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
Pet DRx CORP [ VETS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/01/2010 | ||||||||||||||||||||||||||
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 | 07/01/2010 | S | 100 | D | $0.3352(1) | 0 | D | |||
Common Stock | 07/01/2010 | M | 27,033 | A | $0 | 27,033 | D | |||
Common Stock | 07/01/2010 | S | 27,033 | D | $0.3352(1) | 0 | D | |||
Common Stock | 07/01/2010 | M | 80,965 | A | $0 | 80,965 | D | |||
Common Stock | 07/01/2010 | S | 80,965 | D | $0.3352(1) | 0 | D |
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 | ||||||||
Stock Option (right to buy) | $0.1352(2) | 07/01/2010 | M | 199,900 | (4) | 03/18/2019 | Common Stock | 27,033 | $0 | 0 | D | ||||
Warrant (right to buy) | $0.1 | 07/01/2010 | M | 115,385 | 07/28/2009 | 01/21/2016 | Common Stock | 80,965 | $0(3) | 0 | D |
Explanation of Responses: |
1. The per share purchase price of the common stock of Pet DRx Corproation of $0.33523 (the "Per Share Purchase Price") was determined in connection with that certain Stock Purchase Agreement, dated as of June 2, 2010, by and among Snow Merger Acquisition, Inc., VCA Antech, Inc., Harry L. Zimmerman, an individual in his capacity as the sellers' representative, and those parties listed as a seller on the signature pages thereto. |
2. The stock option exercise price shown above equals the difference between (i) the Per Share Purchase Price and (ii) the per-share exercise price pursuant to the terms of the stock option, which is $0.20. |
3. Reporting Person elected to exercise the warrant in a cashless exercise pursuant to Section 18 of the warrant. Using the Per Share Purchase Price as the "market price" of the common stock underlying the warrant, Reporting Person paid no cash consideration and received 80,965 shares of common stock. |
4. 33.33% of the options vested immediately upon the date of grant, and 2.78% vest ratably each month thereafter. |
Remarks: |
/s/ Harry L. Zimmerman | 07/02/2010 | |
** 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. |