HealthCor Associates, LLC - Sep 30, 2021 Form 4 Insider Report for CareView Communications Inc (CRVW.OB)

Role
Director, 10%+ Owner
Signature
HealthCor Management, L.P., By: HealthCor Associates, LLC, its general partner, By: /s/ John Doherty, General Counsel
Stock symbol
CRVW.OB
Transactions as of
Sep 30, 2021
Transactions value $
$300,592
Form type
4
Date filed
10/4/2021, 04:02 PM
Next filing
Jan 4, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CRVW.OB Senior Secured Convertible Note due 2024 (PIK Interest) Award $137K $5.63M Sep 30, 2021 Common Stock 343K $0.40 By HCP Fund F1, F2, F3
transaction CRVW.OB Senior Secured Convertible Note due 2024 (PIK Interest) Award $158K $6.46M Sep 30, 2021 Common Stock 394K $0.40 By Hybrid Fund F1, F2, F4
transaction CRVW.OB Senior Secured Convertible Note due 2029 (PIK Interest) Award $2.03K $67K Sep 30, 2021 Common Stock 67.7K $0.03 By Jeffrey Lightcap F1, F2
transaction CRVW.OB Senior Secured Convertible Note due 2030 (PIK Interest) Award $3.71K $123K Sep 30, 2021 Common Stock 371K $0.01 By Jeffrey Lightcap F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 30, 2021, the 2014 Notes held by HCP Fund and Hybrid Fund and the 2019 Note and 2020 Note each held by Mr. Lightcap accrued interest which is payable in kind ("PIK Interest") in the form of additional principal. Excludes PIK interest on notes issued to certain reporting persons and other investors on February 17, 2015, February 23, 2018, and July 13, 2018, reporting of which is exempt pursuant to Rule 16a-9.
F2 Immediately exercisable.
F3 HealthCor Partners Fund, L.P. ("HCP Fund") is a private investment partnership which is the direct beneficial owner of the securities reported herein. HealthCor Partners L.P. serves as its general partner and HealthCor Partners GP, LLC ("HCPGP") serves as the general partner of HealthCor Partners L.P. HealthCor Partners Management, L.P. serves as the investment manager to HCP Fund and HealthCor Partners Management GP, LLC ("HCPMGP") serves as the general partner to HealthCor Partners Management, L.P. Jeffrey C. Lightcap, Arthur Cohen and Joseph Healey are managing members of HCPMGP and HCPGP. Each person disclaims beneficial ownership of any securities that exceed their pecuniary interest in the securities held by these entities. Mr. Lightcap was appointed a director of the issuer in connection with the initial investment.
F4 HealthCor Hybrid Offshore Master Fund, L.P. ("Hybrid Fund") is a private investment partnership which is the direct beneficial owner of the securities reported herein. HealthCor Hybrid Offshore GP, LLC ("Offshore GP") serves as its general partner and HealthCor Group, LLC ("Group") serves as the general partner of Offshore GP. HealthCor Management, L.P. serves as the investment manager to Hybrid Fund and HealthCor Associates, LLC ("Associates") serves as the general partner to HealthCor Management, L.P. Arthur Cohen and Joseph Healey are managing members of Associates and Group. Each reporting person disclaims beneficial ownership of any securities that exceed their pecuniary interest in the securities held by these entities.

Remarks:

HealthCor Management, L.P. is the designated filer on behalf of the reporting persons listed on Exhibit 99.1, attached hereto. Due to the number of reporting persons, this is one of two Form 4s filed relating to the same securities.