Filing Details

Accession Number:
0001181431-13-034724
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-06-13 15:55:41
Reporting Period:
2013-06-11
Filing Date:
2013-06-13
Accepted Time:
2013-06-13 15:55:41
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1351285 Rosetta Stone Inc RST Services-Prepackaged Software (7372) 043837082
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1207712 A Phillip Clough 400 East Pratt Street
Suite 910
Baltimore MD 21202-3116
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 Disposition 2013-06-11 2,110,324 $15.12 2,989,294 No 4 S Indirect By Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Trust
Footnotes
  1. 2,110,324 shares were sold in a firm commitment underwritten public offering by ABS Capital Partners IV Trust pursuant to an underwriting agreement dated as of June 6, 2013 by and among Rosetta Stone Inc., the several underwriters identified therein and the selling stockholders identified therein.
  2. Shares are held by ABS Capital Partners IV Trust (the "Trust"), a liquidating trust whose trustee is ABS Capital Partners, Inc (the "Trustee"). All voting and dispositive power over these shares is held by the Trustee. Phillip A. Clough and Laura L. Witt are managing directors of the Trustee and both serve on the issuer's board of directors. Mr. Clough and Ms. Witt disclaim beneficial ownership of the shares except to the extent of any pecuniary interest therein.
  3. On September 24, 2010, all remaining portfolio investments of ABS Capital Partners IV, L.P., ABS Capital Partners IV-A, L.P., ABS Capital Partners IV-Offshore, L.P., ABS Capital Partners IV-Special Offshore, L.P. and ABS Partners IV, L.L.C. (collectively, the "Funds") were transferred to the Trust in connection with the dissolution and liquidation of the Funds.