0001181431-11-036428.txt : 20110614 0001181431-11-036428.hdr.sgml : 20110614 20110614093631 ACCESSION NUMBER: 0001181431-11-036428 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110613 FILED AS OF DATE: 20110614 DATE AS OF CHANGE: 20110614 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Richardson Kevin A II CENTRAL INDEX KEY: 0001295313 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-30559 FILM NUMBER: 11909545 MAIL ADDRESS: STREET 1: 200 HIGH STREET STREET 2: SUITE 700 CITY: BOSTON STATE: MA ZIP: 02110 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: EDIETS COM INC CENTRAL INDEX KEY: 0001094058 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 560952883 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1000 CORPORATE DRIVE STREET 2: SUITE 600 CITY: FORT LAUDERDALE STATE: FL ZIP: 33334 BUSINESS PHONE: 954-360-9022 MAIL ADDRESS: STREET 1: 1000 CORPORATE DRIVE STREET 2: SUITE 600 CITY: FORT LAUDERDALE STATE: FL ZIP: 33334 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Prides Capital Partners, LLC CENTRAL INDEX KEY: 0001295315 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-30559 FILM NUMBER: 11909546 BUSINESS ADDRESS: STREET 1: 200 HIGH STREET STREET 2: SUITE 700 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 617 778 9200 MAIL ADDRESS: STREET 1: 200 HIGH STREET STREET 2: SUITE 700 CITY: BOSTON STATE: MA ZIP: 02110 4 1 rrd315295.xml OPEN MARKET PURCHASE 06/13/2011 X0303 4 2011-06-13 0 0001094058 EDIETS COM INC DIET 0001295315 Prides Capital Partners, LLC 200 STATE STREET 13TH FLOOR BOSTON MA 02109 1 0 1 0 0001295313 Richardson Kevin A II 200 STATE STREET 13TH FLOOR BOSTON MA 02109 1 0 1 0 Common Stock 4841875 D Common Stock 37424380 I See Footnote Common Stock 1018375 D Common Stock 2011-06-13 4 P 0 29000 1.25 A 1047375 D Subscription Rights (right to buy) .4125 2011-05-13 4 X 0 885454 0 D 2011-04-21 2011-05-13 Common Stock 1000000 0 D Subscription Rights (right to buy) .4125 2011-05-13 4 X 0 1616000 0 D 2011-04-21 2011-05-13 Common Stock 242400 0 I See Footnote Stock Option (Right to Buy) 0.57 2021-03-15 Common Stock 200000 433685 D Stock Option (Right to Buy) 3.79 2012-04-02 Common Stock 44626 107126 I See Footnote Warrant for the Purchase of Common Stock .3535 2011-02-07 2014-02-07 Common Stock 969697 1104697 D Warrant for the Purchase of Common Stock 1.20 2009-11-12 2019-11-12 Common Stock 454568 1209652 I See Footnote Pursuant to Rights Offering Registration No. 333-173315. Owned directly by Kevin A. Richardson, II. The shares of Common Stock reported herein as indirectly beneficially owned by Prides Capital Partners, L.L.C are owned directly by Prides Capital Fund I, L.P. Because Prides Capital Partners, L.L.C. is the general partner of Prides Capital Fund I, L.P., Prides Capital Partners, L.L.C. may be deemed to be the beneficial owner of shares owned by such entity. Because Kevin A. Richardson, II is the controlling member of Prides Capital Partners, L.L.C., he may be deemed to be the beneficial owner of shares deemed to be beneficially owned by such entity. Each of Prides Capital Partners, L.L.C., Prides Capital Fund I, L.P, and Kevin A. Richardson, II disclaim beneficial ownership of these shares, except to the extent of any pecuniary interest therein. Exercisable according to the following vesting schedule: 100,000 beginning on May 3, 2011; 50,000 beginning on July 1, 2011 and 50,000 beginning on October 1, 2011. The options reported herein as indirectly beneficially owned by Prides Capital Partners, L.L.C. are owned directly by Kevin A. Richardson II. Mr. Richardson is deemed to hold the options for the benefit of Prides Capital Fund I, L.P. and may exercise the options solely upon the direction of Prides Capital Fund I, L.P., which is entitled to the shares issued upon exercise. Because Prides Capital Partners, L.L.C. is the general partner of Prides Capital Fund I, L.P., Prides Capital Partners, L.L.C. may be deemed to be the beneficial owner of options owned by such entity. Each of Prides Capital Partners, L.L.C., Prides Capital Fund I, L.P, and Kevin A. Richardson, II disclaim beneficial ownership of these options, except to the extent of any pecuniary interest therein. The options or warrants reported herein as indirectly beneficially owned by Prides Capital Partners, L.L.C are owned directly by Prides Capital Fund I, L.P. Because Prides Capital Partners, L.L.C. is the general partner of Prides Capital Fund I, L.P., Prides Capital Partners, L.L.C. may be deemed to be the beneficial owner of options and warrants owned by such entity. Because Kevin A. Richardson, II is the controlling member of Prides Capital Partners, L.L.C., he may be deemed to be the beneficial owner of options or warrants deemed to be beneficially owned by such entity. Each of Prides Capital Partners, L.L.C., Prides Capital Fund I, L.P, and Kevin A. Richardson, II disclaim beneficial ownership of these options and warrants, except to the extent of any pecuniary interest therein. These options are immediately exercisable. Amount reflects 1-for-5 reverse stock split that was effective 06/01/2011 Kevin A. Richardson, II has been deputized by Prides Capital Partners, L.L.C. to serve on the Issuer's board of directors, and therefore Prides Capital Partners, L.L.C. and each of the other Reporting Persons also is a director of the Issuer for purposes of Section 16 of the Securities Exchange Act of 1934. Prides Capital Partners, LLC 2011-06-14 Kevin A. Richardson, II 2011-06-14