BEARD CO /OK 4
4 · BEARD CO /OK · Filed Oct 28, 2009
Insider Transaction Report
Form 4
BEARD CO /OKBRCO
Dillingham Donald L
Director
Transactions
- Exercise/Conversion
Common Stock
2009-10-26$1.00/sh+14,448$14,448→ 35,118 total - Exercise/Conversion
Warrants (Right to Buy)
2009-10-26−14,040→ 0 totalExercise: $1.00From: 2005-01-25Exp: 2010-01-25→ Common Stock (14,040 underlying) - Exercise/Conversion
Warrants (Right to Buy)
2009-10-26−408→ 14,040 totalExercise: $1.00From: 2005-01-14Exp: 2010-01-14→ Common Stock (408 underlying)
Footnotes (2)
- [F1]Warrants were issued to the reporting person as part of a 4% commission paid in warrants for the placement of $51,000 of The Beard Company's 12% convertible subordinated notes due February 15, 2010 (the "Notes") which were issued in December 2004. The reporting person received 20%, or 408 warrants, of the total 2,040 warrants issued as commission for the placement of the $51,000 of Notes.
- [F2]Warrants were issued to the reporting person as part of a 4% commission paid in warrants for the placement of $1,755,000 of Notes, which were issued in January 2005. The reporting person received 20%, or 14,040 warrants, of the total 70,200 warrants issued as commission for the placement of the $1,755,000 of Notes.