Filing Details
- Accession Number:
- 0001569608-17-000009
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-04-04 22:00:05
- Reporting Period:
- 2017-03-29
- Filing Date:
- 2017-04-04
- Accepted Time:
- 2017-04-04 22:00:05
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1029581 | Modsys International Ltd | MDSY | Services-Computer Programming Services (7371) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1569608 | Columbia Pacific Advisors, Llc | 1910 Fairview Ave E Suite 200 Seattle WA 98102 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Acquisiton | 2017-03-31 | 10,000 | $0.85 | 7,144,072 | No | 4 | P | Indirect | General Partner |
| Ordinary Shares | Acquisiton | 2017-04-03 | 757,575 | $0.66 | 7,901,647 | No | 4 | P | Indirect | General Partner |
| Ordinary Shares | Acquisiton | 2017-04-04 | 1,091,442 | $0.01 | 8,993,089 | No | 4 | P | Indirect | General Partner |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | General Partner |
| No | 4 | P | Indirect | General Partner |
| No | 4 | P | Indirect | General Partner |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Warrants (Right to Buy) | Acquisiton | 2017-03-29 | 735,294 | $0.00 | 735,294 | $0.01 |
| Ordinary Shares, Nis 0.04 Par Value | Warrants (Right to Buy) | Disposition | 2017-04-04 | 735,294 | $0.01 | 735,294 | $0.01 |
| Ordinary Shares, Nis 0.04 Par Value | Warrants (Right to Buy) | Disposition | 2017-04-04 | 356,148 | $0.01 | 356,148 | $0.01 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 735,294 | 2017-03-29 | 2020-03-28 | No | 4 | J | Indirect |
| 0 | 2017-03-29 | 2020-03-28 | No | 4 | X | Indirect |
| 0 | 2015-12-29 | 2018-12-29 | No | 4 | X | Indirect |
Footnotes
- Acquired by Columbia Pacific Opportunity Fund, L.P.
- Columbia Pacific Opportunity Fund, L.P. owns 8,956,556 Ordinary SharesColumbia Pacific Partners Fund (Delaware), L.P. owns 36,533 Ordinary Shares
- These warrants were received by a Proxy Vote of the shareholders on March 29, 2017. Under Proxy Proposal No. 8, in exchange for extending an existing guaranty to the Credit Agreement between Modern Systems Corporation, a wholly owned subsidiary of the Issuer, and Comerica Bank during 2016, Columbia Pacific Opportunity Fund, L.P. received 367,647 warrants.Under Proxy Proposal No. 9, in exchange for extending the existing guaranty to the Credit Agreement mentioned above during calendar year 2017, Columbia Pacific Opportunity Fund, L.P. received 367,647 warrants.
- These warrants were issued in exchange for Columbia Pacific Opportunity Fund, L.P. and certain other shareholders providing a guaranty with respect to the Credit Agreement.
- Exercised by Columbia Pacific Opportunity Fund, L.P.
- 100,000 of these warrants expiration date was 12/31/2018
- Acquired by Columbia Pacific Opportunity Fund, L.P. on the exercise of warrants listed under Derivative Securities
- Acquired by Columbia Pacific Opportunity Fund, L.P. under Proxy Proposal No. 8 approved by the vote of the shareholders on March 29, 2017.
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