Watts John F 4
4 · NEWBRIDGE BANCORP · Filed Dec 26, 2012
Insider Transaction Report
Form 4
Watts John F
DirectorOther
Transactions
- Purchase
Common Stock
2012-12-21$4.58/sh+425$1,945→ 44,283 total(indirect: By Trust)
Holdings
- 165(indirect: By Trust)
Series B Preferred Stock
Exercise: $4.40→ Common Stock (3,750 underlying) - 7,211
Common Stock
- 68(indirect: By Trust)
Common Stock
- 639(indirect: By Trust)
Common Stock
- 1,900(indirect: By IRA)
Common Stock
- 880
Series B Preferred Stock
Exercise: $4.40→ Common Stock (20,000 underlying)
Footnotes (4)
- [F1]Series B Mandatorily Convertible Adjustable Rate Cumulative Perpetual Preferred Stock
- [F2]Subject to shareholder approval of the conversion and certain related matters, each share of Series B Preferred Stock, having a liquidation preference of $100 per share, will convert into approximately 22.73 shares of common stock, i.e. $100/$4.40.
- [F3]The Series B Preferred Stock is convertible into common stock upon shareholder approval of the conversion and certain related matters, in accordance with the Articles of Amendment to the Company's Articles of Incorporation.
- [F4]The Series B Preferred Stock is perpetual, and thus has no expiration date.