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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Convertible Notes (9) | $ 1.25 | 08/20/2014 | J(9) | $ 7,859,515 | 05/07/2013 | 09/26/2017 | Common Stock | 6,287,612 | (9) | $ 0 | I | See Footnotes (1) (2) | |||
Convertible Notes (9) | $ 1.25 | 08/20/2014 | J(9) | $ 7,859,515 | 08/20/2014 | 03/31/2022 | Common Stock | 6,287,612 | (9) | $ 7,859,515 | I | See Footnotes (1) (2) | |||
Convertible Notes (9) | $ 1.25 | 08/20/2014 | J(9) | $ 1,074,804 | 05/07/2013 | 09/26/2017 | Common Stock | 859,843 | (9) | $ 0 | I | See Footnotes (3) (4) | |||
Convertible Notes (9) | $ 1.25 | 08/20/2014 | J(9) | $ 1,074,804 | 08/20/2014 | 03/31/2022 | Common Stock | 859,843 | (9) | $ 1,074,804 | I | See Footnotes (3) (4) | |||
Convertible Notes (9) | $ 1.25 | 08/20/2014 | J(9) | $ 8,551,794 | 05/07/2013 | 09/26/2017 | Common Stock | 6,841,435 | (9) | $ 0 | I | See Footnotes (5) (6) | |||
Convertible Notes (9) | $ 1.25 | 08/20/2014 | J(9) | $ 8,551,794 | 08/20/2014 | 03/31/2022 | Common Stock | 6,841,435 | (9) | $ 8,551,794 | I | See Footnotes (5) (6) | |||
Convertible Notes (9) | $ 1.25 | 08/20/2014 | J(9) | $ 21,544,579 | 05/07/2013 | 09/26/2017 | Common Stock | 17,235,663 | (9) | $ 0 | I | See Footnotes (7) (8) | |||
Convertible Notes (9) | $ 1.25 | 08/20/2014 | J(9) | $ 21,544,579 | 08/20/2014 | 03/31/2022 | Common Stock | 17,235,663 | (9) | $ 21,544,579 | I | See Footnotes (7) (8) | |||
Bridge Notes (10) | $ 0.5 | 08/20/2014 | J(10) | $ 462,675 | 05/07/2013 | 09/26/2017 | Common Stock | 925,350 | (10) | $ 0 | I | See Footnotes (1) (2) | |||
Bridge Notes (10) | $ 0.5 | 08/20/2014 | J(10) | $ 462,675 | 08/20/2014 | 03/31/2022 | Common Stock | 925,350 | (10) | $ 462,675 | I | See Footnotes (1) (2) | |||
Bridge Notes (10) | $ 0.5 | 08/20/2014 | J(10) | $ 61,547 | 05/07/2013 | 09/26/2017 | Common Stock | 123,094 | (10) | $ 0 | I | See Footnotes (3) (4) | |||
Bridge Notes (10) | $ 0.5 | 08/20/2014 | J(10) | $ 61,547 | 08/20/2014 | 03/31/2022 | Common Stock | 123,094 | (10) | $ 61,547 | I | See Footnotes (3) (4) | |||
Bridge Notes (10) | $ 0.5 | 08/20/2014 | J(10) | $ 353,567 | 05/07/2013 | 09/26/2017 | Common Stock | 707,134 | (10) | $ 0 | I | See Footnotes (5) (6) | |||
Bridge Notes (10) | $ 0.5 | 08/20/2014 | J(10) | $ 353,567 | 08/20/2014 | 03/31/2022 | Common Stock | 707,134 | (10) | $ 353,567 | I | See Footnotes (5) (6) | |||
Bridge Notes (10) | $ 0.5 | 08/20/2014 | J(10) | $ 890,740 | 05/07/2013 | 09/26/2017 | Common Stock | 1,781,480 | (10) | $ 0 | I | See Footnotes (7) (8) | |||
Bridge Notes (10) | $ 0.5 | 08/20/2014 | J(10) | $ 890,740 | 08/20/2014 | 03/31/2022 | Common Stock | 1,781,480 | (10) | $ 890,740 | I | See Footnotes (7) (8) | |||
Reimbursement Notes (11) | $ 0.5 | 08/20/2014 | J(11) | $ 132,285 | 05/07/2013 | 04/26/2014 | Common Stock | 264,570 | (11) | $ 0 | I | See Footnotes (1) (2) | |||
Reimbursement Notes (11) | $ 0.5 | 08/20/2014 | J(11) | $ 132,285 | 08/20/2014 | (12) | Common Stock | 264,570 | (11) | $ 132,285 | I | See Footnotes (1) (2) | |||
Reimbursement Notes (11) | $ 0.5 | 08/20/2014 | J(11) | $ 18,428 | 05/07/2013 | 04/26/2014 | Common Stock | 36,856 | (11) | $ 0 | I | See Footnotes (3) (4) | |||
Reimbursement Notes (11) | $ 0.5 | 08/20/2014 | J(11) | $ 18,428 | 08/20/2014 | (12) | Common Stock | 36,856 | (11) | $ 18,428 | I | See Footnotes (3) (4) | |||
Reimbursement Notes (11) | $ 0.5 | 08/20/2014 | J(11) | $ 144,132 | 05/07/2013 | 04/26/2014 | Common Stock | 288,264 | (11) | $ 0 | I | See Footnotes (5) (6) | |||
Reimbursement Notes (11) | $ 0.5 | 08/20/2014 | J(11) | $ 144,132 | 08/20/2014 | (12) | Common Stock | 288,264 | (11) | $ 144,132 | I | See Footnotes (5) (6) | |||
Reimbursement Notes (11) | $ 0.5 | 08/20/2014 | J(11) | $ 363,290 | 05/07/2013 | 04/26/2014 | Common Stock | 726,580 | (11) | $ 0 | I | See Footnotes (7) (8) | |||
Reimbursement Notes (11) | $ 0.5 | 08/20/2014 | J(11) | $ 363,290 | 08/20/2014 | (12) | Common Stock | 726,580 | (11) | $ 363,290 | I | See Footnotes (7) (8) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
RACHESKY MARK H MD 40 WEST 57TH STREET 24TH FLOOR NEW YORK, NY 10019 |
X | X | ||
MHR Capital Partners Master Account LP 40 WEST 57TH STREET 24TH FLOOR NEW YORK, NY 10019 |
X | |||
MHR ADVISORS LLC 40 WEST 57TH STREET 24TH FLOOR NEW YORK, NY 10019 |
X | |||
MHR Institutional Partners II LP 40 WEST 57TH STREET 24TH FLOOR NEW YORK, NY 10019 |
X | |||
MHR Institutional Partners IIA LP 40 WEST 57TH STREET 24TH FLOOR NEW YORK, NY 10019 |
X | |||
MHR Institutional Advisors II LLC 40 WEST 57TH STREET 24TH FLOOR NEW YORK, NY 10019 |
X | |||
MHRC LLC 40 WEST 57TH STREET 24TH FLOOR NEW YORK, NY 10019 |
X | |||
MHRC II LLC 40 WEST 57TH STREET 24TH FLOOR NEW YORK, NY 10019 |
X | |||
MHR FUND MANAGEMENT LLC 40 WEST 57TH STREET 24TH FLOOR NEW YORK, NY 10019 |
X | |||
MHR Holdings LLC 40 WEST 57TH STREET 24TH FLOOR NEW YORK, NY 10019 |
X |
/s/ Janet Yeung, Attorney in Fact | 08/22/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | These securities are, or were, as applicable, held for the account of MHR Capital Partners Master Account LP, an Anguilla, British West Indies limited partnership ("Master Account"). MHR Advisors LLC, a Delaware limited liability company ("Advisors"), is the general partner of Master Account. MHRC LLC, a Delaware limited liability company ("MHRC"), is the managing member of Advisors and in such capacity may be deemed to be the beneficial owner of the securities held for the account of Master Account. Mark H. Rachesky, M.D. ("Dr. Rachesky") is the managing member of MHRC. In such capacity, Dr. Rachesky may be deemed to be the beneficial owner of the securities held for the account of Master Account. (Continued to Footnote 2) |
(2) | (Continued from Footnote 1) MHR Fund Management LLC, a Delaware limited liability company ("Fund Management"), has an investment management agreement with Master Account pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Master Account and, accordingly, Fund Management may be deemed to beneficially own the securities held for the account of Master Account. MHR Holdings LLC, a Delaware limited liability company ("MHR Holdings"), is the managing member of Fund Management and, in such capacity, may be deemed to beneficially own any shares that are deemed to be beneficially owned by Fund Management. Accordingly, MHR Holdings may be deemed to beneficially own the shares held for the account of Master Account. |
(3) | These securities are, or were, as applicable, held for the account of MHR Capital Partners (100) LP, a Delaware limited partnership ("Capital Partners (100)"). Advisors is the general partner of Capital Partners (100). MHRC is the managing member of Advisors and in such capacity may be deemed to be the beneficial owner of the securities held for the account of Capital Partners (100). Dr. Rachesky is the managing member of MHRC. In such capacity, Dr. Rachesky may be deemed to be the beneficial owner of the securities held for the account of Capital Partners (100). (Continued to Footnote 4) |
(4) | (Continued from Footnote 3) Fund Management has an investment management agreement with Capital Partners (100) pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the securities held for the account of Capital Partners (100) and, accordingly, Fund Management may be deemed to beneficially own the securities held for the account of Capital Partners (100). MHR Holdings is the managing member of Fund Management and, in such capacity, may be deemed to beneficially own any shares that are deemed to be beneficially owned by Fund Management. Accordingly, MHR Holdings may be deemed to beneficially own the shares held for the account of Capital Partners (100). |
(5) | These securities are, or were, as applicable, held for the account of MHR Institutional Partners II LP, a Delaware limited partnership ("Institutional Partners II"). MHR Institutional Advisors II LLC, a Delaware limited liability company ("Institutional Advisors II"), is the general partner of Institutional Partners II. MHRC II LLC, a Delaware limited liability company ("MHRC II"), is the managing member of Institutional Advisors II and in such capacity may be deemed to be the beneficial owner of the securities held for the account of Institutional Partners II. Dr. Rachesky is the managing member of MHRC II. In such capacity, Dr. Rachesky may be deemed to be the beneficial owner of the securities held for the account of Institutional Partners II. (Continued to Footnote 6) |
(6) | (Continued from Footnote 5) Fund Management has an investment management agreement with Institutional Partners II pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the securities held for the account of Institutional Partners II and, accordingly, Fund Management may be deemed to beneficially own the securities held for the account of Institutional Partners II. MHR Holdings is the managing member of Fund Management and, in such capacity, may be deemed to beneficially own any shares that are deemed to be beneficially owned by Fund Management. |
(7) | These securities are, or were, as applicable, held for the account of MHR Institutional Partners IIA LP, a Delaware limited partnership ("Institutional Partners IIA"). Institutional Advisors II is the general partner of Institutional Partners IIA. MHRC II is the managing member of Institutional Advisors II and in such capacity may be deemed to be the beneficial owner of the securities held for the account of Institutional Partners IIA. Dr. Rachesky is the managing member of MHRC II. In such capacity, Dr. Rachesky may be deemed to be the beneficial owner of the securities held for the account of Institutional Partners IIA. (Continued to Footnote 8) |
(8) | (Continued from Footnote 7) Fund Management has an investment management agreement with Institutional Partners IIA pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the securities held for the account of Institutional Partners IIA and, accordingly, Fund Management may be deemed to beneficially own the securities held for the account of Institutional Partners IIA. MHR Holdings is the managing member of Fund Management and, in such capacity, may be deemed to beneficially own any shares that are deemed to be beneficially owned by Fund Management. Accordingly, MHR Holdings may be deemed to beneficially own the shares held for the account of Institutional Partners IIA. |
(9) | The reported transactions involved an amendment and restatement of outstanding Senior Secured Convertible Notes of the Issuer (the "Amended and Restated Convertible Notes"), as further described in that certain Schedule 13D/A filed by the Reporting Persons on August 22, 2014. Interest on the Amended and Restated Convertible Notes is payable in kind, semiannually, in additional Amended and Restated Convertible Notes. |
(10) | The reported transactions involved an amendment and restatement of outstanding Senior Secured Bridge Promissory Notes of the Issuer (the "Amended and Restated Convertible Bridge Notes"), as further described in that certain Schedule 13D/A filed by the Reporting Persons on August 22, 2014. Interest on the Amended and Restated Convertible Bridge Notes is payable in kind, semiannually, in additional Amended and Restated Convertible Bridge Notes. |
(11) | The reported transactions involved an amendment and restatement of outstanding Reimbursement Promissory Notes of the Issuer (the "Amended and Restated Convertible Reimbursement Notes"), as further described in that certain Schedule 13D/A filed by the Reporting Persons on August 22, 2014. Interest on the Amended and Restated Convertible Reimbursement Notes is payable in kind, semiannually, in additional Amended and Restated Convertible Reimbursement Notes. |
(12) | The Amended and Restated Convertible Reimbursement Notes mature on the earlier of (a) March 31, 2022 and (b) immediately prior to the time that any amounts outstanding are paid under that certain senior secured loan facility, dated August 20, 2014, by and among the Issuer, Master Account, Capital Partners (100), Institutional Partners II and Institutional Partners IIA. |