X0306
4
2015-12-15
0
0000885074
AUTHENTIDATE HOLDING CORP
ADAT
0001531964
Lazarus Management Co LLC
3200 CHERRY CREEK SOUTH DRIVE
SUITE 670
DENVER
CO
80209
0
0
1
0
0001531960
BORUS JUSTIN B
3200 CHERRY CREEK SOUTH DRIVE
SUITE 670
DENVER
CO
80209
0
0
1
0
0001232118
LAZARUS INVESTMENT PARTNERS LLLP
3200 CHERRY CREEK SOUTH DRIVE
SUITE 670
DENVER
CO
80209
0
0
1
0
0001639757
Lazarus Macro Micro Partners LLLP
3200 CHERRY CREEK SOUTH DRIVE
SUITE 670
DENVER
CO
80209
0
0
1
0
Common Stock
6687961
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
1250000
0.00
D
2015-04-24
2019-10-25
Common Stock
1250000
0
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
1250000
0.00
A
2015-12-15
2022-12-15
Common Stock
1250000
1250000
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
357142
0.00
D
2015-04-24
2019-10-25
Common Stock
357142
0
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
357142
0.00
A
2015-12-15
2022-12-15
Common Stock
357142
357142
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
746268
0.00
D
2015-04-24
2019-10-25
Common Stock
746268
0
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
746268
0.00
A
2015-12-15
2022-12-15
Common Stock
746268
746268
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
330000
0.00
D
2015-04-24
2019-10-25
Common Stock
330000
0
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
330000
0.00
A
2015-12-15
2022-12-15
Common Stock
330000
330000
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
1317830
0.00
D
2015-04-24
2019-10-25
Common Stock
1317830
0
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
1317830
0.00
A
2015-12-15
2022-12-15
Common Stock
1317830
1317830
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
2000000
0.00
D
2015-05-07
2019-10-25
Common Stock
2000000
0
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
2000000
0.00
A
2015-12-15
2022-12-15
Common Stock
2000000
2000000
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
232394
0.00
D
2015-05-07
2019-10-25
Common Stock
232394
0
I
See Footnotes
Warrant (right to buy)
0.25
2015-12-15
4
J
0
232394
0.00
A
2015-12-15
2022-12-15
Common Stock
232394
232394
I
See Footnotes
Warrant (right to buy)
0.30
2015-12-15
4
J
0
1000000
0.00
A
2016-12-16
Common Stock
1000000
1000000
I
See Footnotes
Includes 45,674 shares of common stock issued in lieu of cash dividends on shares of Series D preferred stock on June 30, 2015 for no consideration and at the Issuer's election. The transaction is exempt under Rule 16a-9(a) promulgated under the Securities Exchange Act of 1934.
The reported transactions involve an amendment of the warrants to amend the expiration date, resulting in the deemed cancellation of the old warrant and the simultaneous issuance of the new warrant for purposes of Section 16.
This form is filed jointly by Lazarus Management Company LLC ("Lazarus Management"), Justin B. Borus, Lazarus Investment Partners LLLP ("Lazarus Partners") and Lazarus Macro Micro Partners LLLP ("Macro Micro Partners" and together with Lazarus Partners, the "Funds"). The securities reported herein are owned directly by Lazarus Partners except for 7,500 shares of common stock owned directly by Macro Micro Partners. Lazarus Management is the investment adviser and general partner of the Funds and Mr. Borus is the manager of Lazarus Management.
Each of Lazarus Management and Mr. Borus expressly disclaims beneficial ownership of the securities held by the Funds except to the extent of his or its pecuniary interest therein. Each of the Funds expressly disclaims beneficial ownership of the shares held by the other Fund. The filing of this Form 4 shall not be construed as an admission that either Lazarus Management or Mr. Borus, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, is the beneficial owner of any of the securities reported herein.
Lazarus Partners was issued the warrant for no consideration in connection with a note exchange agreement pursuant to which it exchanged an existing promissory note for a new promissory note with a new interest rate and maturity date.
The warrant expires on the 54-month anniversary of the initial exercise date. The initial exercise date is the first business day following the 12-month anniversary of the issue date, provided, in the event that the Issuer enters into a definitive agreement for the acquisition of all of the outstanding membership interests of Peachstate Health Management LLC (d/b/a AEON Clinical Laboratories) and consummates the initial closing as contemplated by the definitive agreement, then the initial exercise date of the warrant is the 3-year anniversary of the initial closing under the definitive agreement.
Lazarus Management Company LLC By: /s/ Justin B. Borus, Manager
2015-12-17
Lazarus Investment Partners LLLP By: Lazarus Management Company LLC, its general partner By: /s/ Justin B. Borus, Manager
2015-12-17
Lazarus Macro Micro Partners LLLP By: Lazarus Management Company LLC, its general partner by: /s/ Justin B. Borus, Manager
2015-12-17
/s/ Justin B. Borus
2015-12-17