FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Telanetix,Inc [ TNXI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/25/2011 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction 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 | ||||||
Common stock, par value $0.0001 (the "Common Stock") | 04/25/2011 | A | 2,416,881 | A | (1) | 289,918,584 | I | See footnote(2) | ||
Common Stock | 04/25/2011 | A | 11,278,779 | A | (1) | 301,197,363 | I | See footnote(3) | ||
Common Stock | 04/25/2011 | A | 3,222,508 | A | (1) | 304,419,871 | I | See footnote(4) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 |
Explanation of Responses: |
1. On June 30, 2010, EREF-TELA, LLC, a Delaware limited liability company ("EREF"), HCP-TELA, LLC, a Delaware limited liability company ("HCP"), and CBG-TELA, LLC, a Delaware limited liability company ("CBG," and together with EREF and HCP, the "Purchasers"), entered into a securities purchase agreement (the "Purchase Agreement") with the Issuer. Pursuant to Section 1(e) of the Purchase Agreement, the Issuer agreed to issue additional shares of common stock to EREF, HCP and CBG in the event that the Issuer received a notice that it is obligated to pay certain specified contingent liabilities within two years of the closing. The Issuer has received such notice and has issued the shares reflected in this report under the terms of the Purchase Agreement. |
2. The shares are held by EREF. Martin M. Hale ,Jr. is the sole owner and Chief Executive Officer of Hale Fund Management, LLC, the manager of EREF. |
3. The shares are held by HCP. Hale Capital Partners, L.P., where Martin M. Hale, Jr. is the Chief Executive Officer, is the managing member of HCP. Martin M. Hale, Jr. is also the sole owner and managing member of Hale Fund Partners, LLC, the general partner of Hale Capital Partners, L.P. |
4. The shares are held by CBG. Martin M. Hale, Jr. is the sole owner and Chief Executive Officer of Hale Fund Management, LLC, the manager of CBG. |
/s/ Martin M. Hale, Jr. | 04/27/2011 | |
** 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 Number. |