Filing Details

Accession Number:
0001259062-13-000002
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-01-09 17:09:29
Reporting Period:
2013-01-07
Filing Date:
2013-01-09
Accepted Time:
2013-01-09 17:09:29
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1316898 Jamba Inc. JMBA Retail-Eating & Drinking Places (5810) 202122262
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1259062 R Andrew Heyer C/O Mistral Capital Management, Llc
650 Fifth Avenue, 31St Fl
New York NY 10019
Yes No No 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 Acquisiton 2013-01-07 40,278 $1.15 40,278 No 4 C Direct
Common Stock Acquisiton 2013-01-07 14,532 $1.15 14,532 No 4 C Direct
Common Stock Acquisiton 2013-01-07 2,994 $1.15 2,994 No 4 C Direct
Common Stock Disposition 2013-01-07 40,278 $2.52 0 No 4 S Direct
Common Stock Disposition 2013-01-07 14,532 $2.52 0 No 4 S Direct
Common Stock Disposition 2013-01-07 2,994 $2.52 0 No 4 S Direct
Common Stock Acquisiton 2013-01-08 367,771 $1.15 367,771 No 4 C Direct
Common Stock Acquisiton 2013-01-08 132,689 $1.15 132,689 No 4 C Direct
Common Stock Acquisiton 2013-01-08 27,340 $1.15 27,340 No 4 C Direct
Common Stock Disposition 2013-01-08 367,771 $2.54 0 No 4 S Direct
Common Stock Disposition 2013-01-08 132,689 $2.54 0 No 4 S Direct
Common Stock Disposition 2013-01-08 27,340 $2.54 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 C Direct
No 4 C Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 C Direct
No 4 C Direct
No 4 C Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Preferred Stock (right to buy) Disposition 2013-01-07 403 $0.00 40,278 $1.15
Common Stock Preferred Stock (right to buy) Disposition 2013-01-07 145 $0.00 14,532 $1.15
Common Stock Preferred Stock (right to buy) Disposition 2013-01-07 30 $0.00 2,994 $1.15
Common Stock Preferred Stock (right to buy) Disposition 2013-01-08 3,678 $0.00 367,771 $1.15
Common Stock Preferred Stock (right to buy) Disposition 2013-01-08 1,327 $0.00 132,689 $1.15
Common Stock Preferred Stock (right to buy) Disposition 2013-01-08 273 $0.00 27,340 $1.15
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
13,289 No 4 C Direct
4,794 No 4 C Direct
988 No 4 C Direct
9,612 No 4 C Direct
3,467 No 4 C Direct
714 No 4 C Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 2,010 Direct
Footnotes
  1. Mistral Equity GP, LLC ("ME GP") is the general partner of (i) Mistral Equity Partners, LP ("MEP"), a Delaware limited partnership and (ii) Mistral Equity Partners QP, LP ("MEP QP"), a Delaware limited partnership. Andrew R. Heyer ("Mr. Heyer"), who became a director of the Issuer on June 16, 2009, is the chief executive officer, sole managing member and a managing director of ME GP.
  2. Mr. Heyer is the sole managing member of MEP Co-Invest, LLC ("MEP C-I"), a Delaware limited liability company.
  3. ME GP indirectly owned Common Stock of the Issuer ("Common Shares") sold by MEP and Common Shares sold by MEP QP on January 7 and January 8, 2013. After the sales, ME GP indirectly owned 0 Common Shares.
  4. Represents Common Shares sold by MEP. After the sales, MEP directly owned 0 Common Shares.
  5. Represents Common Shares sold by MEP QP. After the sales, MEP QP directly owned 0 Common Shares.
  6. Represents Common Shares sold by MEP C-I. After the sales, MEP C-I directly owned 0 Common Shares.
  7. MEP, MEP QP and MEP C-I exercised their right to convert shares of Series B-1 Convertible Preferred Stock, par value $0.001 per share, ("Preferred Shares") of the Issuer on January 7 and January 8, 2013.
  8. The remaining Preferred Shares not converted by the Reporting Persons continue to be convertible at the election of the Reporting Persons, at any time, into Common Shares at a rate equal to $115 per Preferred Share divided by the initial conversion price of $1.15 per share, which rate is subject to customary anti-dilution adjustments for stock splits, dividends and the like. After June 16, 2011, the Issuer has the right to force the Preferred Shares to convert into Common Shares if (i) the Common Share trading volume averages 150,000 shares per trading day over a 30 trading day period and (ii) the daily volume weighted average price per Common Share exceeds the product of 2.5 times the then-applicable conversion price for any 20 of the preceding 30 trading days.
  9. There is no expiration on either the optional or mandatory conversion right. After 7 years from the date the Preferred Shares are originally issued, the holders of at least a majority of the then outstanding Preferred Shares and shares of the Issuer's Series B-2 Convertible Preferred Stock, par value $0.001 per share, will have the right to require the Issuer to redeem their shares, in whole or in part, at a price per share equal to the original sale price per share plus any unpaid but accrued dividends.
  10. Represents Preferred Shares or Common Shares, as applicable, indirectly owned by ME GP.
  11. Represents Preferred Shares or Common Shares, as applicable, directly owned by MEP.
  12. Represents Preferred Shares or Common Shares, as applicable, directly owned MEP QP.
  13. Represents Preferred Shares or Common Shares, as applicable, directly owned MEP C-I.
  14. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.