SEC Form 4 · accession 0001181431-15-006234
AutoWeb, Inc. · AUTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian Bentley
10% Owner
Period of report
Apr 27, 2015
Accepted (ET)
Apr 29, 2015 · 9:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001023364
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (Right to Purchase)F1,F2 | $4.65 | Apr 27, 2015 | S | 400,000 | D | Sep 16, 2013 | Sep 16, 2019 | Common Stock | 400,000 | 0 | I |
| Convertible Subordinated Promissory NoteF3,F2 | $4.65 | Apr 27, 2015 | S | 1 | D | Sep 30, 2013 | Sep 30, 2015 | Common Stock | 1,075,268 | 0 | I |
Explanation of responses
- F1On April 27, 2015, the two corporate entities in which Reporting Person is an officer, director and indirect 50% shareholder (through a revocable trust) sold warrants to acquire an aggregate of 400,000 shares of common stock, in a private transaction with an unrelated third party, at a sale price of $5.35 per warrant.
- F2Derivative securities were held jointly by two corporate entities in which Reporting Person is an officer, director and indirect 50% shareholder (through a revocable trust). Reporting Person disclaimed beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F3On April 27, 2015, the two corporate entities in which Reporting Person is an officer, director and indirect 50% shareholder (through a revocable trust) sold the convertible subordinated promissory note, which is convertible into an aggregate of 1,075,268 shares of common stock, in a private transaction with an unrelated third party, for an aggregate sale price of $10,775,180 for the entire note.