4 1 sandera-fm4.txt APRIL 2002 FORM 4 - SANDERA PARTNERS, L.P. ----------------------------- OMB APPROVAL ----------------------------- OMB Number 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response ..... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [ ] CHECK THIS BOX IF NO LONGER SUBJECT OF SECTION 16. FORM 4 OR FORM 5 OBLIGATIONS MAY CONTINUE. SEE INSTRUCTION 1(B). ====================================================================== 1. Name and Address of Reporting Person Sandera Partners, L.P. ---------------------------------------------------------------------- (Last) (First) (Middle) 1601 Elm Street, Suite 4000 ---------------------------------------------------------------------- (Street) Dallas Texas 75201 ---------------------------------------------------------------------- (City) (State) (Zip) ====================================================================== 2. Issuer Name and Ticker or Trading Symbol Edge Technology Group, Inc. (EDGE.OB) ====================================================================== 3. IRS or Social Security Number of Reporting Person (Voluntary) ====================================================================== 4. Statement for Month/Year April/2002 ====================================================================== 5. If Amendment, Date of Original (Month/Year) ====================================================================== 6. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [ X ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) ------------------------------------------ ====================================================================== 7. 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 ================================================================================================================================= 6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Nature Transaction (Instr. 3, 4 and 5) Beneficially Direct of Indirect 2. Code ------------------------------- Owned at End (D) or Beneficial 1. Transaction (Instr. 8) (A) of Month Indirect Ownership Title of Security Date ------------ Amount or Price (Instr. 3 (I) (Instr. (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) 4) ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- =================================================================================================================================== Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) =================================================================================================================================== 9. 10. Number Owner- of ship 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ----------------- Deriv- Owned (D) or Bene- 1. of action Code of (D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------- ---------------- Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ----------------------------------------------------------------------------------------------------------------------------------- Convertible 04/01/ 12/28/ Common Note $1.50 2002 J(1) 946,667 2001 Stock 946,667 $0.00 ----------------------------------------------------------------------------------------------------------------------------------- Series A Convertible Preferred 04/01/ 04/01/ Common Stock $0.75 2002 P 2,000 2003 Stock 2,666,667 (2) 2,000 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock Purchase Warrants (right to 04/01/ 04/01/ Common purchase) $1.15 2002 J(3) 533,333 2004 (4) Stock 533,333 (3) 533,333 D ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ===================================================================================================================================
Explanation of Responses: (1) The Reporting Person elected to use the debt owing under the Convertible Note, consisting of oustanding principal of $1,420,000 plus accrued, unpaid interest of $110,124 as of April 1, 2002, as partial payment for the shares of the Issuer's Series A Convertible Preferred Stock purchased by the Reporting Person from the Issuer. Upon issuance of the shares of Series A Convertible Preferred Stock to the Reporting Person, the Convertible Note was canceled. (2) The shares of Series A Convertible Preferred Stock were purchased for $1,000 per share, or an aggregate purchase price of $2,000,000. (3) The Reporting Person received the warrants in connection with the closing of the Issuer's offering of its Series A Convertible Preferred Stock. No consideration was allocated to the warrants. (4) The warrants, if not exercised sooner, terminate on the earlier of (i) the fourth anniversary of the date of issuance, or (ii) the date of a "Deemed Liquidation." "Deemed Liquidation" is defined in the warrant agreement as (A) any liquidation, dissolution, winding up of the Issuer, (B) any sale, conveyance or disposition of all or substantially allof the Issuer's property or business, (C) any merger or consolidation of the Issuer with any other corporation (other than a wholly-owned subsidiary), or (D) any other transaction or series of related transactions in which more than fifty percent (50%) of the voting power of the Issuer will not immediately after such acquisition or transaction, be held by the Company's stockholders of record as constituted immediately prior to such acquisition or transaction, provided that a merger effected exclusively for the purpose of changing the domicile of the Issuer shall not constitute a Deemed Liquidation event. SANDERA PARTNERS, L.P. By: Sandera Capital Management, L.P., its general partner By: Sandera Capital, L.L.C., its general partner By: J. KEITH BENEDICT May 9, 2002 ------------------------------------ ------------- J. Keith Benedict, Vice President Date **Signature of Reporting Person ** 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 provided is insufficient, see Instruction 6 for procedures.