DAVIS STEVEN D 4
4 · Williams Industrial Services Group Inc. · Filed Mar 9, 2020
Insider Transaction Report
Form 4
DAVIS STEVEN D
Director
Transactions
- Exercise/Conversion
Common Stock, $0.01 par value per share
2020-03-05$1.30/sh+5,376$6,989→ 24,403 total - Exercise/Conversion
Subscription Rights (right to buy)
2020-03-05−19,027→ 0 totalExercise: $1.30From: 2020-02-12→ Common Stock (5,376 underlying)
Footnotes (4)
- [F1]Represents shares of the issuer's common stock, par value $0.01 per share ("Common Stock"), acquired by the reporting person following the exercise of his basic subscription rights in connection with the issuer's rights offering to holders of Common Stock, as described in the issuer's prospectus dated February 12, 2020 (the "Rights Offering"). Each holder of Common Stock of record as of February 12, 2020 received one right for each share of Common Stock, and each right entitled the holder of Common Stock to purchase 0.28255024 shares of Common Stock at the subscription price of $1.30 per whole share.
- [F2]Represents the reporting person's exercise of basic subscription rights pursuant to the Rights Offering described in footnote 1.
- [F3]Represents exercise price per whole share of Common Stock.
- [F4]The Rights Offering expired on March 2, 2020, and final determination of the pro rata allocation for each exercising holder was determined on March 5, 2020.