Filing Details

Accession Number:
0001209191-16-133597
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-07-21 15:35:34
Reporting Period:
2016-07-20
Filing Date:
2016-07-21
Accepted Time:
2016-07-21 15:35:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1090908 Determine Inc. DTRM () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
949119 Iii I Lloyd Miller 3300 South Dixie Highway
Suite 1-365
West Palm Beach FL 33405
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-07-20 25,000 $1.74 192,605 No 4 P Indirect By Milfam I L.P.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Milfam I L.P.
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 701,340 Indirect By Trust A-4 - Lloyd I. Miller
Common Stock 1,133,277 Indirect By Milfam II L.P.
Common Stock 87,410 Indirect By Milgrat (D10)
Common Stock 247,180 Indirect By Trust C - Lloyd I. Miller
Common Stock 2,100 Indirect By Trust D - Lloyd I. Miller
Common Stock 30,780 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Junior Secured Convertible Promissory Note $3.75 2015-12-16 2020-12-16 160,000 160,000 Direct
Common Stock Junior Secured Convertible Promissory Note $3.75 2015-12-16 2020-12-16 160,000 160,000 Indirect
Common Stock Junior Secured Convertible Promissory Note $3.75 2015-12-16 2020-12-16 160,000 160,000 Indirect
Common Stock Warrant $6.00 79,787 79,787 Indirect
Common Stock Warrant $6.00 79,787 79,787 Indirect
Common Stock Warrant $6.00 79,787 79,787 Indirect
Common Stock Junior Secured Convertible Promissory Notes $5.70 2020-12-16 175,439 175,439 Indirect
Common Stock Junior Secured Convertible Promissory Notes $5.70 2020-12-16 175,439 175,439 Indirect
Common Stock Junior Secured Convertible Promissory Notes $5.70 2020-12-16 175,439 175,439 Direct
Common Stock Warrant $7.00 2014-08-27 2019-08-27 49,401 49,401 Indirect
Common Stock Warrant $7.00 2014-08-27 2019-08-27 13,722 13,722 Indirect
Common Stock Warrant $7.00 2014-08-27 2019-08-27 74,102 74,102 Indirect
Common Stock Warrant $7.00 2014-07-24 2019-07-24 57,558 57,558 Indirect
Common Stock Warrant $7.00 2014-07-24 2019-07-24 15,988 15,988 Indirect
Common Stock Warrant $7.00 2014-07-24 2019-07-24 86,338 86,338 Indirect
Common Stock Series A Warrant $7.75 2013-12-01 2018-05-31 40,894 40,894 Indirect
Common Stock Series A Warrant $7.75 2013-12-01 2018-05-31 11,359 11,359 Indirect
Common Stock Series A Warrant $7.75 2013-12-01 2018-05-31 61,342 61,342 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2020-12-16 160,000 160,000 Direct
2020-12-16 160,000 160,000 Indirect
2020-12-16 160,000 160,000 Indirect
79,787 79,787 Indirect
79,787 79,787 Indirect
79,787 79,787 Indirect
2020-12-16 175,439 175,439 Indirect
2020-12-16 175,439 175,439 Indirect
2020-12-16 175,439 175,439 Direct
2019-08-27 49,401 49,401 Indirect
2019-08-27 13,722 13,722 Indirect
2019-08-27 74,102 74,102 Indirect
2019-07-24 57,558 57,558 Indirect
2019-07-24 15,988 15,988 Indirect
2019-07-24 86,338 86,338 Indirect
2018-05-31 40,894 40,894 Indirect
2018-05-31 11,359 11,359 Indirect
2018-05-31 61,342 61,342 Indirect
Footnotes
  1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. This filing shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this filing.
  2. Such Warrant will be exercisable six months following the date of issuance, February 6, 2015.
  3. Such Warrant will expire on the fifth anniversary of the exercisability date.
  4. As previously reported, the issuer entered into a binding term sheet with the reporting person pursuant to which the issuer agreed to issue and the reporting person agreed to purchase, junior secured convertible promissory notes in the aggregate principal amount of $3 million subject to negotiation and execution of definitive documentation. On March 11, 2015, the notes were executed and on May 5, 2015, the shareholders approved the conversion of the notes at the stockholders meeting.
  5. The issuer and the reporting person agreed to amend the maturity date from March 11, 2020 to December 16, 2020.
  6. Subject to adjustment for fractional shares.