0001104659-01-502188.txt : 20011009 0001104659-01-502188.hdr.sgml : 20011009 ACCESSION NUMBER: 0001104659-01-502188 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010917 ITEM INFORMATION: Other events FILED AS OF DATE: 20010921 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HYPERFEED TECHNOLOGIES INC CENTRAL INDEX KEY: 0000745774 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] IRS NUMBER: 363131704 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11108 FILM NUMBER: 1742047 BUSINESS ADDRESS: STREET 1: 300 S WACKER DR STREET 2: STE 300 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129132848 MAIL ADDRESS: STREET 1: 300 SOUTH WACKER DR STREET 2: SUITE 300 CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: PC QUOTE INC DATE OF NAME CHANGE: 19920703 8-K 1 j1717_8k.htm 8-K Prepared by MerrillDirect

As filed with the Securities and Exchange Commission on September 21, 2001

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
September 17, 2001

HYPERFEED TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

Delaware 001-11108 36-3131704
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S Employer Identification No.)

300 South Wacker Drive, Suite 300
Chicago, Illinois  60606
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:
(312)  913-2800

 

Item 5.  Other Events

On September 17, 2001, PICO Holdings, Inc. (“PICO”) converted 19,075 shares of Series A Convertible Preferred stock of HyperFeed Technologies, Inc. (“HyperFeed”) into 3,290,717 shares of Common stock of HyperFeed.  The Series A Preferred shares converted represent all of the outstanding Series A Preferred shares of HyperFeed.  PICO and its affiliates, Citation Insurance Company (“Citation”) and Sequoia Insurance Company (“Sequoia”), converted a total of 28,791 shares of Series B Convertible Preferred stock of HyperFeed into 4,172,139 shares of Common stock of HyperFeed.  Of the total Series B converted, PICO converted 20,763 shares into 3,008,791 shares of Common stock, Citation converted 4,014 shares into 581,674 shares of Common stock, and Sequoia converted 4,014 shares into 581,674 shares of Common stock.  The Series B Preferred shares converted represent all of the outstanding Series B Preferred shares of HyperFeed.  The conversion price of both Series A and Series B was $1.03, based on HyperFeed’s closing price on Monday, September 10, 2001.  As a result of the conversion, the total outstanding Common stock of HyperFeed is 23,756,185 shares and there are no Preferred shares outstanding.

List of Exhibits

Press Release, dated September 20, 2001

SIGNATURES

             Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  HYPERFEED TECHNOLOGIES, INC.
   
   
Date:  September 21, 2001 By:  /s/ JOHN E. JUSKA
 
   
  John E. Juska,
Chief Financial Officer

 

 EX-1 3 j1717_ex1.htm EX-1 Prepared by MerrillDirect

EXHIBIT 1

 

HYPERFEED TECHNOLOGIES PREFERRED STOCK CONVERTED INTO COMMON SHARES

CHICAGO—September 20, 2001— HyperFeed Technologies, Inc. (Nasdaq: HYPR) today announced that PICO Holdings, Inc. (Nasdaq: PICO) and its subsidiaries, Citation Insurance Company and Sequoia Insurance Company, have converted their Series A and Series B preferred stock to HyperFeed common stock.

Under the terms on which the Series A and Series B preferred stock was issued on December 18, 1998, PICO converted 19,075 shares of Series A preferred stock into 3,290,717 shares of HyperFeed common stock. PICO and its affiliates converted 28,791 shares of Series B preferred stock into 4,172,139 shares of HyperFeed common stock. The conversion price was $1.03, being the last reported sale price for HyperFeed common shares at the close of regular trading on Monday, September 10, 2001.  As a result of the conversion, the total outstanding common stock of HyperFeed is 23,756,185 shares and there are no preferred shares outstanding.

“PICO has been a valued Hyperfeed shareholder for a long time,” said Jim R. Porter, chairman and CEO of HyperFeed Technologies, Inc. “PICO continues to share with us their belief in our company’s ability and the technology platform that we have built.”

About HyperFeed Technologies, Inc.
Everything HyperFeed Technologies does revolves around fast, reliable and complete financial market data.

Beginning with its flagship datafeed, HyperFeed(R), the Company applies advanced technologies to the processing, delivery, distribution and display of financial market data. HyperFeed takes a systems integration approach and offers customized solutions based upon the unique needs of its clients. HyperFeed has its own suite of display applications for enterprises and consumers, in addition to being compatible with a wide range of third-party software applications and development platforms. HyperFeed’s front-end and back-end e-business solutions facilitate the offering of bundled real-time market data and display applications over the Internet by financial institutions, Internet portals and Web sites.