HALLOCK ALLAN R 4
4 · BEARD CO /OK · Filed Jul 15, 2005
Insider Transaction Report
Form 4
BEARD CO /OKBRCO
HALLOCK ALLAN R
Director
Transactions
- Other
12% Convertible Subordinated Notes
2005-07-15$2.25/sh+44,444$99,999→ 44,444 total(indirect: By Trust)
Holdings
- 60,000(indirect: By Trust)
12% Convertible Subordinated Notes
- 286,874(indirect: By Trust)
Common Stock, $.0006665 par value
- 3,750(indirect: By IRA)
Common Stock, $.0006665 par value
- 35,346.996
2003-2 Deferred Stock Comp. Units
Exercise: $0.00→ Common Stock, $.0006665 par value (35,346.996 underlying)
Footnotes (3)
- [F1]On July 15, 2005, Allan R. Hallock Trust purchased $100,000 of the Company's 12% Convertible Subordinated Notes due August, 2009. The Notes are convertible into shares of the Company's common stock at the conversion price of $2.25 per share.
- [F2]On January 14, 2005 the 9% Convertible Subordinated Notes were exchanged for 12% Convertible Subordinated Notes due February, 2010. Like the 9% Convertible Subordinated Notes these 12% Notes are convertible into shares of the Company's common stock but at a reduced conversion price of $1.00 per share.
- [F3]These stock units were accrued under The Beard Company 2003-2 Deferred Stock Compensation Plan and are to be settled 100% in BRCO Common Stock upon the reporting person's termination of service or termination of the Plan. This type of security normally doesn't reflect the conversion or exercise price.