- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2010-09-21 11:38:05
- Reporting Period:
- Filing Date:
- Accepted Time:
- 2010-09-21 11:38:05
- SEC Url:
- Form 4 Filing
|Cik||Name||Symbol||Sector (SIC)||IRS No|
|894010||Danka Business Systems Plc||DANKY||Wholesale-Professional & Commercial Equipment & Supplies (5040)||980052869|
|Cik||Name||Reported Address||Insider Title||Director||Officer||Large Shareholder||Other|
|1357643||M Andrew Weiss||29 Commonwealth Ave. |
Boston MA 02116
Reported Non-Derivative Transactions
|Sec. Name||Acquisiton - Disposition||Date||Amount||Price||Remaning Holdings||Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|Sponsored Ads (Each Representing 4 Ordinary||Disposition||2010-09-20||4,000,000||$0.01||4,923,028||No||4||S||Indirect||See footnote I|
|Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|No||4||S||Indirect||See footnote I|
Reported Derivative Transactions
|Sec. Name||Sec. Type||Acquisiton - Disposition||Date||Amount||Price||Amount - 2||Price - 2|
|Sponsored Ads (Each Representing 4 Ordinary Shares)||Commonly referred to as Total Return Swaps ("TRS")||Disposition||2010-09-20||50,000||$0.01||50,000||$0.00|
|Remaning Holdings||Exercise Date||Expiration Date||Equity Swap Involved||Transaction Form Type||Transaction Code||Nature of Ownership|
- Shares and Swaps reported herein are beneficially owned by (i) a private investment partnership of which Mr. Weiss is the Managing Member of the General Partner and (ii) a private investment corporation of which Mr. Weiss is the Managing Member of the Investment Manager (collectively, the "Weiss Entities"). Mr. Weiss disclaims beneficial ownership of the Shares and Swaps reported herein except to the extent of his pecuniary interest therein.
- There is no set Conversion or Exercise Price of the Derivative Securities, which are structured as Swaps.
- The Weiss Entities have entered into certain cash-settled total return swap agreements (each a "Swap") with certain counterparties. Each Swap has an indeterminate termination date and refers to a notional number of shares of Common Stock ("reference shares") of the Issuer as set forth in Table II and the applicable footnotes thereto. Under each Swap, at termination, the counterparty is obligated to pay to the Weiss Entities, and the Weiss Entities are obligated to pay the respective counterparty, in cash, amounts that are determined in part by reference to any increase or decrease between an initial reference price per share and the market value of such reference shares on the applicable termination date.
- None of the Swaps provides for the Weiss Entities or the Reporting Person to have direct or indirect voting, investment or dispositive control over any reference shares and, accordingly, except to the extent of his pecuniary interest therein, the Reporting Person disclaims any beneficial ownership in any reference shares or other securities, if any, which may be owned by the counterparties to such Swaps.