4//SEC Filing
BRANDT LARRY J 4
Accession 0001006424-11-000006
CIK 0001006424other
Filed
Jun 23, 8:00 PM ET
Accepted
Jun 24, 12:20 PM ET
Size
21.0 KB
Accession
0001006424-11-000006
Insider Transaction Report
Form 4
BRANDT LARRY J
DirectorChief Executive Officer
Transactions
- Exercise of In-Money
Common Stock
2011-06-21$3.00/sh+15,708$47,124→ 20,944 total(indirect: By Spouse) - Exercise of In-Money
Subscription Rights (rights to buy)
2011-06-21−2,700→ 0 total(indirect: By 401(k))Exercise: $3.00From: 2011-05-11Exp: 2011-06-21→ Common Stock (8,100 underlying) - Exercise of In-Money
Subscription Rights (rights to buy)
2011-06-21−37,848→ 0 totalExercise: $3.00From: 2011-05-11Exp: 2011-06-21→ Common Stock (113,540 underlying) - Exercise of In-Money
Common Stock
2011-06-21$3.00/sh+113,540$340,620→ 156,970 total - Exercise of In-Money
Common Stock
2011-06-21$3.00/sh+31,500$94,500→ 66,717 total(indirect: By Spouse) - Exercise of In-Money
Subscription Rights (rights to buy)
2011-06-21−10,500→ 0 total(indirect: By Spouse)Exercise: $3.00From: 2011-05-11Exp: 2011-06-21→ Common Stock (31,500 underlying) - Exercise of In-Money
Subscription Rights (rights to buy)
2011-06-21−5,236→ 0 total(indirect: By Spouse)Exercise: $3.00From: 2011-05-11Exp: 2011-06-21→ Common Stock (15,708 underlying) - Exercise of In-Money
Common Stock
2011-06-21$3.00/sh+8,100$24,300→ 16,176 total(indirect: By 401(k))
Footnotes (4)
- [F1]Shares were purchased by exercising non-transferable subscription rights (Rights) of First Federal Bancshares of Arkansas, Inc. (Company) pursuant to the rights offering (Rights Offering) commenced on 5/11/11. Shareholders (S/H) who held shares of the Company's common stock as of 3/23/11 (Record Date) received 1 Right for each share of common stock, as adjusted to take into account the 1-for-5 reverse stock split effected on 5/3/11 (Reverse Split), owned on the Record Date. Each Right entitled S/H to purchase 3 shares of common stock at a subscription price of $3 per share. In addition, if a S/H timely & fully exercised its Rights with respect to all of the Rights it held & other Rights holders did not exercise their Rights in full, such S/H had an oversubscription privilege to subscribe for a portion of shares of common stock offered in the Rights Offering, subject to availability & allocation, that were not purchased by other Rights holders (Oversubscription Privilege).
- [F2]Acquisition does not reflect any shares subscribed for pursuant to the Oversubscription Privilege. If additional shares not purchased by other Rights holders are purchased by, or attributable to, the reporting person pursuant to the Oversubscription Privilege, such additional shares will be promptly reported in an amendment to this beneficial ownership report.
- [F3]All shares have been adjusted to reflect the Reverse Split.
- [F4]The reporting persons spouse is a co-trustee and potential beneficiary of a testamentary trust that owns 600 shares of Common Stock. The reporting persons spouse became a co-trustee of the trust and obtained a pecuniary interest in the reporting securities prior to the date of this filing, and such event was not previously reported. To better comply with SEC interpretative guidance, the number of indirect holdings reported in this beneficial ownership report includes the securities held by the trust. The reporting persons spouse may not dispose of or vote the trusts shares of Common Stock without the consent of the other co-trustee. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his spouses pecuniary interest therein.
Documents
Issuer
FIRST FEDERAL BANCSHARES OF ARKANSAS INC
CIK 0001006424
Entity typeother
Related Parties
1- filerCIK 0001189858
Filing Metadata
- Form type
- 4
- Filed
- Jun 23, 8:00 PM ET
- Accepted
- Jun 24, 12:20 PM ET
- Size
- 21.0 KB