Smith Stephen C 4
4 · HUDSON HOLDING CORP · Filed Nov 23, 2009
Insider Transaction Report
Form 4
Meagher Michael J
10% Owner
Transactions
- Purchase
Common Stock, par value $0.001
2009-11-12$0.25/sh+4,000,000$1,000,000→ 12,000,000 total(indirect: By certain limited liability companies)
Holdings
- 50,000(indirect: By employee benefit plan)
Common Stock, par value $0.001
Footnotes (3)
- [F1]Pursuant to a Securities Purchase Agreement dated October 14, 2009, on November 12, 2009, Seaport Hudson LLC, a Delaware limited liability company, acquired 4,000,000 shares of common stock, par value $0.001 per share (the "Shares"), of Hudson Holding Corporation (the "Company") at a purchase price of $0.25 per Share, for an aggregate purchase price of $1,000,000.
- [F2]Seaport Hudson LLC is a wholly owned subsidiary of Seaport V LLC, a Minnesota limited liability company, which itself is a wholly owned subsidiary of The Seaport Group LLC, a Delaware limited liability company. Michael J. Meagher and Stephen C. Smith are the sole members of The Seaport Group LLC. As a result, Mr. Meagher and Mr. Smith possess shared power to vote and shared power to direct the disposition of all securities of the Company held by Seaport Hudson LLC. Mr. Meagher's and Mr. Smith's interest in the Shares held by Seaport Hudson LLC is limited to the extent of their pecuniary interest in Seaport Hudson LLC, if any.
- [F3]The Seaport Group, LLC Profit Sharing Plan (the "Plan"), an employee benefit plan, holds 50,000 Shares. Mr. Meagher and Mr. Smith as trustees of the Plan possess shared power to vote and shared power to direct the disposition of all securities of the Company held by the Plan. Mr. Meagher's and Mr. Smith's interest in the Shares held by the Plan is limited to the extent of their pecuniary interest in the Plan, if any.