Marinello Leonard 5
5 · Sun American Bancorp · Filed Apr 16, 2009
Insider Transaction Report
Form 5
Marinello Leonard
Director
Transactions
- Purchase
Series A Non-Cumulative Perpetual Preferred Stock
2008-10-07$4.00/sh+25,000$100,000→ 25,000 total - Purchase
Class H Warrant (right to buy)
2008-10-07+25,000→ 25,000 totalExercise: $2.50From: 2008-10-07Exp: 2012-10-07→ Common Stock (40,000 underlying)
Footnotes (3)
- [F1]The securities are held jointly by the reporting person and his spouse.
- [F2]Each four-year Class H Common Stock Purchase Warrant is exercisable for the purchase of 1.6 shares of common stock of the Issuer.
- [F3]The warrants were purchased as part of a unit, each unit consisting of one share of Series A Non-Cumulative Perpetual Preferred Stock and one four-year Class H Common Stock Purchase Warrant. The purchase price of each unit was $4.00.