4//SEC Filing
Martins Luis 4
Accession 0001455244-12-000043
CIK 0000913443other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 7:45 PM ET
Size
11.6 KB
Accession
0001455244-12-000043
Insider Transaction Report
Form 4
Martins Luis
10% Owner
Transactions
- Conversion
Additional Investment Right (right to buy)
2012-07-31Exercise: $112500.00From: 2012-01-17Exp: 2012-07-31→ Senior Secured Convertible Promissory Notes and Warrants - Purchase
Senior Secured Convertible Promissory Notes
2012-07-31Exercise: $0.11From: 2012-07-31Exp: 2014-01-31→ Common Stock (1,022,727 underlying) - Purchase
Common Stock Warrants (right to buy)
2012-07-31+1,022,727→ 1,022,727 totalExercise: $0.15From: 2012-07-31Exp: 2016-07-31→ Common stock (1,022,727 underlying)
Footnotes (6)
- [F1]The Additional Investment Rights (the "AIRs") 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 Secured Convertible Promissory Notes (the "Notes"), warrants to purchase common stock of the Company (the "Warrants") and AIRs granting the investors the right to purchase additional Notes and Warrants in three separate closings. The exercise of the AIRs issued to the reporting persons at all three closings resulted in the reporting person purchasing an additional principal amount of Notes equal to 25% of the aggregate original principal amount of Notes purchased by the reporting person at all of the closings (i.e., $112,500) and a corresponding amount of Warrants (i.e., 1,022,727 shares).
- [F2]Represents the aggregate purchase price for all Notes and Warrants that were acquired upon exercise of 100% of the AIRs.
- [F3]The aggregate purchase price for the Notes, Warrants and AIRs was $450,000.
- [F4]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.
- [F5]The aggregate purchase price for the Notes and Warrants that were acquired upon exercise of the AIRs was $112,500.
- [F6]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.
Documents
Issuer
CAMBRIDGE HEART INC
CIK 0000913443
Entity typeother
Related Parties
1- filerCIK 0001479586
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 7:45 PM ET
- Size
- 11.6 KB