes, the number of shares issued in payment of the interest due was determined based on the volume-weighted trading average of the common stock of the Company for the ten trading days prior to but not including the closing date.
Documents
Issuer
CAMBRIDGE HEART INC
CIK 0000913443
Entity typeother
Related Parties
1- filerCIK 0001479586
Filing Metadata
- Form type
- 4
- Filed
- Nov 22, 7:00 PM ET
- Accepted
- Nov 23, 1:21 PM ET
- Size
- 5.3 KB