4/A//SEC Filing
BORER TIMOTHY 4/A
Accession 0001140361-12-008991
CIK 0001337226other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 1:29 PM ET
Size
11.0 KB
Accession
0001140361-12-008991
Insider Transaction Report
Form 4/AAmended
BORER TIMOTHY
DirectorSecretary and Treasurer
Transactions
- Purchase
Class B Preferred Membership Units
2011-12-31+1→ 1 totalExercise: $0.00From: 2011-12-31Exp: 2021-12-31→ Common Units (12 underlying) - Other
Class A Preferred Membership Units
2011-12-31$800.00/sh+12$9,600→ 14 total - Purchase
Class B Preferred Membership Units
2011-12-31+3→ 4 total(indirect: By LLC)Exercise: $0.00From: 2011-12-31Exp: 2021-12-31→ Common Units (36 underlying)
Footnotes (4)
- [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.
- [F4]Reporting person owns 2.6% of Holt County Grain, LLC and controls another entity which owns 1.3% of Holt County Grain, LLC. Holt County Grain, LLC owns 770 Class B Preferred Membership Units, meaning the reporting person indirectly owns 3 Class B Preferred Membership Units.
Documents
Issuer
NEDAK ETHANOL, LLC
CIK 0001337226
Entity typeother
Related Parties
1- filerCIK 0001397271
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 1:29 PM ET
- Size
- 11.0 KB