Filing Details
- Accession Number:
- 0001179110-13-017487
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-12-05 16:12:28
- Reporting Period:
- 2013-12-03
- Filing Date:
- 2013-12-05
- Accepted Time:
- 2013-12-05 16:12:28
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1351285 | Rosetta Stone Inc | RST | Services-Prepackaged Software (7372) | 043837082 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1207712 | A Phillip Clough | 400 East Pratt Street Suite 910 Baltimore MD 21202 | 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 | Disposition | 2013-12-03 | 300,000 | $11.42 | 1,189,294 | No | 4 | S | Indirect | By Trust |
| Common Stock | Disposition | 2013-12-03 | 500,000 | $11.42 | 689,294 | No | 4 | S | Indirect | By Trust |
| Common Stock | Disposition | 2013-12-04 | 689,294 | $11.42 | 0 | No | 4 | S | Indirect | By Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | By Trust |
| No | 4 | S | Indirect | By Trust |
| No | 4 | S | Indirect | By Trust |
Footnotes
- Shares were sold by ABS Capital Partners IV Trust at a gross price of $11.45 per share, with a net price after brokerage fees of $11.42 per share.
- Shares are held by ABS Capital Partners IV Trust (the "Trust"), a liquidating trust whose trustee is ABS Capital Partners, Inc. (the "Trustee"). All voting and dispositive power over these shares is held by the Trustee. Phillip A. Clough and Laura L. Witt are managing directors of the Trustee and both serve on the issuer's board of directors. Mr. Clough and Ms. Witt disclaim beneficial ownership of the shares except to the extent of any pecuniary interest therein.
- On September 24, 2010, all remaining portfolio investments of ABS Capital Partners IV, L.P., ABS Capital Partners IV-A, L.P., ABS Capital Partners IV-Offshore, L.P., ABS Capital Partners IV-Special Offshore, L.P. and ABS Partners IV, L.L.C. (collectively, the "Funds") were transferred to the Trust in connection with the dissolution and liquidation of the Funds.
- These 500,000 shares were sold pursuant to the Stock Repurchase Agreement entered into with Rosetta Stone Inc., effective December 3, 2013.
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