| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IMPM | Common Stock | Sale | $316,812 | -925,000 | -26% | $0.3425 | 2,700,000 | 15 Nov 2022 | See footnote | F1 |
| holding | IMPM | Common Stock | 1,000,000 | 15 Nov 2022 | See footnote | F2 | |||||
| holding | IMPM | Common Stock | 120,000 | 15 Nov 2022 | Direct | ||||||
| holding | IMPM | Common Stock | 1,400,000 | 15 Nov 2022 | See footnote | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | IMPM | Convertible Promissory Note Due 2020 | 13,750,000 | 15 Nov 2022 | Common Stock | 639,535 | $21.50 | See Footnotes | F4, F6, F7 | |||||
| holding | IMPM | Non-Qualified Stock Option | 30,000 | 15 Nov 2022 | Common Stock | 30,000 | $3.75 | Direct | F5 | |||||
| holding | IMPM | Non-Qualified Stock Option | 30,000 | 15 Nov 2022 | Common Stock | 30,000 | $5.34 | Direct | F8 | |||||
| holding | IMPM | Warrant | 116,957 | 15 Nov 2022 | Common Stock | 116,957 | $2.97 | See Footnotes | F6, F7 |
| Id | Content |
|---|---|
| F1 | The shares of common stock were sold by RHP Trust, dated May 31, 2011 (the "Trust"), over which shares Reporting Person exercises sole voting and investment power. |
| F2 | The shares of common stock are held by Dito Devcar Limited Partnership, over which shares Reporting Person exercises sole voting and investment power. |
| F3 | The shares of common stock are held by Dito Caree Limited Partnership, over which shares Reporting Person exercises sole voting and investment power. |
| F4 | As previously reported on a Form 4 filed by Reporting Person on May 11, 2015, on May 8, 2015, the Trust purchased a Convertible Promissory Note Due 2020 in the original principal amount of $13,750,000 that is convertible by the Trust at any time after January 1, 2016, and, upon conversion of the original principal amount prior to maturity at the initial conversion price of $21.50 per share (subject to adjustment in the event of stock splits, stock dividends and reclassifications), the Trust will receive 639,535 shares of common stock (subject to adjustment in the event of stock splits, stock dividends and reclassifications). The Convertible Promissory Note Due 2020, as amended on April 15, 2020, is due and payable, to the extent not converted, on or before November 9, 2020. |
| F5 | The awards vest annually in equal one-third increments, with the first such increment vesting February 26, 2020. |
| F6 | As of November 15, 2022, Reporting Person may be deemed to beneficially own an aggregate of 6,036,491.95 shares of the common stock, consisting of (a) 180,000 shares owned directly (which amount includes 60,000 Non-Qualified Stock Options), and (b) an aggregate of 5,856,491.95 shares owned indirectly, consisting of (i) 2,700,000 shares owned directly by the Trust (over which shares Reporting Person exercises sole voting and investment power), (ii) 639,535 shares that the Trust may acquire at any time after January 1, 2016 upon conversion (at the initial conversion price of $21.50 per share) of the outstanding principal balance of a Convertible Promissory Note Due 2020 owned directly by the Trust, (iii) 116,956.95 shares that the Trust may acquire at any time after October 15, 2020 upon exercise (at an exercise price of $2.97 per share) of a Warrant to Purchase Common Stock owned directly by the Trust, |
| F7 | (Continued from Footnote 6) (iv) 1,000,000 shares owned directly by Dito Devcar Limited Partnership (over which shares Reporting Person exercises sole voting and investment power), and (v) 1,400,000 shares owned directly by Dito Caree Limited Partnership (over which shares Reporting Person exercises sole voting and investment power). |
| F8 | The awards vest annually in equal one-third increments, with the first such increment vesting February 12, 2021. |
This is a late filing with respect to the transaction reported in Table I dated November 15, 2022; pursuant to the General Instructions of Form 4, a Form 4 relating to such transaction should have been filed within two business days following the date of such transaction.