Accel internet fund iii associates llc - by accel internet fund iii l p investment history in Metropcs communications inc

Filed on 2007-04-26 by Accel Internet Fund Iii Associates Llc SEC CIK 1248535 Form 4

Accession 0001209191-07-025751.txt Sec File: edgar/data/1248535/0001209191-07-025751-index.htm

2007-04-24 Accel Internet Fund Iii Associates Llc (CIK 1248535) through By Accel Internet Fund Iii L P

Invested in Metropcs Communications Inc sold 40960 shares at $0 remaining shares owned 0

Series D Convertible Preferred Stock Metropcs Communications Inc Pcs exercise price 0 has valueunderlying security shares 1693482 underlying security title Common Stock

f1 the shares of series d convertible preferred stock (the "series d preferred stock") converted, along with any accrued but unpaid dividends thereon, into common stock of metropcs communications, inc. (the "company"). each share of series d preferred stock represented an original investment of $100 which, with the accrued but unpaid dividends thereon, was converted to the company's common stock at the rate of approximately $3.13 per share of common stock.
f3 these shares are held directly by accel internet fund iii l.p. accel internet fund iii associates l.p. is the general partner of accel internet fund iii l.p. and has sole voting and investment power. arthur c. patterson, james r. swartz, james w. breyer, j. peter wagner and theresia gouw ranzetta are the managing members of accel internet fund iii associates l.p. and share such power.
f8 the series d preferred stock had been automatically convertible upon (i) completion of a qualified public offering (as defined in the securities purchase agreement, as amended); (ii) the common stock trading on a national securities exchange for a period of 30 consecutive trading dates above a price that implies a market valuation of the series d preferred stock in excess of twice the initial purchase price of the series d preferred stock; or (iii) the date specified by the holders of two-thirds of the initial purchase price of the series d preferred stock. if not previously converted, the company was required to redeem all outstanding shares of series d preferred stock on july 17, 2015, at the liquidation value plus accrued but unpaid dividends.