4//SEC Filing
MALLETTE EUGENE 4
Accession 0001010412-09-000063
CIK 0001092807other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 4:00 PM ET
Size
9.9 KB
Accession
0001010412-09-000063
Insider Transaction Report
Form 4
ALPINE AIR EXPRESS INC/DEAPNX.OB
MALLETTE EUGENE
DirectorCEO10% Owner
Transactions
- Disposition to Issuer
Series A 6.5% Preferred Stock
2008-11-12$9.10/sh−140,000$1,274,560→ 860,000 total(indirect: See footnote)
Holdings
- 27,714,465
Common Stock
- 989,500(indirect: See Footnote)
Common Stock
- 45,000(indirect: See Footnote)
Common Stock
Footnotes (5)
- [F1]These 989,500 shares are held indirectly through the Mallette Family Trust.
- [F2]These 45,000 shares are held indirectly through the Mallette Children's Trust.
- [F3]Mallette Holdings, LLLP ("Mallette Holdings'") acquired 1,000,000 shares of Series A 6.5% Preferred Stock of Alpine Air Express, Inc. ("Alpine Air Express") at a stated value of $9.104 per share in exchange for 1,000,000 shares of Series A 6.5% Preferred Stock of Alpine Aviation, Inc ("Alpine Aviation"), a wholly-owned subsidiary of Alpine Air Express, which also had a stated value of $9.104 per share. The Alpine Air Express Series A 6.5% Preferred Stock is convertible at its stated value into common stock of Alpine Air Express on the closing market price on the principal public market for such common stock at the close of business on the day prior to the conversion date. On the date of the acquisition of these Series A 6.5% Preferred Stock of Alpine Air Express, the aggregate stated value was $9,104,000.
- [F4]During 2008, the following shares of this class of Series A 6.5% Preferred Stock were redeemed by Alpine Air Express at the stated value of $9.104 per share and for an aggregate total of $1,274,560: 40,000 shares on February 2, 2008; 40,000 shares on May 15, 2008; 40,000 shares on Auguust 14, 2008; and 20,000 shares on November 12, 2008. Upon this redemption, the remaining aggregate stated value of the outstanding shares of this class of Series A 6.5% Preferred Stock was $7,829,440 and if converted at the current market value of the Alpine Air Express shares of common stock on its principal market of the OTCBB on the date hereof, which is $0.19, these shares would be convertible into 41,207,579 shares.
- [F5]The number of shares beneficially owned can increase or decrease depending on the closing market price of the Alpine Air Express common stock on the given day prior to conversion. Mr. Mallette owns 25.75% of the beneficial interest in Mallette Holdings.
Documents
Issuer
ALPINE AIR EXPRESS INC/DE
CIK 0001092807
Entity typeother
Related Parties
1- filerCIK 0001160802
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 4:00 PM ET
- Size
- 9.9 KB