Filing Details
- Accession Number:
- 0001140361-17-022539
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-05-26 16:03:11
- Reporting Period:
- 2017-03-24
- Filing Date:
- 2017-05-26
- Accepted Time:
- 2017-05-26 16:03:11
- 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 |
|---|---|---|---|---|---|---|---|
| 1230586 | Stillwater Holdings Llc | 654 Madison Avenue 9Th Floor New York NY 10065 | 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 | 2017-05-24 | 50,000 | $2.00 | 2,250,000 | No | 4 | P | Indirect | By Stillwater Trust LLC |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | By Stillwater Trust LLC |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Common Stock Purchase Warrants (right to buy) | Acquisiton | 2017-03-24 | 100,000 | $0.00 | 100,000 | $2.25 |
| Common Stock | Common Stock Purchase Warrants (right to buy) | Acquisiton | 2017-05-24 | 25,000 | $0.00 | 25,000 | $2.45 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 100,000 | 2017-09-24 | 2021-06-23 | No | 4 | J | Indirect |
| 25,000 | 2017-05-24 | 2022-05-24 | No | 4 | P | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 1,283,501 | Direct | |
| Common Stock | 4,250,000 | Indirect | By Flat Creek Fiduciary Management LLC, as Trustee |
| Common Stock | 783,325 | Indirect | By Rainbow Gate Corporation |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Series B Convertible Preferred Stock | $0.75 | 5,377,333 | 4,033 | Direct | ||
| Common Stock | Series B Convertible Preferred Stock | $0.75 | 937,333 | 703 | Indirect | ||
| Common Stock | Common Stock Purchase Warrants (right to buy) | $0.00 | 1,152,668 | 1,152,668 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 5,377,333 | 4,033 | Direct | |
| 937,333 | 703 | Indirect | |
| 1,152,668 | 1,152,668 | Indirect |
Footnotes
- These securities are owned by Stillwater Trust LLC. The sole member of Reporting Person is the sole manager and president of Stillwater Trust LLC, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of these securities except to the extent of its pecuniary interest therein.
- These securities are held solely by Flat Creek Fiduciary Management LLC, as trustee of a trust for the benefit of the minor beneficiaries of the sole member of Reporting Person. The sole member of Reporting Person has investment control over such securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of these securities except to the extent of its pecuniary interest therein.
- These securities are owned solely by Rainbow Gate Corporation. The sole member of Reporting Person is the investment manager of Rainbow Gate Corporation, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of these securities except to the extent of its pecuniary interest therein.
- The Common Stock Purchase Warrant was issued by the Issuer to Stillwater Trust LLC as additional consideration for Stillwater Trust LLC entering into an unsecured debt financing arrangement with Issuer whereby Issuer may borrow up to $5 million on certain terms and conditions.
- The Common Stock Purchase Warrant was acquired as part of an underwritten offering in which Stillwater Trust LLC purchased 100,000 shares of Common Stock.
- 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 holder. 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 Common Stock Warrants have an exercise price of $2.60 per share, are currently exercisable and expire on February 14, 2022.
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