Home > Insider Trading > Filing (0001209191-16-133042)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1090908	Determine Inc.	DTRM	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
949119	Iii I Lloyd Miller	3300 South Dixie Highway Suite 1-365 West Palm Beach FL 33405		No	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	Acquisiton	2016-07-14	6,009	$1.64	165,583	No	4	P	Indirect	By Milfam I L.P.
Common Stock	Acquisiton	2016-07-14	39,790	$1.65	701,340	No	4	P	Indirect	By Trust A-4 - Lloyd I. Miller

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Milfam I L.P.
No	4	P	Indirect	By Trust A-4 - Lloyd I. Miller

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,133,277	Indirect	By Milfam II L.P.
Common Stock	87,410	Indirect	By Milgrat (D10)
Common Stock	247,180	Indirect	By Trust C - Lloyd I. Miller
Common Stock	2,100	Indirect	By Trust D - Lloyd I. Miller
Common Stock	30,780	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Junior Secured Convertible Promissory Note	$3.75	2015-12-16	2020-12-16	160,000	160,000	Direct
Common Stock	Junior Secured Convertible Promissory Note	$3.75	2015-12-16	2020-12-16	160,000	160,000	Indirect
Common Stock	Junior Secured Convertible Promissory Note	$3.75	2015-12-16	2020-12-16	160,000	160,000	Indirect
Common Stock	Warrant	$6.00			79,787	79,787	Indirect
Common Stock	Warrant	$6.00			79,787	79,787	Indirect
Common Stock	Warrant	$6.00			79,787	79,787	Indirect
Common Stock	Junior Secured Convertible Promissory Notes	$5.70		2020-12-16	175,439	175,439	Indirect
Common Stock	Junior Secured Convertible Promissory Notes	$5.70		2020-12-16	175,439	175,439	Indirect
Common Stock	Junior Secured Convertible Promissory Notes	$5.70		2020-12-16	175,439	175,439	Direct
Common Stock	Warrant	$7.00	2014-08-27	2019-08-27	49,401	49,401	Indirect
Common Stock	Warrant	$7.00	2014-08-27	2019-08-27	13,722	13,722	Indirect
Common Stock	Warrant	$7.00	2014-08-27	2019-08-27	74,102	74,102	Indirect
Common Stock	Warrant	$7.00	2014-07-24	2019-07-24	57,558	57,558	Indirect
Common Stock	Warrant	$7.00	2014-07-24	2019-07-24	15,988	15,988	Indirect
Common Stock	Warrant	$7.00	2014-07-24	2019-07-24	86,338	86,338	Indirect
Common Stock	Series A Warrant	$7.75	2013-12-01	2018-05-31	40,894	40,894	Indirect
Common Stock	Series A Warrant	$7.75	2013-12-01	2018-05-31	11,359	11,359	Indirect
Common Stock	Series A Warrant	$7.75	2013-12-01	2018-05-31	61,342	61,342	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-12-16	160,000	160,000	Direct
2020-12-16	160,000	160,000	Indirect
2020-12-16	160,000	160,000	Indirect
	79,787	79,787	Indirect
	79,787	79,787	Indirect
	79,787	79,787	Indirect
2020-12-16	175,439	175,439	Indirect
2020-12-16	175,439	175,439	Indirect
2020-12-16	175,439	175,439	Direct
2019-08-27	49,401	49,401	Indirect
2019-08-27	13,722	13,722	Indirect
2019-08-27	74,102	74,102	Indirect
2019-07-24	57,558	57,558	Indirect
2019-07-24	15,988	15,988	Indirect
2019-07-24	86,338	86,338	Indirect
2018-05-31	40,894	40,894	Indirect
2018-05-31	11,359	11,359	Indirect
2018-05-31	61,342	61,342	Indirect

Footnotes

The price in Column 4 is a weighted average price. The prices actually paid ranged from $1.55 to $1.64 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.
The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. This filing shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this filing.
Such Warrant will be exercisable six months following the date of issuance, February 6, 2015.
Such Warrant will expire on the fifth anniversary of the exercisability date.
As previously reported, the issuer entered into a binding term sheet with the reporting person pursuant to which the issuer agreed to issue and the reporting person agreed to purchase, junior secured convertible promissory notes in the aggregate principal amount of $3 million subject to negotiation and execution of definitive documentation. On March 11, 2015, the notes were executed and on May 5, 2015, the shareholders approved the conversion of the notes at the stockholders meeting.
The issuer and the reporting person agreed to amend the maturity date from March 11, 2020 to December 16, 2020.
Subject to adjustment for fractional shares.