PAUKEN THOMAS W 4
4 · TOR MINERALS INTERNATIONAL INC · Filed May 3, 2012
Insider Transaction Report
Form 4
PAUKEN THOMAS W
Director
Transactions
- Conversion
6% Convertible Debenture
2012-05-03$50000.00/sh−18,868$943,400,000→ 0 total(indirect: By Spouse)Exercise: $2.65From: 2009-05-04Exp: 2016-05-04→ Common Stock (18,868 underlying) - Purchase
Common Stock
2012-05-03$2875.00/sh+500$1,437,500→ 48,301 total(indirect: By Spouse) - Exercise of In-Money
Optoin 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$50774.00/sh+19,160$972,829,840→ 47,801 total(indirect: By Spouse)
Footnotes (4)
- [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 $50,000, was held by both Mr. Pauken and his wife since May 4, 2009. The total shares acquired include 292 shares related to the conversion of accrued interest on the Debenture and represents $774 of the total purchase price of $50,774
- [F2]Beneficial ownership consist of 28,043 shares owned directly by Mr. Pauken, 11,020 owned by his spouse and 8,738 owned by TWP, Inc
- [F3]Exercise of 500 options granted 5/13/2002 under the TOR Minerals Option Plan at an exercise price of $5.75/ea.
- [F4]Beneficial ownership includes 28,543 shares directly owned, 11,020 owned by spouse and 8,738 owned by TWP, Inc.