KING KAROL 4
4 · SOUTHWEST IOWA RENEWABLE ENERGY, LLC · Filed May 15, 2012
Insider Transaction Report
Form 4
KING KAROL
Director
Transactions
- Purchase
7.5% Convertible Subordinated Term Notes due 2014
2012-05-11$105000.00/sh+35$3,675,000→ 35 totalExercise: $0.00Exp: 2014-08-14→ Series A Units (35 underlying)
Footnotes (3)
- [F1]Holders of the Notes may convert them into the Series A Units at a conversion ratio of one Series A Unit issued for every $3,000 of Note principal (including interest paid-in-kind that is capitalized and added to the outstanding principal balance and accrued unpaid interest) converted, subject to adjustment and provided a minimum of $15,000 of Note principal amount is so converted.
- [F2]Any conversion must be effected by the holder on January 31 or July 31 of each year.
- [F3]Represents the aggregate amount of the Note consisting of $3,000 integral amounts.