Filing Details
- Accession Number:
- 0001181431-11-036428
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-06-14 09:36:31
- Reporting Period:
- 2011-06-13
- Filing Date:
- 2011-06-14
- Accepted Time:
- 2011-06-14 09:36:31
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1094058 | Ediets Com Inc | DIET | Services-Personal Services (7200) | 560952883 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1295313 | Ii A Kevin Richardson | 200 State Street 13Th Floor Boston MA 02109 | Yes | No | Yes | No | |
| 1295315 | Prides Capital Partners, Llc | 200 State Street 13Th Floor Boston MA 02109 | Yes | 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 | 2011-06-13 | 29,000 | $1.25 | 1,047,375 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Subscription Rights (right to buy) | Disposition | 2011-05-13 | 885,454 | $0.00 | 1,000,000 | $0.41 |
| Common Stock | Subscription Rights (right to buy) | Disposition | 2011-05-13 | 1,616,000 | $0.00 | 242,400 | $0.41 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2011-04-21 | 2011-05-13 | No | 4 | X | Direct |
| 0 | 2011-04-21 | 2011-05-13 | No | 4 | X | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 4,841,875 | Direct | |
| Common Stock | 37,424,380 | Indirect | See Footnote |
| Common Stock | 1,018,375 | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | $0.57 | 2021-03-15 | 200,000 | 433,685 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $3.79 | 2012-04-02 | 44,626 | 107,126 | Indirect | |
| Common Stock | Warrant for the Purchase of Common Stock | $0.35 | 2011-02-07 | 2014-02-07 | 969,697 | 1,104,697 | Direct |
| Common Stock | Warrant for the Purchase of Common Stock | $1.20 | 2009-11-12 | 2019-11-12 | 454,568 | 1,209,652 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2021-03-15 | 200,000 | 433,685 | Direct |
| 2012-04-02 | 44,626 | 107,126 | Indirect |
| 2014-02-07 | 969,697 | 1,104,697 | Direct |
| 2019-11-12 | 454,568 | 1,209,652 | Indirect |
Footnotes
- Pursuant to Rights Offering Registration No. 333-173315.
- Owned directly by Kevin A. Richardson, II.
- The shares of Common Stock reported herein as indirectly beneficially owned by Prides Capital Partners, L.L.C are owned directly by Prides Capital Fund I, L.P. Because Prides Capital Partners, L.L.C. is the general partner of Prides Capital Fund I, L.P., Prides Capital Partners, L.L.C. may be deemed to be the beneficial owner of shares owned by such entity. Because Kevin A. Richardson, II is the controlling member of Prides Capital Partners, L.L.C., he may be deemed to be the beneficial owner of shares deemed to be beneficially owned by such entity. Each of Prides Capital Partners, L.L.C., Prides Capital Fund I, L.P, and Kevin A. Richardson, II disclaim beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
- Exercisable according to the following vesting schedule: 100,000 beginning on May 3, 2011; 50,000 beginning on July 1, 2011 and 50,000 beginning on October 1, 2011.
- The options reported herein as indirectly beneficially owned by Prides Capital Partners, L.L.C. are owned directly by Kevin A. Richardson II. Mr. Richardson is deemed to hold the options for the benefit of Prides Capital Fund I, L.P. and may exercise the options solely upon the direction of Prides Capital Fund I, L.P., which is entitled to the shares issued upon exercise. Because Prides Capital Partners, L.L.C. is the general partner of Prides Capital Fund I, L.P., Prides Capital Partners, L.L.C. may be deemed to be the beneficial owner of options owned by such entity. Each of Prides Capital Partners, L.L.C., Prides Capital Fund I, L.P, and Kevin A. Richardson, II disclaim beneficial ownership of these options, except to the extent of any pecuniary interest therein.
- The options or warrants reported herein as indirectly beneficially owned by Prides Capital Partners, L.L.C are owned directly by Prides Capital Fund I, L.P. Because Prides Capital Partners, L.L.C. is the general partner of Prides Capital Fund I, L.P., Prides Capital Partners, L.L.C. may be deemed to be the beneficial owner of options and warrants owned by such entity. Because Kevin A. Richardson, II is the controlling member of Prides Capital Partners, L.L.C., he may be deemed to be the beneficial owner of options or warrants deemed to be beneficially owned by such entity. Each of Prides Capital Partners, L.L.C., Prides Capital Fund I, L.P, and Kevin A. Richardson, II disclaim beneficial ownership of these options and warrants, except to the extent of any pecuniary interest therein.
- These options are immediately exercisable.
- Amount reflects 1-for-5 reverse stock split that was effective 06/01/2011
Billionaire Hedge Funds
