Delaware
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23-2119058
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(State or other jurisdiction of incorporation or organization)
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(IRS Employer Identification No.)
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240 Gibraltar Road, Horsham, Pennsylvania
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19044
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(Address of principal executive offices)
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(Zip Code)
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Title of Each Class:
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Name of Each Exchange on which Registered:
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Common Stock, $0.01 Par Value Per Share
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The NASDAQ Stock Market LLC
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Name of Beneficial Owner and Management
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Amount of Ownership
(1)
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Percent of Class (2)
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Zack Bergreen (3)
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2,070,068 | 44.0 | % | |||||
Adrian A. Peters (4)
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14,750 | 0.3 | % | |||||
Keith D. Schneck
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0 | 0.0 | % | |||||
Eric S. Siegel (5)
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17,000 | 0.4 | % | |||||
John Tobin (6)
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109,767 | 2.3 | % | |||||
Rick Etskovitz (7)
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315,284 | 8.6 | % | |||||
KVO Capital Management, LLC (8)
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400,658 | 11.2 | % | |||||
Kinetic Catalyst Partners LLC (9)
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249,482 | 7.0 | % | |||||
All current directors, nominees and
executive officers as a group (6 persons) (1)-(7)
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2,526,869 | 53.6 | % |
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+
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Except as otherwise indicated, the address of each person named in the table is c/o Astea International Inc., 240 Gibraltar Road, Horsham, Pennsylvania 19044. Information regarding beneficial owners other than our officers and directors are based on, and limited to, the information each has provided in its respective Schedule 13D and Schedule 13G filings with the SEC.
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(1)
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Except as noted in the footnotes to this table, each person or entity named in the table has sole voting and investment power with respect to all shares of Common Stock owned, based upon information provided to us by directors, officers and principal stockholders. Beneficial ownership is determined in accordance with the rules of the SEC and includes voting and investment power with respect to shares of Common Stock subject to options currently exercisable or exercisable within 60 days after the Record Date April 15, 2013.
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(2)
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Applicable percentage of ownership as of April 15, 2013 is based upon 3,587,299 shares of Common Stock outstanding as of that date. Beneficial ownership is determined in accordance with the rules of the SEC and includes voting and investment power with respect to shares. Presently exercisable stock options and preferred stock convertible into Common Stock are deemed outstanding for computing the percentage of ownership of the person holding such options and/or convertible preferred stock, but are not deemed outstanding for computing the percentage of any other person.
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(3)
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Includes 1,103,019 shares of Common Stock held by trusts of which Mr. Bergreen and his wife are the only trustees, 55,803 shares of Common Stock held by a family limited partnership of which Mr. Bergreen is the sole general partner and 826,446 shares of convertible preferred stock which are convertible at the Record Date of April 15, 2013 into 826,446 shares of Common Stock.
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(4)
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Represents options to purchase 14,750 shares, all of which are currently exercisable.
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(5)
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Represents options to purchase 17,000 shares, all of which are currently exercisable.
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(6)
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Represents 21,017 shares of Common Stock and also options to purchase 88,750 shares, all of which are exercisable.
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(7)
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Includes 217,534 shares of Common Stock held by trusts for the benefit of certain members of the family of Mr. Bergreen of which Mr. Etskovitz is the trustee with investment and voting power over the shares, 4,000 shares of Common Stock and options to purchase 93,750 shares, all of which are exercisable.
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(8)
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KVO Capital Management, LLC, includes the ownership of Astea stock by Kernan V. Oberting, Managing Member of KVO Capital Management, LLC. The principal address of KVO Capital Management, LLC is 33 S. Main Street, Suite 3, Hanover, NH 03755.
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(9)
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Kinetic Catalyst Partners LLC is a Delaware limited liability company. Robert B. Ashton is the Portfolio Manager of Kinetic Catalyst Partners LLC. The principal address of Kinetic Catalyst Partners LLC is 6 Occom Ridge, Hanover, NH 03755.
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(a)(3)
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List of Exhibits.
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The following exhibits are filed as part of and incorporated by reference into this Annual Report on Form 10-K:
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Exhibit No.
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Description
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3.1
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Certificate of Incorporation of the Company (Incorporated herein by reference to Exhibit 3.1 to the Company’s Registration Statement on Form S-1, as amended (File No. 33-92778)).
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3.2
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By-Laws of the Company (Incorporated herein by reference to Exhibit 3.2 to the Company’s Registration Statement on Form S-1, as amended (File No. 33-92778)).
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3.3
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Certificate of Designation of Series A Convertible Preferred Stock (Incorporated herein by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed September 26, 2008).
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4.1
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Specimen certificate representing the Common Stock (Incorporated herein by Reference to Exhibit 4.1 to the Company’s Registration Statement on Form S-1, as amended (File No. 33-92778)).
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10.1#
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Amended and Restated 1995 Non-Employee Director Stock Option Plan (Incorporated herein by reference to Exhibit 10.9 to the Company’s Annual Report on Form 10-K for the year ended December 31, 1997).
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10.2#
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Form of Non-Qualified Stock Option Agreement under the 1995 Non-Employee Director Stock Option Plan (Incorporated herein by reference to Exhibit 4.5 to the Company’s Registration Statement on Form S-8, filed on September 19, 1995 (File No. 33-97064)).
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10.3#
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1997 Stock Option Plan (Incorporated herein by reference to Exhibit 10.10 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 1996).
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10.4#
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Form of Non-Qualified Stock Option Agreement under the 1997 Stock Option Plan. (Incorporated herein by reference to Exhibit 10.11 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 1996).
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10.5#
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Form of Incentive Stock Option Agreement under the 1997 Stock Option Plan (Incorporated herein by reference to Exhibit 10.12 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 1996).
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10.6#
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1998 Stock Option Plan (Incorporated herein by reference to Exhibit 10.14 to the Company’s Annual Report on Form 10-K for the year ended December 31, 1997).
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10.7#
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Form of Non-Qualified Stock Option Agreement under the 1998 Stock Option Plan. (Incorporated herein by reference to Exhibit 10.15 to the Company’s Annual Report on Form 10-K for the year ended December 31, 1997).
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10.8#
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Form of Incentive Stock Option Agreement under the 1998 Stock Option Plan. (Incorporated herein by reference to Exhibit 10.16 to the Company’s Annual Report on Form 10-K for the year ended December 31, 1997).
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10.9#
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2001 Stock Option Plan (Incorporated herein by reference to Exhibit B to the Company’s Proxy Statement on Schedule 14A filed July 5, 2001).
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10.10#
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Form of Severance Agreement, dated April 14, 2008, between Astea International Inc. and certain of its officers.
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Schedule of Differences
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Each Severance Agreement executed with the executive officers listed below is substantially the same as the form of each other:
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Officers | Title | ||
Zack Bergreen | Chief Executive Officer | ||
Fredric Etskovitz | Chief Financial Officer and Treasurer | ||
John Tobin | President | ||
10. 11
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Preferred Stock Purchase Agreement by and between Astea International Inc. and Zack Bergreen, dated September 24, 2008 (Incorporated herein by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed September 26, 2008).
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10.12#
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Amended and Restated 2006 Stock Option Plan (Incorporated herein by reference to Exhibit 10.1 to the Current Report on Form 8-K filed on June 16, 2010).
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10.13#
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Form of Incentive Stock Option under Amended and Restated 2006 Stock Option Plan (Incorporated herein by reference to Exhibit 10.2 to the Current Report on Form 8-K filed June 16, 2010).
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10.14#
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Form of Non-Qualified Stock Options under Amended and Restated 2006 Stock Option Plan Incorporated herein by reference to Exhibit 10.3 to the Current Report on Form 8-K filed June 16, 2010).
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21.1†
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Subsidiaries of the Registrant.
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23.1†
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Consent of Grant Thornton, LLP.
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24.1†
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Powers of Attorney (See the Signature Page).
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31.1*
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31.2*
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32.1*
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32.2*
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ASTEA INTERNATIONAL INC.
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By: /s/Zack Bergreen
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Zack Bergreen
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Chief Executive Officer
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June 7, 2013
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