4//SEC Filing
Martins Luis 4
Accession 0001455244-12-000009
CIK 0000913443other
Filed
Feb 29, 7:00 PM ET
Accepted
Mar 1, 2:31 PM ET
Size
11.4 KB
Accession
0001455244-12-000009
Insider Transaction Report
Form 4
Martins Luis
10% Owner
Transactions
- Purchase
Additional Investment Right (right to buy)
2012-02-28Exercise: $6250.00From: 2012-02-28Exp: 2012-07-15→ Senior Secured Convertible Promissory Notes and Warrants - Purchase
Common Stock Warrants (right to buy)
2012-02-28+227,272→ 4,090,908 totalExercise: $0.11From: 2012-02-28Exp: 2016-01-17→ Common stock (227,272 underlying) - Purchase
Senior Secured Convertible Promissory Notes
2012-02-28Exercise: $0.11From: 2012-02-28Exp: 2013-07-17→ Common Stock (227,272 underlying)
Footnotes (6)
- [F1]The Senior Secured Convertible Promissory Notes (the "Note") 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 Notes, warrants to purchase common stock of the Company (the "Warrants") and Additional Investment Rights granting the investors the right to purchase additional Notes and Warrants (the "AIRs").
- [F2]The conversion price of the Notes is subject to adjustment in certain circumstances. If the Company issues shares of common stock, or securities convertible into or exercisable for shares of common stock, at a price lower than the conversion price, then the conversion price of the Notes will, with limited exceptions, be adjusted to such lower price.
- [F3]The aggregate purchase price for the Notes, Warrants and AIRs was $25,000.
- [F4]The exercise price of the Warrants is subject to adjustment in certain circumstances. If the Company issues shares of common stock, or securities convertible into or exercisable for shares of common stock, at a price lower than the exercise price, then the exercise price of the Warrants will, with limited exceptions, be adjusted to such lower price.
- [F5]The AIRs grant the reporting person the right to purchase an additional principal amount of Notes equal to 25% of the original principal amount of Notes purchased by the reporting person at the closing (i.e., $6,250) and a corresponding amount of Warrants (i.e., 56,818 shares).
- [F6]Represents the aggregate purchase price for all Notes and Warrants that may be acquired upon exercise of 100% of the AIR.
Documents
Issuer
CAMBRIDGE HEART INC
CIK 0000913443
Entity typeother
Related Parties
1- filerCIK 0001479586
Filing Metadata
- Form type
- 4
- Filed
- Feb 29, 7:00 PM ET
- Accepted
- Mar 1, 2:31 PM ET
- Size
- 11.4 KB