SIMMONS TIMOTHY W 4

4 · SECURITY FEDERAL CORP · Filed Apr 22, 2020

Form 4

Period: 2020-02-14

DirectorPresident & CEO

Transactions

Conversion
Common Stock, par value $0.01 per share
2020-02-17$20.00/sh+50,000$1,000,000→ 324,246 total
Conversion
8% Convertible Senior Debentures
2020-02-17−50,000→ 0 total
Exercise: $20.00→ Common Stock (50,000 underlying)
Conversion
8% Convertible Senior Debentures
2020-02-14−25,000→ 0 total(indirect: By Spouse)
Exercise: $20.00→ Common Stock (25,000 underlying)
Conversion
Common Stock, par value $0.01 per share
2020-02-14$20.00/sh+25,000$500,000→ 79,598 total(indirect: By Spouse)

Holdings

Footnotes (5)

[F1]This represents the number of shares after the Reporting Person's spouse transferred 25,000 shares into the Reporting Person's Trust on February 26, 2020.
[F2]The represents the number of shares after the Reporting Person transferred 50,000 shares from his direct ownership into his Trust on February 26, 2020.
[F3]On February 14, 2020, the Reporting Person converted the 8% Convertible Subordinated Debenture into the Issuer's common stock.
[F4]The Debentures were convertible into the Issuer's common stock at any time prior to their redemption on March 2, 2020.
[F5]On February 17, 2020, the Reporting Person converted the 8% Convertible Subordinated Debenture into the Issuer's common stock.

Documents

1 file