Accel internet fund iii associates llc - by ellmore c patterson partners 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 Ellmore C Patterson Partners

Invested in Metropcs Communications Inc sold 29899 shares at $0 remaining shares owned 0

Series D Convertible Preferred Stock Metropcs Communications Inc Pcs exercise price 0 has valueunderlying security shares 1235026 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.
f6 these shares are held directly by ellmore c. patterson partners. arthur c. patterson is a director of the general partner of ellmore c. patterson partners.
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.