SEC Form 4 · accession 0001209191-15-057299
Real Goods Solar, Inc. · RGSE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Jun 25, 2015
Accepted (ET)
Jun 29, 2015 · 8:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001425565
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Jun 25, 2015 | P | 915,000 | $3.29 | A | 1,306,533 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares of Class A Common Stock ("Common Stock") of Real Goods Solar, Inc. (the "Issuer") were issued upon the conversion of the indebtedness outstanding under certain notes held by Riverside Fund III, L.P. (the "Fund"), an affiliate of Riverside Renewable Energy Investments, LLC (the "Company"), pursuant to a Conversion Agreement, by and between the Fund and the Issuer (the "Conversion Agreement"). Such conversion was affected using a conversion ratio equal to $3.29, the closing price of one share of Common Stock on June 23, 2015, the date before entering into the Conversion Agreement. On June 25, 2015, prior to the consummation of the conversion, the Fund assigned to the Company its rights, title and interest to the Conversion Agreement, including, without limitation, the Common Stock issued pursuant to the Conversion Agreement.
- F2The number of shares reported on this Form 4 has been adjusted to reflect the Issuer's consummation on May 17, 2015 of a reverse stock split of all outstanding shares of Common Stock at a ratio of one-for-twenty whereby twenty shares of Common Stock were combined into one share of Common Stock. As a result, the 7,830,647 shares reported on the Form 3 dated January 12, 2012 were converted to 391,533 shares following the reverse stock split.