Herbst Suzi R 4
4 · HC2 HOLDINGS, INC. · Filed Nov 24, 2020
Insider Transaction Report
Form 4
Herbst Suzi R
Chief Administrative Officer
Transactions
- Exercise of In-Money
Common Stock
2020-11-20$2.27/sh+10,377$23,556→ 101,627 total - Exercise of In-Money
Common Stock
2020-11-20$2.27/sh+3,276$7,437→ 9,276 total(indirect: By Trust) - Exercise of In-Money
Subscription Rights (right to buy)
2020-11-20−19,000→ 0 totalExercise: $2.27From: 2020-09-09Exp: 2020-11-20→ Common Stock (10,377 underlying) - Exercise of In-Money
Subscription Rights (right to buy)
2020-11-20−6,000→ 0 total(indirect: By Trust)Exercise: $2.27From: 2020-09-09Exp: 2020-11-20→ Common Stock (3,276 underlying)
Footnotes (3)
- [F1]These shares were directly acquired by the reporting person as a result of the exercise of subscription rights which were issued to the reporting person in the Issuer's rights offering.
- [F2]The shares of common stock reported herein are held in two trusts, each trust for the benefit of one of the Reporting Person's children. The Reporting Person's spouse serves as trustee for each trust. The Reporting Person disclaims beneficial ownership of all securities held by such trusts except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F3]Every one (1) subscription right entitles the reporting person to purchase 0.5462 shares of the Issuer's common stock at a subscription price per full share of $2.27.