BJH MANAGEMENT LLC 4
4 · EMERGENT GROUP INC/NY · Filed Aug 28, 2003
Insider Transaction Report
Form 4
HABER BRUCE J
DirectorChief Executive Officer10% Owner
Transactions
- Conversion
Promissory Notes
2003-08-29−500,000→ 306,060 totalExercise: $0.40From: 2003-08-29Exp: 2003-12-31→ Common Stock (500,000 underlying) - Award
Rights
2003-08-05+306,060→ 306,060 totalExercise: $0.20From: 2003-08-04Exp: 2004-01-31→ Common Stock (306,060 underlying) - Conversion
Common Stock
2003-08-29$0.40/sh+505,000$202,000→ 704,186 total(indirect: Direct/Indirect)
Footnotes (3)
- [F1]In June 2003, Mr. Haber purchased promissory notes from the Issuer in the principal amount of $200,000. The notes automatically converted on the August 29, 2003 effective date of a one-for-40 reverse stock split. All shares and per share amounts herein have been given retroactive effect to the reverse stock split. Of the 505,000 shares, 500,000 shares represent conversion of principal and 5,000 shares represent conversion of interest.
- [F2]505,000 shares are directly owned by Bruce Haber and the balance are directly owned by the Jessica L. Haber Trust in which Michela Haber is Trustee. Michela Haber is the wife of Bruce J. Haber.
- [F3]These rights were granted to BJH Management LLC (which is owned by Mr. Haber), upon receipt of stockholder approval of the reverse stock split and shall become immediately exercisable through the expiration date of January 31 2004. These rights may have been prematurely reported in the reporting person's June 2003 Form 4.