KINGSWAY FINANCIAL SERVICES INC 4
4 · KINGSWAY FINANCIAL SERVICES INC · Filed Apr 11, 2016
Insider Transaction Report
Form 4
Schaevitz Gary
Director
Transactions
- Exercise of In-Money
Series A Warrant
2014-08-28$4.00/sh+2,000$8,000→ 0 totalExercise: $4.50From: 2014-08-18Exp: 2020-09-15→ Common Stock (2,000 underlying) - Exercise of In-Money
Common Stock
2014-08-28$4.50/sh+2,000$9,000→ 314,110 total
Footnotes (4)
- [F1]The Series A warrants were excercised at a strike price of $4.50 per warrant, which converted the previously held Series A warrants into common stock.
- [F2]Gary Schaevitz directly owns shares of common stock (158,344 shares), and indirectly by spouse (52,5000 shares), by trust for children (86,266), and by family members (17,000 shares).
- [F3]The original date exercisable was 09/16/2016, which was accelerated upon the issuer's notice to redeem the Series A Warrants on 08/18/2014.
- [F4]The Series A Warrants were originally acquired in the issuer's rights offering, whereby a Unit was issued at a price of $4.00 per unit. Each Unit comprises of one common stock, one Series A Warrant, and one Series B Warrant.