AMERITRANS CAPITAL CORP 4
4 · AMERITRANS CAPITAL CORP · Filed Jun 15, 2005
Insider Transaction Report
Form 4
SOMMER HOWARD F
Director
Transactions
- Other
Non-Employee Director Stock Option
2005-01-12−5,556→ 0 totalExercise: $9.00From: 2000-01-12Exp: 2005-01-12→ Common stock, $.0001 par value (5,556 underlying) - Other
Non-Employee Director Stock Options
2005-01-12+8,000→ 8,000 totalExercise: $6.25From: 2005-01-12Exp: 2010-01-12→ Common stock, $.0001 par value (8,000 underlying)
Footnotes (2)
- [F1]Mr. Sommer unintentionally failed to file a Form 4 for the automatic cancellation and regrant of stock options on January 12,2005 pursuant to the interpretation of the Non-Employee Director Stock Option Plan by the disinterested members of the Board dated as of August 16, 2004. The mistake was made in good faith and the grant hass been duly disclosed by Ameritrans Capital Corporation pursuant to federal securities laws.
- [F2]The cancellation and automatice regrant of stock options on January 12, 2005 was a single transaction. It is reported here as separate transactions in order to more fully disclose the details of the transaction.