-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WsQiGvhlsjlcyIn8Eh8+6hQXONKSvPxLnocHTPY0xwCb/ZBjVlfcuI2YsxDspQW9 ryS/I+va0u74L+1S2TWrzg== 0000898432-08-000300.txt : 20080327 0000898432-08-000300.hdr.sgml : 20080327 20080327185639 ACCESSION NUMBER: 0000898432-08-000300 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070702 FILED AS OF DATE: 20080327 DATE AS OF CHANGE: 20080327 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: THERMOENERGY CORP CENTRAL INDEX KEY: 0000884504 STANDARD INDUSTRIAL CLASSIFICATION: HAZARDOUS WASTE MANAGEMENT [4955] IRS NUMBER: 710699511 STATE OF INCORPORATION: AK FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 323 CENTER STREET, SUITE 1300 CITY: LITTLE ROCK STATE: AK ZIP: 72201 BUSINESS PHONE: 5013766477 MAIL ADDRESS: STREET 1: 323 CENTER STREET STREET 2: SUITE 1300 CITY: LITTLE ROCK STATE: AK ZIP: 72201 FORMER COMPANY: FORMER CONFORMED NAME: INNOTEK CORPORATION DATE OF NAME CHANGE: 19930328 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KIMBERLIN KEVIN CENTRAL INDEX KEY: 0000904841 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 033-46104-FW FILM NUMBER: 08716375 BUSINESS ADDRESS: STREET 1: SPENCER TRASK SECURITIES INC STREET 2: 535 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2123555565 3 1 kimberlin_form-3ex.xml X0202 3 2007-07-02 0 0000884504 THERMOENERGY CORP TMEN.OB 0000904841 KIMBERLIN KEVIN C/O SPENCER TRASK VENTURES, INC. 535 MADISON AVENUE NEW YORK NY 10022 0 0 1 0 Common Stock 2410867 I See footnotes. Common Stock 25000 I See footnotes. Common Stock Purchase Warrant 0.50 2013-05-31 Common Stock 2417539 I See Footnotes. Convertible Promissory Note 0.50 2010-05-31 Common Stock 1949840.7 I See footnotes. Common Stock Purchase Warrant 0.50 2013-05-31 Common Stock 50000 I See Footnotes. Pursuant to the Agreement for the Purchase and Sale of Securities entered into on July 2, 2007 by and among CASTion Corporation, a Massachusetts corporation ("CASTion") and six investment funds, including Spencer Trask Specialty Group, LLC ("STSG") and Spencer Trask Private Equity Accredited Fund III, LLC ("Accredited Fund"), both of which are affiliates of the Reporting person, ThermoEnergy (the "Company") acquired shares of the preferred stock of CASTion representing, in the aggregate, 90.31% of the total issued and outstanding shares of CASTion's common stock on an as-converted basis and promissory notes in the aggregate principal amount of $2,000,000 and other debt obligations of CASTion. In consideration for the preferred stock and debt of CASTion, pursuant to the Agreement for the Purchase and Sale of Securities, on July 2, 2007, the Company paid the following consideration to STSG: (i) 2,410,867 shares of the Company's common stock, (ii) Warrants to purchase up to 2,417,539 shares of the Company's common stock at an exercise price of $0.50 per share and (iii) Convertible Promissory Notes of the Company in the principal amount of $1,949,840.70; and the following consideration to Accredited Fund: (i) 25,000 shares of the Company's common stock and (ii) Warrants to purchase up to 50,000 shares of the Company's common stock at an exercise price of $0.50 per share. The Reporting Person is the non-member manager and indirectly the principal owner of STSG, a Delaware limited liability company. The Reporting Person is approximately an 80% owner of the entity that is a 100% owner of the manager of Accredited Fund. The Reporting person disclaims beneficial ownership of the securities held by Accredited Fund except to the extent of his pecuniary interest therein. The Common Stock Purchase Warrants of the Company (the "Warrants") may be exercised at any time on or before May 31, 2013 for shares of the Company's common stock at an exercise price of $0.50 per share, subject to the Company's right to accelerate the expiration date if, at any time after July 2, 2009, the market price for the Company's common stock equals or exceeds 200% of the market price on July 2, 2007 ($1.39 per share) for a period of thirty consecutive trading days. Warrants for the purchase of up to 2,417,539 shares of the Company's common stock at an exercise price of $0.50 per share. The Convertible Promissory otes of the Company (the "Notes") are due May 31, 2010. The outstanding principal and accrued interest on the Notes are convertible, at any time at the election of the holders, into shares of the Company's common stock at the rate of $0.50 per share. The Notes in the principal amount of $1,949,840.70 are convertible into 3,899,681 shares of the Company's common stock. Warrants for the purchase of up to 50,000 shares of the Company's common stock at an exercise price of $0.50 per share. /s/ Kevin Kimberlin 2008-03-26 -----END PRIVACY-ENHANCED MESSAGE-----