- Statement of Changes in Beneficial Ownership (4)
May 06 2011 - 5:36PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
ARDINGER FAMILY PARTNERSHIP
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2. Issuer Name
and
Ticker or Trading Symbol
VIEWCAST COM INC
[
VCST
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
__
X
__ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
1990 LAKEPOINT DRIVE
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3. Date of Earliest Transaction
(MM/DD/YYYY)
5/4/2011
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(Street)
LEWISVILLE, TX 75057
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Series E Convertible Redeemable Preferred Stock
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(1)
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5/4/2011
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D
(2)
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80000
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12/11/2006
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(3)
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Common Stock
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80000
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(2)
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0
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D
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Series E Convertible Redeemable Preferred Stock
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$0.50
(2)
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5/4/2011
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A
(2)
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80000
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5/4/2011
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(3)
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Common Stock
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80000
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(2)
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80000
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D
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Explanation of Responses:
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(
1)
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Under the Certificate of Designation for the Series E Convertible Redeemable Preferred Stock, the conversion price of such stock is the lesser of (a) $0.60 per share, (b) the amount of a 15% early conversion discount if converted within the first 24 months of issuance, or (3) the average closing price of the issuer's common stock for the 20 trading days preceding conversion.
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(
2)
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The transactions in rows 1 and 2 of Table II are reported to disclose a temporary adjustment to the conversion price of the Series E Convertible Redeemable Preferred Stock. This temporary adjustment period expires May 4, 2012.
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(
3)
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The Series E Convertible Redeemable Preferred Stock has no expiration date. The issuer has the right once in any given 12-month period to convert a certain portion of such stock if the closing price for the issuer's common stock during a specified period of time is at least 150% of the then-applicable conversion price.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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ARDINGER FAMILY PARTNERSHIP
1990 LAKEPOINT DRIVE
LEWISVILLE, TX 75057
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X
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Signatures
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Horace T. Ardinger Jr., General Partner
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5/6/2011
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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