PLIMPTON FRANK 4
4 · NATIONAL HOLDINGS CORP · Filed Jul 14, 2010
Insider Transaction Report
Form 4
NATIONAL HOLDINGS CORPNHLD.OB
PLIMPTON FRANK
Director
Transactions
- Purchase
Warrants (right to purchase)
2010-07-12+1,005,205→ 1,005,205 totalExercise: $0.50→ Common Stock (1,005,205 underlying) - Purchase
Series C Preferred Stock
2010-07-12$50.00/sh+10,052$502,600→ 10,052 totalExercise: $0.50From: 2010-07-12→ Common Stock (1,005,205 underlying)
Footnotes (5)
- [F1]The shares of Series C Preferred Stock convert at a price equal to the Original Issue Price divided by the Conversion Price, as adjusted, which is initially $0.50 per share.
- [F2]The shares of Series C Preferred Stock do not expire.
- [F3]The Warrants vest 33% immediately and 33% on each of the first and second anniversaries of the date of grant.
- [F4]Each tranche of vested Warrants expire five years from the date of vesting.
- [F5]The shares of Series C Preferred Stock and Warrants were issued in connection with the conversion of a promissory note in the principal amount of $500,000, plus accrued interest.