BJH MANAGEMENT LLC 4
4 · EMERGENT GROUP INC/NY · Filed Oct 29, 2003
Insider Transaction Report
Form 4
HABER BRUCE J
DirectorChief Executive Officer10% Owner
Transactions
- Conversion
Common Stock
2003-10-27$0.20/sh+306,060$61,212→ 1,010,246 total - Conversion
Rights
2003-10-27−306,060→ 0 totalExercise: $0.20From: 2003-08-04Exp: 2004-01-31→ Common Stock (306,060 underlying)
Footnotes (3)
- [F1]The $.20 per share was not paid in cash. It represents the exercise price of certain rights described in Table II and the value of certain contractual rights that were waived by BJH Management in consideration of the payment of the option price.
- [F2]811,060 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 (August 29, 2003) and were exercisable through January 31 2004.