PENN OCTANE CORP 4
4 · PENN OCTANE CORP · Filed Aug 17, 2005
Insider Transaction Report
Form 4
PENN OCTANE CORPPOCC
MURPHY EMMETT M
Director
Transactions
- Purchase
Common Stock
2004-10-26$0.95/sh+5,000$4,750→ 66,700 total
Holdings
- 61,700
Common Stock
- 85,000
Purchase Warrants
Exercise: $1.50From: 2005-03-09Exp: 2010-03-09→ Common Stock (85,000 underlying) - 20,000
Purchase Warrants
Exercise: $1.35From: 2001-11-16Exp: 2006-11-15→ Common Stock (20,000 underlying) - 1,115,500(indirect: Paradigm Capital / Apogee Fund)
Common Stock
- 10,000
Purchase Warrants
Exercise: $1.35From: 2001-11-16Exp: 2006-11-15→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]The reporting person is the President of Paradigm Capital Corporation, a Texas Corporation, which in turn is the sole general partner of The Apogee Fund, L.P., a Delaware Limited Partnership. All of the referenced securities are owned of record by the Apogee Fund, and beneficial ownership of such securities is attributable to the Reporting Person and Paradigm Capital solely by reason of their shared voting and disposition power with respect to assets of The Apogee Fund. The Reporting Person disclaims beneficial ownership of the shares reported, except any shares attributable to him by virtue of his ownership interest in Paradigm Capital and Paradigm Capital's general partner interest in The Apogee Fund.
- [F2]The exercise prices for all outstanding warrants to purchase common stock were adjusted in connection with a pro-rata distribution on September 30, 2004, of all limited partner interests of Rio Vista Energy Partners L.P., a former subsidiary of Penn Octane Corporation, to all stockholders of Penn Octane Corporation.
- [F3]The purchase warrants vest in equal monthly installments over a one year period from date of issuance.