PENN OCTANE CORP 4
4 · PENN OCTANE CORP · Filed Sep 19, 2007
Insider Transaction Report
Form 4
PENN OCTANE CORPPOCC
RICHTER JEROME B
10% Owner
Transactions
- Other
Common Stock
2007-09-18$1.43/sh+500,000$715,000→ 4,205,242 total
Holdings
- 37,850(indirect: By Spouse)
Common Stock
- 250,000
Purchase Warrants
Exercise: $1.50From: 2005-03-09Exp: 2010-03-09→ Common Stock (250,000 underlying)
Footnotes (2)
- [F1]The securities were transferred to the reporting person in lieu of foreclosure by the reporting person. The securities were previously pledged to the reporting person as collateral to secure a loan from the reporting person to the holder of the securities.
- [F2]The purchase warrants vest in equal monthly installments over a 3 year period from date of issuance.