Filing Details

Accession Number:
0001206774-12-004238
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-10-19 13:53:04
Reporting Period:
2012-10-17
Filing Date:
2012-10-19
Accepted Time:
2012-10-19 13:53:04
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1166220 Lyris Inc. LYRI.OB Services-Prepackaged Software (7372) 010579490
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1211531 Iii T William Comfort 127-131 Sloane St.
4Th Floor Liscartan House
London X0 SW1X9AS
Yes 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 2012-10-17 96,459 $2.05 1,171,206 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Series A Convertible Preferred Stock Acquisiton 2012-10-17 2,000,000 $2.50 2,000,000 $2.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
2,000,000 2012-10-17 No 4 P Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,497,435 Indirect See Footnote
Common Stock 2,830,208 Indirect See Footnote
Footnotes
  1. Shares issued in satisfaction of $197,741 in interest that the Company owed to Mr. Comfort under that certain Reimbursement and Security Agreement dated as of August 31, 2011 by and between the Company and Mr. Comfort as amended from time to time with respect to Mr. Comfort's guarantee of a loan to the Issuer.
  2. Shares are held by 65 BR Trust, for which Mr. Comfort is the investment adviser and has voting and dispositive power over the shares. Mr. Comfort disclaims beneficial ownership of any of the shares of common stock held by 65 BR Trust.
  3. Mr. Comfort is the general partner of, and has shared voting and dispositive power over, these shares held by LDN Stuyvie Partnership.
  4. The Series A Convertible Preferred Stock has no expiration date.
  5. Preferred shares are held by Lyr, Ltd., a Bermuda corporation of which Mr. Comfort is the Chairman and has voting and dispositive power over the shares. Mr. Comfort disclaims beneficial ownership of any of the shares of the Issuer's Preferred Stock held by Lyr, Ltd.