4//SEC Filing
HABER MICHELA I 4
Accession 0001013762-03-000386
CIK 0001021097other
Filed
Aug 27, 8:00 PM ET
Accepted
Aug 28, 6:09 PM ET
Size
10.8 KB
Accession
0001013762-03-000386
Insider Transaction Report
Form 4
HABER MICHELA I
10% Owner
Transactions
- Award
Rights
2003-08-05+306,060→ 306,060 total(indirect: By Trust)Exercise: $0.20From: 2003-08-04Exp: 2004-01-31→ Common Stock (306,060 underlying) - Conversion
Promissory Notes
2003-08-29−500,000→ 306,060 total(indirect: By Trust)Exercise: $0.40From: 2003-08-29Exp: 2003-12-31→ Common Stock (500,000 underlying) - Conversion
Common Stock
2003-08-29$0.40/sh+505,000$202,000→ 704,186 total(indirect: By Trust)
HABER JESSICA I TRUST
10% Owner
Transactions
- Award
Rights
2003-08-05+306,060→ 306,060 total(indirect: By Trust)Exercise: $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: By Trust) - Conversion
Promissory Notes
2003-08-29−500,000→ 306,060 total(indirect: By Trust)Exercise: $0.40From: 2003-08-29Exp: 2003-12-31→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]In June 2003, Mr. Haber, the husband of Michela I. 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 of her daughter's Trust.
- [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.
Documents
Issuer
EMERGENT GROUP INC/NY
CIK 0001021097
Entity typeother
Related Parties
1- filerCIK 0001219592
Filing Metadata
- Form type
- 4
- Filed
- Aug 27, 8:00 PM ET
- Accepted
- Aug 28, 6:09 PM ET
- Size
- 10.8 KB