Form 4 for LEDS SemiLEDs Corp
Accepted 2024-01-10 00:00:00 ET · period of report 2024-01-08 · accession 0000950170-24-003672 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2024-01-10 | 2024-01-08 | LEDS | Simplot Scott R. | Dir, 10% | J - Other | $1.31 | +305.3K | 2.48M | +14% | +$400.0K |
| DI | 2024-01-10 | 2024-01-08 | LEDS | Simplot Scott R. | Dir, 10% | C - Cnv Deriv | $1.31 | +1.05M | 2.17M | +94% | +$1.38M |
| DI | 2024-01-10 | 2024-01-08 | LEDS | Simplot Scott R. | Dir, 10% | C - Cnv Deriv | — | 0 | 0 | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-01-08 | J | A | 305,343 | $1.31 | 2,476,335 | I See Footnote | — | — | (F4) Consists of the number of shares issued to ST on the Effective Date representing the payment of interest under the Loan Agreement described above. |
| 2 | Common | Common Stock | 2024-01-08 | C | A | 1,050,022 | $1.31 | 2,170,992 | I See Footnote | — | — | (F2) Consists of (i) 2,139,957 shares of Common Stock owned of record by ST and (ii) 31,036 shares of Common Stock owned of record by JRS Properties III LLLP, an Idaho limited liability limited partnership ("JRS Properties"). ST is wholly owned by JRS, and Scott R. Simplot (the "Reporting Person") is the chairman of JRS. Accordingly, the Reporting Person may be deemed to have shared voting and investment power over the shares held by ST. JRS Management L.L.C., an Idaho limited liability company ("JRS Management"), is the sole general partner of JRS Properties. The Reporting Person and Stephen A. Beebe are the managers of JRS Management, and accordingly the Reporting Person may be deemed to have shared voting and investment power over the shares held by JRS Properties. The Reporting Person disclaims beneficial ownership over the shares reported herein except to the extent of his pecuniary interest therein. |
| 3 | Derivative | Convertible Unsecured Promissory Note | 2024-01-08 | C | D | — | $0.00 | 0 | I See Footnote | $1.31 · 2019-11-25 to — | 1,050,022 Common Stock | (F2) Consists of (i) 2,139,957 shares of Common Stock owned of record by ST and (ii) 31,036 shares of Common Stock owned of record by JRS Properties III LLLP, an Idaho limited liability limited partnership ("JRS Properties"). ST is wholly owned by JRS, and Scott R. Simplot (the "Reporting Person") is the chairman of JRS. Accordingly, the Reporting Person may be deemed to have shared voting and investment power over the shares held by ST. JRS Management L.L.C., an Idaho limited liability company ("JRS Management"), is the sole general partner of JRS Properties. The Reporting Person and Stephen A. Beebe are the managers of JRS Management, and accordingly the Reporting Person may be deemed to have shared voting and investment power over the shares held by JRS Properties. The Reporting Person disclaims beneficial ownership over the shares reported herein except to the extent of his pecuniary interest therein. (F5) 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. |