LESTER W HOWARD 4
4 · HAROLDS STORES INC · Filed Jan 3, 2006
Insider Transaction Report
Form 4
LESTER W HOWARD
Director10% Owner
Transactions
- Other
Series 2003-A Preferred Stock
2006-01-01+301→ 301 totalExercise: $0.83→ Common Stock (36,265 underlying) - Other
Series 2002-A Preferred Stock
2006-01-01+2,014→ 2,014 totalExercise: $0.83→ Common Stock (48,530 underlying)
Footnotes (2)
- [F1]In accordance with the terms of the 2002-A Preferred Stock, the Reporting person elected to receive the quarterly dividend paid on the 2002-A Preferred Stock in additional shares thereof. Each such share of 2002-A Preferred Stock so received has a stated value of $20 and is immediately convertible into the number of shares of Common Stock equal to such stated value divided by $.83. The 2002-A Preferred Stock is perpetual and does not have an expiration date, but it may be redeemed at the option of the Issuer at any time on or after August 2, 2005
- [F2]In accordance with the terms of the Amended Series 2003-A Preferred Stock, the holders of the existing 2003-A Preferred Stock (including the Report Person) received, pro rata, additional shares thereof as a quarterly dividend. Each such share of 2003-A Preferred Stock so received has a stated value of $100 and is immediately convertible into the number of shares of Common Stock equal to such stated value divided by $.83. The 2003-A Preferred Stock is perpetual and does not have an expiration date, but it may be redeemed at the option of the Issuer at any time on or after February 5, 2006.