Ginola Ltd - Jun 9, 2021 Form 4 Insider Report for EMAGIN CORP (EMAN)

Role
10%+ Owner
Signature
/s/ Sumantha R. Sedor, Attorney-in-Fact
Stock symbol
EMAN
Transactions as of
Jun 9, 2021
Transactions value $
$341,150
Form type
4
Date filed
6/11/2021, 04:23 PM
Previous filing
Jun 8, 2021
Next filing
Jun 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EMAN Common Stock Exercise of in-the-money or at-the-money derivative security $355K +173K +28.86% $2.05 774K Jun 9, 2021 Direct F1
transaction EMAN Common Stock Sale -$14.2K -4.01K -0.52% $3.54 770K Jun 9, 2021 Direct F2
holding EMAN Common Stock 783K Jun 9, 2021 By Rainbow Gate Corporation F3
holding EMAN Common Stock 78.5K Jun 9, 2021 By Mount Union Corp. F4
holding EMAN Common Stock 57.4K Jun 9, 2021 By Chelsea Trust Company, as Trustee F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EMAN Stock Purchase Warrants (right to buy) Exercise of in-the-money or at-the-money derivative security $0 +173K $0.00* 0 Jun 9, 2021 Common Stock 173K $2.05 Direct F1
holding EMAN Series B Convertible Preferred Stock 803 Jun 9, 2021 Common Stock 2.66M $0.75 Direct F6
holding EMAN Series B Convertible Preferred Stock 703 Jun 9, 2021 Common Stock 2.33M $0.75 By Rainbow Gate Corporation F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person elected to do a cash exercise of that certain Common Stock Purchase Warrant (issued pursuant to that certain Securities Purchase Agreement dated December 17, 2015 among eMagin Corporation (the "Issuer") and the purchasers signatory thereto), pursuant to the terms of such warrant.
F2 The price reported in Column 4 is a weighted average price. These shares of Common Stock, par value $0.001 per share ("Common Stock"), of the Issuer were sold in multiple transactions at prices ranging from $3.53 to $3.56 per share of Common Stock, inclusive. Ginola Limited ("Ginola" or the "Reporting Person") undertakes to provide, upon request, to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission full information regarding the number of shares of Common Stock sold at each separate price within the ranges set forth herein.
F3 These securities are solely owned by Rainbow Gate Corporation. The Reporting Person disclaims beneficial ownership of these securities, and this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities.
F4 These securities are solely owned by Mount Union Corp. The Reporting Person disclaims beneficial ownership of these securities, and this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities.
F5 These securities are solely owned by Chelsea Trust Company Limited, as Trustee. The Reporting Person disclaims beneficial ownership of these securities, and this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities.
F6 The shares of Series B Convertible Preferred Stock were purchased on December 22, 2008 as part of a private placement with the Issuer in accordance with the Securities Purchase Agreement, dated December 18, 2008, between the Issuer and the holder. The shares of Series B Convertible Preferred Stock have the rights and preferences set forth on the Certificate of Designations of Series B Convertible Preferred Stock filed with the Secretary of State for the State of Delaware on December 19, 2008. The Series B Convertible Preferred Stock has a stated value of $1,000 per share and currently has a conversion price of $ 0.3022 per share.