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
COMPREHENSIVE CARE CORP [ CHCR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/24/2009 | ||||||||||||||||||||||||||
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 | 06/24/2009 | M | 122,829 | A | (1) | 122,829 | 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 | ||||||||
Series B-1 Convertible Preferred Stock | (2) | 06/25/2009 | M | 28.3898 | (2) | (2) | Common | 77,171 | (2) | 0 | D | ||||
Series B-2 Convertible Preferred Stock | (1) | 06/24/2009 | M | 45.1695 | (1) | (1) | Common | 122,829 | (1) | 0 | D | ||||
Series C Convertible Preferred Stock | (2) | 06/25/2009 | M | 244 | (2) | (2) | Common | 77,171 | (2) | 244 | D |
Explanation of Responses: |
1. On June 24, 2009, pursuant to automatic conversion provisions contained in the Issuer's Certificate of Designation of Series B-2 Convertible Preferred Stock, all of the Reporting Person's holdings of Series B-2 Convertible Preferred Stock were converted into 122,829 shares of the Issuer's common stock, which number had been fixed by prior agreement. |
2. On June 25, 2009, pursuant to automatic conversion provisions contained in the Issuer's Certificate of Designation of Series B-1 Convertible Preferred Stock, all of the Reporting Person's holdings of the Issuer's Series B-1 Convertible Preferred Stock were converted into 244 shares of the Issuer's Series C Convertible Preferred Stock, which number had been fixed by prior agreement. The Series C Preferred Stock in turn may convert into 77,171 shares of the Issuer's Common Stock. This conversion feature has no expiration date. |
Remarks: |
/s/ Scott Bates as attorney-in-fact for Arthur K. Yeap | 06/26/2009 | |
** 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. |