Filing Details

Accession Number:
0001437749-12-012625
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-12-06 16:24:11
Reporting Period:
2012-12-05
Filing Date:
2012-12-06
Accepted Time:
2012-12-06 16:24:11
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
894237 Vision Sciences Inc VSCI Electromedical & Electrotherapeutic Apparatus (3845) 133430173
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
901507 C Lewis Pell C/O Vision-Sciences, Inc.
40 Ramland Road South, Suite 1
Orangeburg NY 10962
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock $0.01 Par Value Per Share Acquisiton 2012-12-05 200 $1.10 8,893,414 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Common Stock warrant (right to buy) Acquisiton 2009-11-09 272,727 $0.00 272,727 $1.38
Common Stock Common Stock warrant (right to buy) Acquisiton 2010-03-29 189,394 $0.00 189,394 $1.65
Common Stock Common Stock warrant (right to buy) Acquisiton 2010-06-29 151,515 $0.00 151,515 $1.65
Common Stock Common Stock warrant (right to buy) Acquisiton 2010-12-16 37,879 $0.00 37,879 $1.65
Common Stock Common Stock warrant (right to buy) Acquisiton 2011-09-30 1,229,105 $0.00 1,229,105 $2.03
Common Stock Convertible Promissory Note Acquisiton 2012-09-19 0 $0.00 12,500,000 $1.20
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
272,727 2009-11-09 No 4 J Direct
189,394 2010-03-29 No 4 J Direct
340,909 2010-06-29 No 4 J Direct
378,788 2010-12-16 No 4 J Direct
1,229,105 2011-09-30 No 4 J Direct
12,500,000 2012-09-19 2017-09-19 No 4 J Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock $0.01 Par Value Per Share 50,000 Indirect By spouse
Common Stock $0.01 Par Value Per Share 348,514 Indirect By children
Common Stock $0.01 Par Value Per Share 43,500 Indirect By trust
Common Stock $0.01 Par Value Per Share 2,400 Indirect By brother's family
Footnotes
  1. Warrants issued in consideration for certain loans made by the Reporting Person to the Company.
  2. Warrants expire on the later of September 30, 2016 or one year following the termination or repayment of all amounts due and payable under the loan associated with the issuance of such warrants.
  3. Revolving $20 million convertible note dated September 19, 2012 (the "Note") between the Reporting Person and the Company. The Note is convertible, at the Reporting Person's option, into shares of the Company's common stock at a fixed conversion price of $1.20 per share.