4//SEC Filing
PAULSON BERNARD A 4
Accession 0000842295-12-000023
CIK 0000842295other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 5:07 PM ET
Size
12.2 KB
Accession
0000842295-12-000023
Insider Transaction Report
Form 4
PAULSON BERNARD A
Director10% Owner
Transactions
- Purchase
Common Stock
2012-05-03$2875.00/sh+500$1,437,500→ 610,161 total(indirect: By Paulson Ranch, Ltd) - Exercise of In-Money
Option Right to Buy
2012-05-03$2875.00/sh−500$1,437,500→ 0 totalExercise: $5.75From: 2002-05-13Exp: 2012-05-12→ Common Stock (500 underlying) - Purchase
Common Stock
2012-05-03$507727.00/sh+191,595$97,277,954,565→ 609,661 total(indirect: By Paulson Ranch Ltd) - Conversion
6% Convertible Debenture
2012-05-03$500000.00/sh−188,680$94,340,000,000→ 0 total(indirect: By Paulson Ranch)Exercise: $2.65From: 2009-05-04Exp: 2016-05-04→ Common Stock (188,680 underlying)
Footnotes (5)
- [F1]Purchase represents the conversion of 6% Convertible Debentures (the "Debenture"), due May 4, 2016, at a conversion price of $2.65/ea. The Debenture, in the amount of $500,000 has been held by Paulson Ranch, Ltd., since May 4, 2009. The total shares acquired include 2,915 shares related to the conversion of accrued interest and represents $7,727 of the total purchase price of $507,727
- [F2]Of the total shares reported, Paulson Ranch Ltd owns 592,001 and a total of 17,660 are owned individually by Mr. Paulson and his wife
- [F3]Shares are held for the account of Paulson Ranch, of which Mr. Paulson has sole voting power and disclaims beneficial ownership
- [F4]Exercise of 500 Stock Options granted under the TOR Minerals Option Plan on May 13, 2002 at an exercise price of $5.75/ea.
- [F5]Of the total shares reported, Paulson Ranch Ltd own 592,001 and Mr. Paulson and his wife individually own 18,150
Documents
Issuer
TOR MINERALS INTERNATIONAL INC
CIK 0000842295
Entity typeother
Related Parties
1- filerCIK 0001268229
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 5:07 PM ET
- Size
- 12.2 KB