SEC Form 4 · accession 0001065860-15-000002
LIME ENERGY CO. · LIME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard P Kiphart
Director · 10% Owner
Period of report
Dec 22, 2014
Accepted (ET)
Jan 6, 2015 · 1:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001065860
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 22, 2014 | M | 1,591,569 | — | A | 4,090,689 | D | |
| Common StockF1 | Dec 22, 2014 | M | 798,205 | — | A | 4,090,689 | D | |
| Common StockF2 | Dec 22, 2014 | M | 160,125 | — | A | 4,090,689 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred StockF1 | $3.51 | Dec 22, 2014 | M | 558,641 | A | — | — | Common Stock | 1,591,569 | 0 | D |
| Series B Preferred StockF1 | $2.83 | Dec 22, 2014 | M | 225,892 | A | — | — | Common Stock | 798,205 | 0 | D |
| 2014 Subordinated Secured Convertible Pay-In-Kind NoteF2 | $4.91 | Dec 22, 2014 | M | — | A | — | — | Common Stock | 160,125 | 0 | D |
Explanation of responses
- F1Pursuant to the terms of the C0mpany's certificates of designation, the reporting person converted 558,641 shares of the Company's Series A Preferred Stock into 1,591,569 shares of the Company's Common Stock and 225,892 shares of the Company's Series B Preferred Stock into 798,205 shares of the Company's Common Stock.
- F2Pursuant to the terms of the 2014 Subordinated Secured Convertible Pay-In-Kind Note, the reporting person converted the amount of $786,215.75 due under the note into 160,125 shares of the Company's Common Stock.