INSTITUTIONAL FINANCIAL MARKETS, INC. 4
4 · INSTITUTIONAL FINANCIAL MARKETS, INC. · Filed Oct 19, 2015
Insider Transaction Report
Form 4
Ricciardi Christopher
President10% Owner
Transactions
- Disposition to Issuer
Common Stock, par value $0.001
2015-10-16$2.00/sh−487,291$974,582→ 0 total(indirect: By LLC) - Disposition to Issuer
Common Stock, par value $0.001
2015-10-16$2.00/sh−48,448$96,896→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock, par value $0.001
2015-10-16$2.00/sh−1,399,286$2,798,572→ 12,403 total
Footnotes (1)
- [F1]In connection with the termination of the Securities Purchase Agreement, dated as of May 9, 2013, by and among the Issuer, Mead Park Capital Partners LLC ("Mead Park LLC") and, solely for purposes of Section 6.3 thereof, Mead Park Holdings LP, and all rights thereunder and the mutual release of claims set forth in the Termination and Release Agreement, dated as of October 16, 2015, by and among the Issuer, the Reporting Person, Stephanie Ricciardi, The Ricciardi Family Foundation and Mead Park LLC, an aggregate of 2,000,000 shares of common stock, par value $0.001 per share, of Issuer (the "Common Stock") were transferred to the Issuer for an aggregate amount of $4 million. The Reporting Person had a pecuniary interest in 1,935,025 of such shares of Common Stock, as noted herein.