Key facts
- This page summarizes GINOLA LTD's Form 4 filing for EMAGIN CORP.
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 20 Oct 2023, 16:43.
GINOLA LTD - 18 Oct 2023 Form 4 Insider Report for EMAGIN CORP
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 18 Oct 2023
- Net transaction value
- -$2,368,074
- SEC form
- 4
- Accepted by SEC
- 20 Oct 2023, 16:43:44 UTC
- Prior SEC filing
- 30 Dec 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ James O'Grady, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
GINOLA LTD filed Form 4 for EMAGIN CORP on 20 Oct 2023.
Change
- Previous filing in this sequence was filed on 30 Dec 2022.
- Current net transaction value: -$2,368,074.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
EMAN
transaction
Common Stock
Disposition pursuant to a tender of shares in a change of control transaction
- Transaction value
- $2,085,506
- Shares
- -1,002,647
- Change %
- -100%
- Price
- $2.08
- Shares after
- 0
- Date
- 18 Oct 2023
- Ownership
- Direct
- Footnotes
- F1
EMAN
transaction
Common Stock
Disposition pursuant to a tender of shares in a change of control transaction
- Transaction value
- $163,234
- Shares
- -78,478
- Change %
- -100%
- Price
- $2.08
- Shares after
- 0
- Date
- 18 Oct 2023
- Ownership
- By Mount Union Corp.
- Footnotes
- F1, F3
EMAN
transaction
Common Stock
Disposition pursuant to a tender of shares in a change of control transaction
- Transaction value
- $119,334
- Shares
- -57,372
- Change %
- -100%
- Price
- $2.08
- Shares after
- 0
- Date
- 18 Oct 2023
- Ownership
- By Chelsea Trust Company, as Trustee
- Footnotes
- F1, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
EMAN
transaction
Derivative
Series B Convertible Preferred Stock
Disposition pursuant to a tender of shares in a change of control transaction
- Transaction value
- Shares
- -500
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 18 Oct 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,654,533
- Exercise price
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
GINOLA LTD is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
On October 18, 2023 (the "Effective Time"), pursuant to the Agreement and Plan of Merger, dated as of May 17, 2023 (the "Merger Agreement") among eMagin Corporation, a Delaware corporation (the "Company"), Samsung Display Co., Ltd., a Korean corporation ("Samsung Display"), and certain subsidiaries thereof, Samsung Display acquired the Company. Pursuant to the Merger Agreement, at the Effective Time, each share of the Company's Common Stock was converted into the right to receive $2.08 per share in cash.
Footnote F2
Pursuant to the Merger Agreement, at the Effective Time, each share of the Company's Series B Convertible Redeemable Preferred Stock was converted into the right to receive cash in an amount equal to (x) the total number of shares of the Company's Common Stock issuable upon conversion thereof immediately prior to the Effective Time, multiplied by (y) $2.08 per share. At the Effective Time, the Series B Preferred Stock had a stated value of $1,000 per share and a conversion price of $ 0.3022 per share.
Footnote F3
These securities are held solely by Mount Union Corp. The Reporting Person disclaims beneficial ownership of these securities, and this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities.
Footnote F4
These securities are held solely by Chelsea Trust Company Limited, as Trustee. The Reporting Person disclaims beneficial ownership of these securities, and this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities.