Filing Details

Accession Number:
0001179110-13-017024
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-11-25 17:16:08
Reporting Period:
2013-11-21
Filing Date:
2013-11-25
Accepted Time:
2013-11-25 17:16:08
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
Yes No No 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 2013-11-21 1,000,000 $11.45 1,989,294 No 4 S Indirect By Trust
Common Stock Disposition 2013-11-22 500,000 $11.45 1,489,294 No 4 S Indirect By Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Trust
No 4 S Indirect By Trust
Footnotes
  1. Shares were sold by ABS Capital Partners IV Trust at a gross price of $11.50 per share, with a net price after brokerage fees of $11.45 per share.
  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 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.
  4. These 500,000 shares were sold pursuant to the Stock Repurchase Agreement entered into with Rosetta Stone Inc., effective November 22, 2013.