SEVCON, INC. 4
4 · SEVCON, INC. · Filed Sep 8, 2014
Insider Transaction Report
Form 4
SEVCON, INC.SEVRR
START BERNARD F
Director
Transactions
- Sale
Subscription Rights (Right to Buy)
2014-09-04$0.33/sh−123,872$41,064→ 0 total(indirect: By Spouse)Exercise: $21.50Exp: 2014-09-08→ Preferred Stock (16,130 underlying) - Sale
Subscription Rights (Right to Buy)
2014-09-05$0.32/sh−24,617$7,939→ 2,600 totalExercise: $21.50Exp: 2014-09-08→ Preferred Stock (3,205 underlying)
Footnotes (4)
- [F1]The subscription rights reflected on this Form 4 were issued to the reporting person in connection with Sevcon, Inc.'s rights offering, in which Sevcon, Inc. distributed, at no charge, to holders of its common stock, transferable subscription rights to purchase shares of the company's Series A Convertible Preferred Stock.
- [F2]Immediately exercisable.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $.30 to $.36, inclusive. The reporting person undertakes to provide to Sevcon, Inc., any security holder of Sevcon, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F4]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $.31 to $.36, inclusive. The reporting person undertakes to provide to Sevcon, Inc., any security holder of Sevcon, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.