PAULSON BERNARD A 4
4 · TOR MINERALS INTERNATIONAL INC · Filed Dec 13, 2011
Insider Transaction Report
Form 4
PAULSON BERNARD A
Director10% Owner
Transactions
- Exercise of In-Money
Common Stock Warrants (Right to Buy)
2011-12-13$10.00/sh−85,000$850,000→ 0 total(indirect: By Paulson Ranch Ltd)Exercise: $10.00From: 2008-12-31Exp: 2011-12-31→ Common Stock - Exercise of In-Money
Common Stock
2011-12-13$10.00/sh+85,000$850,000→ 418,066 total(indirect: By Paulson Ranch Ltd)
Footnotes (3)
- [F1]Shares are held for the account of Paulson Ranch Ltd, of which Mr. Paulson has sole voting power and disclaims beneficial ownership. In addition to the 400,406 shares held by Paulson Ranch Ltd, Mr. Paulson and his wife own 17,660 shares
- [F2]85,000 shares acquired through the exercise of warrants issued in 2008 private placement which were exercisable from December 31, 2008 through December 31, 2011, at an exercise price of $10/share
- [F3]85,000 warrants exercised at an exercise price of $10/share