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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Right to Buy Common Stock (1) | (2) | 08/08/2005 | J | 290,800 | 08/08/2005 | 08/08/2006 | Common Stock | 290,800 | $ 0 | 290,800 | I | By Partnership | |||
Right to Buy Warrants (1) | (2) | 08/08/2005 | J | 145,400 | 08/08/2005 | 08/08/2006 | Warrants (3) | 145,400 | $ 0 | 145,400 | I | By Partnership | |||
Right to Buy Warrants (1) | (2) | 08/08/2005 | J | 145,400 | 08/08/2005 | 08/08/2006 | Warrants (4) | 145,400 | $ 0 | 145,400 | I | By Partnership |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HAYES JOHN J SUNAIR ELECTRONICS, INC. 3005 S.W. THIRD AVENUE FORT LAUDERDALE, FL 33315 |
President and CEO |
/s/ John J. Hayes | 11/04/2005 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Commencing on August 8, 2005 and ending on the first anniversary thereafter, Mr. Hayes, as a limited partner of Coconut Palm Capital Investors II, Ltd. (the "Partnership"), has the right to redeem his limited partnership interests in the Partnership for the reported securities at any time. |
(2) | Mr. Hayes would be required to pay the Partnership $250.00, in the event he elects to redeem his limited partnership interests in the Partnership. |
(3) | In the event Mr. Hayes redeems his limited partnership interests in the Partnership, he will acquire warrants to purchase 145,400 shares of common stock at an exercise price of $6 per share, which will be immediately exercisable and will expire on February 2, 2008. |
(4) | In the event Mr. Hayes redeems his limited partnership interests in the Partnership, he will acquire warrants to purchase 145,400 shares of common stock at an exercise price of $7 per share, which will be immediately exercisable and will expire on February 2, 2010. |