BILSTEIN RICHARD 4/A
4/A · NEDAK ETHANOL, LLC · Filed Feb 16, 2012
Insider Transaction Report
Form 4/AAmended
BILSTEIN RICHARD
DirectorVice Chairman of the Board
Transactions
- Other
Class A Preferred Membership Units
2011-12-31$800.00/sh+12.3$9,840→ 19.5 total - Purchase
Class B Preferred Membership Units
2011-12-31+4→ 4 totalExercise: $0.00From: 2011-12-31Exp: 2021-12-31→ Common Units (48 underlying)
Footnotes (3)
- [F1]Units issued in connection with the conversion of an outstanding payable due to the reporting person by the Company.
- [F2]The Reporting person purchased the Class B Preferred Membership Units pursuant to a private placement conducted by the Company. The purchase price for each Class B Preferred Membership Units was $10,000. Pursuant to the terms of the Fifth Amended and Restated Operating Agreement, as amended, each Class B Preferred Membership Unit is convertible, at the holder's option, into twelve Common Membership Units. If the Class B Preferred Membership Units are not converted prior to the tenth anniversary of the issue date, pursuant to the terms of the Fifth Amended and Restated Operating Agreement, as amended, the Class B Preferred Membership Units shall be redeemed by the Company upon the tenth anniversary of the issue date or the Company may require the conversion of the Class B Preferred Membership Units into Common Membership Units in lieu of such redemption.
- [F3]Assumes conversion of the Class B Preferred Membership Units into Common Units at the twelve to one conversion rate.