SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HUGHES J WINDER

(Last) (First) (Middle)
PO BOX 389

(Street)
PONTE VEDRA FL 32004

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
THERMOENERGY CORP [ TMEN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2009
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 11/27/2009 P 65,000 A $0.3 3,365,000 I See footnote.(1)
Common Stock(1) 11/30/2009 P 15,000 A $0.31 3,380,000 I See footnote.(1)
Common Stock(1) 12/01/2009 P 20,000 A $0.32 3,400,000 I See footnote.(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Note(1) $0.3 08/21/2009 P 2,000,000 08/21/2009 12/31/2011 Common Stock 2,000,000 $600,000 2,000,000 I See footnote.(1)
Common Stock Purchase Warrant(1) $0.5 08/21/2009 P 2,400,000 08/21/2009 07/31/2014 Common Stock 2,400,000 $0 2,400,000 I See footnote.(1)
Convertible Note(1)(2) $0.3 09/28/2009 J(2) 2,000,000 08/21/2009 12/31/2011 Common Stock 2,000,000 $600,000 0 I See footnote.(1)
Convertible Note(1)(2) $0.24 09/28/2009 J(2) 2,500,000 09/28/2009 12/31/2011 Common Stock 2,500,000 $600,000 2,500,000 I See footnote.(1)
Common Stock Purchase Warrant(1)(3) $0.75 09/28/2009 J(3) 500,000 08/23/2009 12/31/2010 Common Stock 500,000 $0 0 I See footnote.(1)
Common Stock Purchase Warrant(1)(3) $0.5 09/28/2009 J(3) 500,000 09/28/2009 12/31/2010 Common Stock 500,000 $0 500,000 I See footnote.(1)
Common Stock Purchase Warrant(1)(4) $0.54 09/28/2009 J(4) 600,000 06/17/2009 06/30/2014 Common Stock 600,000 $0 0 I See footnote.(1)
Common Stock Purchase Warrant(1)(4) $0.5 09/28/2009 J(4) 600,000 09/28/2009 06/30/2014 Common Stock 600,000 $0 500,000 I See footnote.(1)
Common Stock Purchase Warrant(1) $0.5 11/19/2009 P 500,000 11/19/2009 11/30/2014 Common Stock 500,000 $0 500,000 I See footnote.(1)
Common Stock Purchase Warrant(1) $0.24 11/19/2009 P 458,333 11/19/2009 11/30/2014 Common Stock 458,333 $0 458,333 I See footnote.(1)
Convertible Note(1)(5) $0.24 11/19/2009 C(5) 2,500,000 09/28/2009 12/31/2011 Common Stock 2,500,000 $600,000 0 I See footnote.(1)
Series B Convertible Preferred Stock(1)(5) $0.24 11/19/2009 C(5) 256,082 11/19/2009 (5) Common Stock 2,560,820 $2.4 256,082 I See footnote.(1)
Explanation of Responses:
1. These securities are held by Focus Fund LP. Mr. Hughes is the principal of the Investment Manager of such fund and he disclaims ownership of the securities held by Focus Fund LP except to the extent of his pecuniary interest in Focus Fund LP.
2. On September 28, 2009, the Issuer's 8% Secured Convertible Promissory Note in the principal amount of $600,000 held by Focus Fund LP was amended to change the conversion price from $0.30 per share to $0.24 per share.
3. On September 28, 2009, the Warrant, originally issued August 23, 2007, was amended to change the exercise price from $0.75 per share to $0.50 per share.
4. On September 28, 2009, the Warrant, originally issued June 17, 2009, was amended to change the exercise price from $0.54 per share to $0.50 per share.
5. On November 19, 2009, Focus Fund LP entered into a Securities Purchase Agreement with the Issuer, pursuant to which the Issuer issued and sold to Focus Fund LP 256,082 shares of the Issuer's Series B Convertible Preferred Stock in consideration of the cancellation of the principal and all accrued interest on the Issuer's Convertible Note held by Focus Fund LP. The shares of Series B Convertible Preferred Stock were issued at a price of $2.40 per share. Each share of Series B Convertible Preferred Stock is convertible, at any time at the election of the holder, into ten shares of Common Stock.
/s/ J. Winder Hughes III 12/04/2009
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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