EMERGENT GROUP INC/NY 4
4 · EMERGENT GROUP INC/NY · Filed Aug 28, 2003
Insider Transaction Report
Form 4
YUN DANIEL
Director10% Owner
Transactions
- Conversion
Common Stock
2003-08-29$0.40/sh+505,000$202,000→ 791,709 total - Conversion
Promissory Notes
2003-08-29−500,000→ 93 totalExercise: $0.40From: 2003-08-29Exp: 2003-12-31→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]In June 2003, Mr. Yun 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 share and per share amounts herein have been given retroactive effect for the reverse stock split. Of the 505,000 shares, 500,000 shares represents conversion of principal and 5,000 shares represents conversion of accrued interest.
- [F2]Includes 30,834 shares owned by Emergent Capital LP and 17,500 shares gifted to 17 persons
- [F3]Represents options to purchase 93 shares