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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Worldspace (MM) | NASDAQ:WRSP | 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% | 0.0998 | 0 | 01:00:00 |
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
|
OMB APPROVAL
OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5 |
|
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 |
|
1. Name and Address of Reporting Person
*
SAMARA NOAH A |
2. Issuer Name
and
Ticker or Trading Symbol
WorldSpace, Inc [ WRSP ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__ X __ Director __ X __ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) Chairman, CEO & President |
C/O WORLDSPACE, INC., 8515 GEORGIA, AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
|
|
SILVER SPRING, MD 20910 |
4. 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 Acquired, Disposed of, or Beneficially Owned |
||||||||||
1.Title of Security
(Instr. 3) |
2. Trans. Date | 2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price |
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) |
|||||||||||||||
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Subordinated Convertible Note (1) | $2.05 | 7/25/2008 | P | 9756098 | 1/15/2009 (3) | 7/25/2013 | Class A Common Stock | 9756098 (2) | $20000000.00 (1) | 9756098 (2) | I | By corporation (4) | |||
Warrant (1) | $2.00 | 7/24/2008 | P | 4800000 | 1/15/2009 (6) | 7/24/2013 | Class A Common Stock | 4800000 (5) | $0 | 4800000 (5) | I | By corporation (4) |
Explanation of Responses: | |
( 1) | On July 24, 2008, WorldSpace, Inc. entered into a financing agreement with Yenura Pte. Ltd. Under the terms of the financing agreement, WorldSpace, Inc. may draw down up to $20 million in exchange for (i) subordinated convertible notes with principal amounts equal to the amount drawn down under the financing agreement and (ii) 4.8 million warrants to purchase Class A Common Stock of WorldSpace. On July 24, 2008, WorldSpace issued to Yenura Pte. Ltd. 4,800,000 warrants to purchase Class A Common Stock (the "Warrants"). On July 25, 2008, WorldSpace made a $20 million draw down of the financing agreement, and a subordinated convertible note (the "Note") in the principal amount of $20 million was issued in respect of such draw down. |
( 2) | Reflects the number of shares which could be acquired by Yenura Pte. Ltd. upon the full conversion of the Note. |
( 3) | The Note becomes convertible at the earliest of (i) January 15, 2009, (ii) an Event of Default (as defined in the Note) and (ii) the first public announcement of a proposed Change of Control (as defined in the Note). |
( 4) | Yenura Ptd. Ltd. is a corporation controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities (except to the extent of his pecuniary interest therein) for purposes of Section 16 or for any other purpose. |
( 5) | Reflects the number of shares which could be acquired by Yenura Pte. Ltd. upon the exercise of all of the Warrants. |
( 6) | The Warrants become exercisable at the earliest of (i) January 15, 2009, (ii) an Event of Default (as defined in the Warrant) and (ii) the first public announcement of a proposed Change of Control (as defined in the Warrant). |
Reporting Owners
|
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Reporting Owner Name / Address |
|
||||
Director | 10% Owner | Officer | Other | ||
SAMARA NOAH A
C/O WORLDSPACE, INC., 8515 GEORGIA AVENUE SILVER SPRING, MD 20910 |
X | X | Chairman, CEO & President |
|
Signatures
|
||
/s/ Noah A. Samara by Tedros A. Lemma, Attorney in fact | 7/28/2008 | |
** 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 4(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 Worldspace (MM) Chart |
1 Month Worldspace (MM) Chart |
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