4 1 d37553_form4.txt FORM 4 --------------------------------- OMB APPROVAL --------------------------------- OMB Number: 3235-0287 Expires: February 1, 1994 Estimated average burden hours per response .......... 0.5 --------------------------------- U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [_] 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 A Novo Americas LLC -------------------------------------------------------------------------------- (Last) (First) (Middle) 1114 Avenue of the Americas -------------------------------------------------------------------------------- (Street) New York, NY 10036 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol A Novo Broadband, Inc. (ANVB) ________________________________________________________________________________ 3. IRS or Social Security Number of Reporting Person (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Year May, 2002 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) [_] Director [X] 10% Owner [_] Officer (give title below) [_] Other (specify below) ________________________________________________________________________________ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================
6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Code ------------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 5/29/02 C 3,714,058 A $1.40 6,727,298(1) D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
(1) The shares are owned directly A Novo Americas LLC ("A Novo"). This statement is also filed by A Novo SA, a French societe anonyme ("AN France"). AN France is the sole member of A Novo. Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) (Print or Type Responses) SEC 1474 (3/91) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
10. 9. Owner- Number ship of Form 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ Convertible Common Grid Note $1.41(1) 3/31/02 J(2) (A)$4,000,000(3) Currently -- Stock 2,646,218(4) $4,000,000 2,646,218 D(5) ------------------------------------------------------------------------------------------------------------------------------------ Convertible Bridge Common Loan(6) $1.40 5/29/02 C (D)$4,971,440 5/29/02 -- Stock 3,714,058(7) 2,646,218 D(5) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: (1) The convertible grid note may be converted into shares of the Issuer's common stock at prices based on the average closing price per share for the 10 trading days immediately following the time of the related advance. The average conversion price as of May 31, 2002 is $1.41 per share. (2) Through March 15, 2002, AN France advanced the Issuer approximately $800,000 on open account. On March 15, 2002, AN France advanced the Issuer the additional sum of $2,200,000. In order to induce AN France to (a) advance the additional sum, (b) agree to subordinate all of its working capital advances to a new credit line and (c) agree to guarantee a new credit line, the terms of such advances were revised and incorporated into an unsecured demand convertible grid note of the Issuer dated March 31, 2002 in nominal principal amount of $4 million, due on demand. The outstanding balance of the convertible grid note may be converted into shares of the Issuer's Common Stock at prices based on the average closing price per share for the 10 trading days immediately following the time of the related advance. An additional advance of $500,000 was made on April 17, 2002. (3) The nominal principal amount of the convertible grid note. (4) Represents the number of shares issuable on conversion of the principal and interest of the convertible grid note as of May 31, 2002 based on a balance of $3.6 million outstanding. (5) The derivative security is held directly by AN France. (6) AN France loaned A Novo and then A Novo loaned the Issuer the sum of $4,971,440 pursuant to a Bridge Loan Agreement dated August 29, 2001. (7) Represents the number of shares issuable on conversion of the principal and interest of the bridge loan as of May 29, 2002, the conversion date. /s/Henri Triebel June 17, 2002 --------------------------------------------- ----------------------- Henri Triebel, Managing Member** Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. JOINT FILER INFORMATION AND AUTHORIZATION Name: A Novo SA Head Office : 31, rue des Peupliers F-92660 Boulogne Cedex France Designated Filer: A Novo Americas LLC Issuer & Ticker Symbol: A Novo Broadband, Inc. (ANVB - Nasdaq OTCBB) Statement Date: For the Month of May 2002 Relationship of Reporting Person to Issuer: 10% Owner Signature: A NOVO SA By: /s/ Henri Triebel --------------------------------------------- Name: Henri Triebel Title: Chairman of the Board of Directors