4//SEC Filing
DETWILER MITCHELL & CO 4
Accession 0000746425-03-000032
CIK 0000746425operating
Filed
Jul 29, 8:00 PM ET
Accepted
Jul 30, 4:00 PM ET
Size
17.0 KB
Accession
0000746425-03-000032
Insider Transaction Report
Form 4
VOTING GROUP FOR DETWILER MITCHELL & CO
10% OwnerOther
Transactions
- Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2003-07-29$0.40/sh−10,250$4,100→ 0 total(indirect: Stock Option owned by Peter Fenton, Group Member)Exercise: $0.40From: 1999-08-30Exp: 2004-08-30→ Common Stock (10,250 underlying) - Award
Stock Option, Right To Buy
2003-05-19$1.00/sh+300,000$300,000→ 300,000 total(indirect: Stock Options owned by James Mitchell, Group Member)Exercise: $1.00From: 2003-11-06Exp: 2007-11-06→ Common Stock (300,000 underlying) - Award
Non-Qualified Stock Option, Right to Buy
2003-05-19$1.80/sh+50,000$90,200→ 50,000 total(indirect: Stock Option owned by Robert Detwiler, group member.)Exercise: $1.80From: 2004-04-08Exp: 2008-04-08→ Common Stock (50,000 underlying) - Exercise/Conversion
Common Stock
2003-07-29$0.40/sh+10,250$4,100→ 1,607,837 total
Footnotes (9)
- [F1]Exercise of stock option for Peter Fenton, group member, under the Fechtor, Detwiler & Co., Inc. 1999 Special Stock Option Plan.
- [F2]On April 15, 2003, the Reporting Persons herein formed a Group by signing a Stockholders Agreement which was filed as Exhibit 1 to a Report of Schedule 13-d on April 17, 2003 for Voting Group for Detwiler Mitchell & Co. The group is composed of the following members with the following contact information: James Graves, Judy T. Graves, Erwin, Graves & Associates LP J&J Prairie Oaks Ranch 1, LP Prairie Acorn Ventures, GP c/o Erwin Graves & Associates 2100 McKinney Avenue, Suite 900 Dallas, TX 75205. James K. Mitchell Pamela A. Mitchell James K. Mitchell & Pamela A. Mitchell Revocable Trust c/o James Mitchell & Co. 9710 Scranton Rd. Ste. 100 San Diego CA 92121 Robert Dewtiler Betsey Detwiler c/o Fechtor Detwiler 225 Franklin Street, 20th Floor Boston MA 02110 Peter Fenton Paula Fenton c/o Fechtor Detwiler 225 Franklin Street, 20th Floor Boston MA 02110
- [F3]Of the total reported above, James Graves owns 399,999 shares directly, Erwin Graves & Associates owns 100,000 shares directly of which James Graves owns 25%, Judy Graves owns 25%, James Erwin owns 25% and Carole Erwin owns 25%. 40,000 shares owned directly by Judy Graves. 241,000 shares are directly owned by J&J Prairie Oaks Ranch 1, LP, a limited partnership owned 50% by James Grave and 50% by Judy Graves. 5,942 shares are owned directly by James Mitchell, 1,325 shares owned by Pamela Mitchell, 197,060 shares are owned by the James K. Mitchell & Pamela A. Mitchell Revocable Trust, and 636 shares held in employer's now inactive Employee Stock Purchase Plan for James Mitchell. Shares do not include shares held in employer 401K.
- [F4]594,125 shares owned by Robert Detwiler does not include approximately 1,416.67 shares, which pursuant to a Share Reimbursement Agreement, Mr. Detwiler has agreed to provide to Detwiler, Mitchell & Co., for no consideration, upon the exercise of certain stock options issued to employees of Fechtor, Detwiler & Co., Inc. prior to the merger between issuer and Fechtor Detwiler. The shares are held by a custodian in the name of the custodian for the benefit of Detwiler, Mitchell & Co. Robert Detwiler retains the voting rights for these shares and is entitled to receive all dividends but they are not included in his shares under the Stockholders Agreement. 2,500 shares are owned by Betsey Detwiler. Peter Fenton owns 25,250 shares directly and does not include 401K shares.
- [F5]The total shares listed on the previously filed Form 3 were incorrectly added. This Form 4 corrects this total and adds 10,250 shares.
- [F6]Transaction previously reported on 5/20/2003 on individual member's Form 4.
- [F7]Transaction is a grant of a stock option on April 8, 2003, contingent on approval by stockholders of an amendment to the 2000 Omnibus Equity Incentive Plan (the "Plan"), which was obtained on May 19, 2003. Option becomes exericsable in increments of 16,667, 16,667 and 16,666 shares on April 8, 2004, 2005 and 2006, respectively. The price of the option was determined at 110% of the closing price of the common stock on the Nasdaq SmallCap Stock Market on April 8, 2003, the date of grant, pursuant to provisions under the Plan for 10% owners.
- [F8]Transaction previously reported on individual group member James Mitchell's Form 4.
- [F9]Transaction is a grant of a stock option on November 6, 2002, contingent on approval by stockholders of an amendment to the 2000 Omnibus Equity Incentive Plan (the "Plan"), which was obtained on May 19, 2003. Option becomes exercisable in increments of 50,000, 100,000, 100,000 and 50,000 shares on November 6, 2003, 2004, 2005 and 2006, respectively. The price of the option was determined as the closing price of the common stock on the Nasdaq SmallCap Stock Market on November 6, 2002, the date of grant.
Documents
Issuer
DETWILER MITCHELL & CO
CIK 0000746425
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000746425
Filing Metadata
- Form type
- 4
- Filed
- Jul 29, 8:00 PM ET
- Accepted
- Jul 30, 4:00 PM ET
- Size
- 17.0 KB