Form 4 for LEDS SemiLEDs Corp

Accepted 2024-01-10 00:00:00 ET · period of report 2024-01-08 · accession 0000950170-24-003670 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2024-01-10	2024-01-08	LEDS	Simplot Taiwan Inc.	10%	C - Cnv Deriv	$1.31	+1.05M	2.14M	+96%	+$1.38M
D	2024-01-10	2024-01-08	LEDS	Simplot Taiwan Inc.	10%	J - Other	$1.31	+305.3K	2.45M	+14%	+$400.0K
D	2024-01-10	2024-01-08	LEDS	Simplot Taiwan Inc.	10%	C - Cnv Deriv	—	0	0	New	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2024-01-08	C	A	1,050,022	$1.31	2,139,956	D	—	—	(F1) These shares were issued pursuant to the conversion of a Convertible Unsecured Promissory Note assigned to Simplot Taiwan Inc., an Idaho corporation (the "Reporting Person"), on February 20, 2020 by its sole owner, J.R. Simplot Company, a Nevada corporation ("JRS"), in the original principal amount of $1,500,00 (the "Note") for no consideration. The Note is convertible into Common Stock of the Issuer at any time at a conversion price of $1.31. On January 8, 2024 (the "Effective Date"), the Reporting Person converted an aggregate amount of $1,375,529 under the Note, which amount represents $1,200,000 of principal and $175,529 of interest, into 1,050,022 shares of Common Stock of the Issuer.
2	Common	Common Stock	2024-01-08	J	A	305,343	$1.31	2,445,299	D	—	—
3	Derivative	Convertible Unsecured Promissory Note	2024-01-08	C	D	—	$0.00	0	D	$1.31 · 2019-11-25 to —	1,050,022 Common Stock	(F3) The Note has no expiration date. As a result of the transaction reported herein, all amounts due and payable under the Note have been satisfied in full.