4//SEC Filing
Waddock Nicholas John III 4
Accession 0001140361-09-024347
CIK 0000314489other
Filed
Nov 1, 7:00 PM ET
Accepted
Nov 2, 5:29 PM ET
Size
6.4 KB
Accession
0001140361-09-024347
Insider Transaction Report
Form 4
Waddock Nicholas John III
EVP, Chief Credit Officer
Transactions
- Purchase
Series A Convertible Preferred Stock
2009-10-29$100000.00/sh+0.75$75,000→ 0.75 total→ Common
Footnotes (1)
- [F1]On October 29, 2009, the reporting person purchased .75 shares of Series A Convertible Preferred Stock ("Preferred Stock") from the Company. The Preferred Stock is perpetual and each share has a liquidation preference of $100,000. The Preferred Stock is mandatorily convertible into shares of common stock at a conversion price of $4.00. The shares of Preferred Stock will convert automatically following Stockholder approval of the conversion. The Company is holding a Special Meeting of Stockholders on December 2, 2009 for that purpose. Therefore, if Stockholder approval is received at the Special Meeting, the reporting person will receive 18,750 shares of common stock upon the conversion of the Preferred Stock.
Documents
Issuer
FIRST BUSEY CORP /NV/
CIK 0000314489
Entity typeother
Related Parties
1- filerCIK 0001408732
Filing Metadata
- Form type
- 4
- Filed
- Nov 1, 7:00 PM ET
- Accepted
- Nov 2, 5:29 PM ET
- Size
- 6.4 KB