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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Director Options | $ 1.63 | 10/27/2010 | D | 5,000 | (2) | 05/28/2019 | Common Stock | 5,000 | (2) | 0 | D | ||||
Director Options | $ 2.28 | 10/27/2010 | D | 3,581 | (3) | 08/08/2017 | Common Stock | 3,581 | (3) | 0 | D | ||||
Director Options | $ 2.28 | 10/27/2010 | D | 3,881 | (4) | 06/05/2018 | Common Stock | 3,881 | (4) | 0 | D | ||||
Director Options | $ 2.28 | 10/27/2010 | D | 2,912 | (5) | 06/28/2016 | Common Stock | 2,912 | (5) | 0 | D | ||||
Director Options | $ 2.28 | 10/27/2010 | D | 9,750 | (6) | 08/10/2015 | Common Stock | 9,750 | (6) | 0 | D | ||||
Series C 9% Convertible Preferred Stock | $ 1.95 | 10/27/2010 | D | 2,338,461 | (7) | (8) | Common Stock | 2,338,461 | (7) | 0 | I | Owned by the Dennis R. Sciotto Family Trust |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Sciotto Dennis 7315 EL FUERTE STREET CARLSBAD, CA 92009 |
X |
Dennis R. Sciotto | 11/05/2010 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Disposed of pursuant to the Agreement and Plan of Merger, dated as of June 3, 2010 by and among Wellspring OMNI Holdings Corporation ("Parent"), Wellspring OMNI Acquisition Corporation and OMNI Energy Services Corp. (the "Merger") in exchange for $2.75 per share. |
(2) | In accordance with the terms of the Merger, this option was cancelled in exchange for a cash payment of $5,600.00. |
(3) | In accordance with the terms of the Merger, this option was cancelled in exchange for a cash payment of $1,683.07. |
(4) | In accordance with the terms of the Merger, this option was cancelled in exchange for a cash payment of $1,824.07. |
(5) | In accordance with the terms of the Merger, this option was cancelled in exchange for a cash payment of $1,368.64. |
(6) | In accordance with the terms of the Merger, this option was cancelled in exchange for a cash payment of $4,582.50. |
(7) | Represents 4,560 shares of Series C 9% Convertible Preferred Stock which were exchanged for equity of Parent and its subsidiaries. |
(8) | Not Applicable |