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Filing Details

Accession Number:: 0001209191-10-022660
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-04-16 13:00:00
Reporting Period:: 2010-04-14

Filing Date:: 2010-04-16
Accepted Time:: 2010-04-16 19:43:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1046995	Emagin Corp	EMAN	Semiconductors & Related Devices (3674)	880378451

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1230770	Ltd Ginola	C/O Ogier, Whiteley Chambers, Don Street St. Helier Jersey Channel Islands JE4 9WG		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-04-14	29,742	$2.50	604,099	No	4	X	Direct
Common Stock	Disposition	2010-04-14	17,496	$4.25	586,603	No	4	S	Direct
Common Stock	Acquisiton	2010-04-14	120,193	$1.13	706,796	No	4	X	Direct
Common Stock	Disposition	2010-04-14	31,958	$4.25	674,838	No	4	S	Direct
Common Stock	Acquisiton	2010-04-14	746,666	$1.03	1,421,504	No	4	X	Direct
Common Stock	Disposition	2010-04-14	180,957	$4.25	1,240,547	No	4	S	Direct
Common Stock	Acquisiton	2010-04-14	29,742	$2.50	305,826	No	4	X	Indirect	By Rainbow Gate Corporation
Common Stock	Disposition	2010-04-14	17,496	$4.25	288,330	No	4	S	Indirect	By Rainbow Gate Corporation
Common Stock	Acquisiton	2010-04-14	653,333	$1.03	941,663	No	4	X	Indirect	By Rainbow Gate Corporation
Common Stock	Disposition	2010-04-14	158,338	$4.25	783,325	No	4	S	Indirect	By Rainbow Gate Corporation
Common Stock	Acquisiton	2010-04-14	120,193	$1.13	404,929	No	4	X	Indirect	By Crestflower Corporation
Common Stock	Disposition	2010-04-14	31,958	$4.25	372,971	No	4	S	Indirect	By Crestflower Corporation
Common Stock	Acquisiton	2010-04-14	32,540	$2.50	97,620	No	4	X	Indirect	By Mount Union Corp.
Common Stock	Disposition	2010-04-14	19,142	$4.25	78,478	No	4	S	Indirect	By Mount Union Corp.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	X	Direct
No	4	S	Direct
No	4	X	Direct
No	4	S	Direct
No	4	X	Direct
No	4	S	Direct
No	4	X	Indirect	By Rainbow Gate Corporation
No	4	S	Indirect	By Rainbow Gate Corporation
No	4	X	Indirect	By Rainbow Gate Corporation
No	4	S	Indirect	By Rainbow Gate Corporation
No	4	X	Indirect	By Crestflower Corporation
No	4	S	Indirect	By Crestflower Corporation
No	4	X	Indirect	By Mount Union Corp.
No	4	S	Indirect	By Mount Union Corp.

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Purchase Warrants (right to buy)	Disposition	2010-04-14	29,742	$0.00	29,742	$2.50
Common Stock	Stock Purchase Warrants (right to buy)	Disposition	2010-04-14	120,193	$0.00	120,193	$1.13
Common Stock	Stock Purchase Warrants (right to buy)	Disposition	2010-04-14	746,666	$0.00	746,666	$1.03
Common Stock	Stock Purchase Warrants (right to buy)	Disposition	2010-04-14	29,742	$0.00	29,742	$2.50
Common Stock	Stock Purchase Warrants (right to buy)	Disposition	2010-04-14	653,333	$0.00	653,333	$1.03
Common Stock	Stock Purchase Warrants (right to buy)	Disposition	2010-04-14	120,193	$0.00	120,193	$1.13
Common Stock	Stock Purchase Warrants (right to buy)	Disposition	2010-04-14	32,540	$0.00	32,540	$2.50

Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2004-11-03	2010-04-25	No	4	X	Direct
2008-04-02	2013-04-02	No	4	X	Direct
2007-07-23	2011-07-21	No	4	X	Direct
2004-11-03	2010-04-25	No	4	X	Indirect
2007-07-23	2011-07-21	No	4	X	Indirect
2008-04-02	2013-04-02	No	4	X	Indirect
2004-11-03	2010-04-25	No	4	X	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	57,372	Indirect	By Chelsea Trust Company, as Trustee

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Series B Convertible Preferred Stock	$0.75	2008-12-22		1,070,667	803	Direct
Common Stock	Series B Convertible Preferred Stock	$0.75	2008-12-22		937,333	703	Indirect
Common Stock	Stock Purchase Warrants (right to buy)	$10.00	2008-10-26	2010-10-20	54,545	54,545	Indirect
Common Stock	Stock Purchase Warrants (right to buy)	$10.00	2008-10-26	2010-10-20	27,273	27,273	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	1,070,667	803	Direct
	937,333	703	Indirect
2010-10-20	54,545	54,545	Indirect
2010-10-20	27,273	27,273	Indirect

Footnotes

Reporting Person elected to do a cashless exercise of its Series F Warrant pursuant to Section 3(d) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
Reporting Person elected to do a cashless exercise of Warrant No. 326 pursuant to Section 10(b) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
Reporting Person elected to do a cashless exercise of Warrant No. ARW-311 pursuant to Section 2(b) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
Rainbow Gate Corporation elected to do a cashless exercise of its Series F Warrant pursuant to Section 3(d) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
These securities are owned by Rainbow Gate Corporation. The shareholder of the Reporting Person is also the same shareholder of Rainbow Gate Corporation.
Rainbow Gate Corporation elected to do a cashless exercise of Warrant No. ARW-310 pursuant to Section 2(b) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
Crestflower Corporation elected to do a cashless exercise of Warrant No. 327 pursuant to Section 10(b) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
These securities are owned solely by Crestflower Corporation, Mount Union Corp., and Chelsea Trust Company Limited, as trustee, as indicated. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities.
Mount Union Corp. elected to do a cashless exercise of its Series F Warrant pursuant to Section 3(d) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
The shares of Series B Convertible Preferred Stock have the rights and preferences set forth on the Certificate of Designations of Series B Convertible Preferred Stock filed with the Secretary of State for the State of Delaware on December 19, 2008. The Series B Convertible Preferred Stock has a stated value of $1,000 per share and currently has a conversion price of $0.75 per share.
The shares of Series B Convertible Preferred Stock were purchased on December 22, 2008 as part of a private placement with the Issuer in accordance with the Securities Purchase Agreement, dated December 18, 2008, between the Issuer and the Reporting Person.
The warrants to purchase Issuer's Common Stock have an exercise price of $10.00 per share, are exercisable immediately, and will expire on October 20, 2010.