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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
UNIFY CORP [ UNFY ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/29/2010 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 06/29/2010 | P | 1,079,646 | A | $3.5(1) | 1,079,646 | I | By Trust(2) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | ||||||||
Subordinated Purchase Note | (3) | 06/29/2010 | P | $2,588,192 | (4) | (4) | Common Stock | $2,588,192(3) | (3) | 2,588,192 | I | By Trust(2) | |||
Subordinated Indemnity Note | (3) | 06/29/2010 | P | $621,166 | (4) | (4) | Common Stock | $621,166(3) | (3) | $3,209,358 | I | By Trust(2) |
Explanation of Responses: |
1. The shares reported on this line were acquired by the reporting person as partial consideration for the reporting person's shares of Strategic Office Solutions, Inc. pursuant to the Agreement and Plan of Merger between the issuer, Unify Acquisition Corp. (a wholly-owned subsidiary of the issuer), and Strategic Office Solutions, Inc., which valued the issuer's shares at $3.50 per share. |
2. These shares are held by The Jensen Revocable Trust Dated January 25, 2007, of which the reporting person and his wife are co-settlors, co-trustees, and co-beneficiaries. |
3. The conversion price for these notes is $3.50 per share if the conversion occurs prior to the first anniversary of the date of issuance and the twenty day volume weighted average trading price of the issuer's common stock for the twenty days ending two trading days prior to the date of notice of conversion if conversion is elected after the first anniversary of the date of issuance. |
4. The notes are exercisable, at the election of the holder or the issuer, at any time following the twenty-first day after the issuer has sent to its stockholders an Information Statement on Schedule 14C of the Securities Exchange Act of 1934 with respect to the action by written consent of the stockholders on June 25, 2010 authorizing the issuance of the issuer's common stock issuable upon the conversion of the notes, and have no expiration date. |
/s/Jude Sullivan, attorney-in-fact | 07/01/2010 | |
** 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |