SEC Form 4 · accession 0001029744-18-000061
SONIC FOUNDRY INC · SOFO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark D Burish
Director · 10% Owner
Period of report
May 17, 2018
Accepted (ET)
May 21, 2018 · 3:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001029744
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| 9% Cumulative Voting Convertible Preferred Stock, Series AF1,F2,F3 | May 17, 2018 | P | 1,902 | $542.13 | A | 3,939 | D | |
| Common Stock | holding | — | — | — | 371,886 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-employee Director Stock OptionF4 | $2.24 | May 17, 2018 | A | 2,000 | A | May 17, 2019 | May 17, 2028 | Common Stock | 2,000 | 18,000 | D |
Explanation of responses
- F1Subscription Agreement conversion to Series A Preferred Stock of the $1,000,000 note (10.75% Convertible Secured Subordinated Promissory Note) from amounts received on January 19, 2018 and February 15, 2018.
- F2Each share of 9% Cumulative Voting Convertible Preferred Stock, Series A, are convertible into that number of shares of common stock determined by dividing $4.23 into the liquidation amount of $1,000 per share
- F3Securities owned include dividends accumulated as of the date of this filing.
- F4N/A