4//SEC Filing
Kien Huat Realty III Ltd 4
Accession 0000903423-19-000251
CIK 0000906780other
Filed
Jun 17, 8:00 PM ET
Accepted
Jun 18, 4:33 PM ET
Size
8.5 KB
Accession
0000903423-19-000251
Insider Transaction Report
Form 4
Lim Kok Thay
10% Owner
Transactions
- Purchase
Series F Convertible Preferred Stock
2019-06-17$100000.00/sh+150$15,000,000→ 740 totalExercise: $20.00From: 2019-06-17Exp: 2038-12-31→ Common Stock (750,000 underlying)
Kien Huat Realty III Ltd
10% Owner
Transactions
- Purchase
Series F Convertible Preferred Stock
2019-06-17$100000.00/sh+150$15,000,000→ 740 totalExercise: $20.00From: 2019-06-17Exp: 2038-12-31→ Common Stock (750,000 underlying)
Footnotes (3)
- [F1]At any time prior to December 31, 2038 (the "Maturity Date"), the Series F Preferred Stock (the "Preferred Stock") is convertible in whole or in part, at the option of the holder of the Preferred Stock, into shares of common stock, par value $.01 per share ("Common Stock"), in such amount equal to $100,000 (the "Stated Value") divided by $20.00 (the "Conversion Price") multiplied by the number of shares of Preferred Stock being converted. The conversion price is subject to certain customary adjustments.
- [F2]If the holder of Preferred Stock has not given notice of conversion prior to the Maturity Date, each share of Preferred Stock that is outstanding on the Maturity Date shall automatically be converted into that number of shares of Common Stock determined by dividing the Stated Value by the 90-day volume-weighted average price for a share of Common Stock for the period ending the day immediately prior to the Maturity Date.
- [F3]Kien Huat shall also be entitled to vote on all matters submitted to the vote of the holders of Common Stock on an as-converted basis and not as a separate class, except as required by law.
Documents
Issuer
EMPIRE RESORTS INC
CIK 0000906780
Entity typeother
IncorporatedXX
Related Parties
1- filerCIK 0001470324
Filing Metadata
- Form type
- 4
- Filed
- Jun 17, 8:00 PM ET
- Accepted
- Jun 18, 4:33 PM ET
- Size
- 8.5 KB