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SATC Satcon Technology Corp. (MM)

0.4275
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Satcon Technology Corp. (MM) NASDAQ:SATC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.4275 0 01:00:00

Satcon Technology Corp - Initial Statement of Beneficial Ownership (3)

19/11/2007 9:49pm

Edgar (US Regulatory)


FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DEUTCH PHILIP J

2. Date of Event Requiring Statement (MM/DD/YYYY)
11/8/2007 

3. Issuer Name and Ticker or Trading Symbol

SATCON TECHNOLOGY CORP [SATC]

(Last)        (First)        (Middle)

1700 K STREET NW,, SUITE 750

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                            _____ 10% Owner
_____ Officer (give title below)          _____ Other (specify below)

(Street)

WASHINGTON, DC 20006       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series C Convertible Preferred Stock     (1)   (2) Common Stock   4807692   (3)   (3) I   See Footnote   (4)

Explanation of Responses:
( 1)  Shares of the Series C Convertible Preferred Stock are convertible into Common Stock without payment of further consideration after the Issuer holds a special meeting of its stockholders on December 20, 2007 to approve certain matters related to the transaction in which the shares were acquired.
( 2)  Not applicable.
( 3)  The Series C Convertible Preferred Stock is convertible into Common Stock at a ratio of 961.5 shares of Common Stock for each share of Series C Convertible Preferred Stock in accordance with note (1) above. After the special meeting of the Issuer's stockholders referenced in note (1) above, this ratio is subject to anti-dilution adjustments as set forth in the Issuer's Certificate of Designation of the Relative Rights and Preferences of the Series C Convertible Preferred Stock (incorporated in this Form 3 by reference to Exhibit 10.6 of the Current Report on Form 8-K filed by the Issuer on November 14, 2007).
( 4)  Includes 4,807,692 shares of Common Stock underlying the Series C Convertible Preferred Stock held by NGP Energy Technology Partners, L.P. NGP ETP, L.L.C. is the general partner of NGP Energy Technology Partners, L.P. Energy Technology Partners, L.L.C. is the sole manager of NGP ETP, L.L.C. Philip J. Deutch is a member of the investment committee of NGP ETC, L.L.C. and is the sole member and manager of Energy Technology Partners, L.L.C. By virtue of these relationships, Mr. Deutch may be deemed to beneficially own the shares held by NGP Energy Technology Partners, L.P. Mr. Deutch disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DEUTCH PHILIP J
1700 K STREET NW,
SUITE 750
WASHINGTON, DC 20006
X



Signatures
/s/ Philip J. Deutch 11/19/2007
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

1 Year Satcon Technology Corp. (MM) Chart

1 Year Satcon Technology Corp. (MM) Chart

1 Month Satcon Technology Corp. (MM) Chart

1 Month Satcon Technology Corp. (MM) Chart