4//SEC Filing
RABBANI SHAHRAM K 4
Accession 0000930413-09-003531
CIK 0000316253other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 5:28 PM ET
Size
7.0 KB
Accession
0000930413-09-003531
Insider Transaction Report
Form 4
RABBANI SHAHRAM K
DirectorTreasurer, Secretary
Transactions
- Other
Common Stock, par value $0.01
2009-07-01+82,645→ 1,539,392 total
Footnotes (3)
- [F1]On July 18, 2008, the Reporting Person exchanged 82,645 shares of common stock of the Issuer (the "Shares") in connection with the acquisition of certain real estate from a third-party. At such time, pursuant to a loan agreement dated July 18, 2008 (the "Loan Agreement") by and between the Reporting Person and such third-party (the "Borrower"), the Reporting Person loaned the Borrower $500,000, which was evidenced by a promissory note dated July 18, 2008 (the "Promissory Note") and secured by a pledge of the Shares pursuant to a stock pledge agreement dated July 18, 2008 (the "Pledge Agreement") by and between the Reporting Person, as pledge agent, the Borrower, and certain other parties named therein (the "Transaction"). Under the terms of the Transaction, the Shares were held in escrow by the Reporting Person, as pledge agent, and, upon a default under the terms of (CONTINUED IN FOOTNOTE 2)
- [F2]the Loan Agreement, the Reporting Person would be entitled, as pledge agent, to foreclose on the Shares under the Pledge Agreement. The Pledge Agreement provides that upon such foreclosure, the Reporting Person, as pledge agent, has the right to have the Shares transferred to him and registered in his name or in the name of his nominee. The Transaction was reported by the Reporting Person on a Form 4 filed with the Securities and Exchange Commission on July 22, 2008. On January 20, 2009, a notice of default was sent to the Borrower and the Reporting Person subsequently foreclosed on the Shares. On July 1, 2009, the Reporting Person exercised his right, as pledge agent, under the Pledge Agreement to have the Shares transferred to him and registered in his name, and the Shares were so transferred on such date. Accordingly, this Form 4 is being filed to report such transfer from the Borrower to the Reporting Person.
- [F3]Includes: (i) 1,671 shares of Common Stock that the Reporting Person holds as custodian for certain of his nephews; (ii) 1,354 shares of Common Stock held in the name of the Reporting Person's son and (iii) 7,995 shares of Common Stock held in the Company's 401(k) plan.
Documents
Issuer
ENZO BIOCHEM INC
CIK 0000316253
Entity typeother
Related Parties
1- filerCIK 0000901501
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 5:28 PM ET
- Size
- 7.0 KB