LGL GROUP INC 4
4 · LGL GROUP INC · Filed Aug 8, 2013
Insider Transaction Report
Form 4
Anderson Greg P.
President and CEO
Transactions
- Other
Common Stock Warrants (right to purchase)
2013-08-06+68,205→ 68,205 totalExercise: $7.50Exp: 2018-08-06→ Common Stock, par value $0.01 per share (2,728 underlying)
Footnotes (2)
- [F1]1. On August 6, 2013, holders of the Issuer's Common Stock, par value $0.01per share (the "Common Stock"), received a dividend of five Common Stock Warrants (the "Warrants") for each share of Common Stock held by such holder as of July 29, 2013. When exercisable, 25 Warrants will entitle their holder to purchase one share of Common Stock at an exercise price of $7.50 per share, as may be adjusted in accordance with the terms of the Warrants.
- [F2]2. The Warrants become exercisable on the earlier of (i) August 6, 2018, and (ii) such date that the 30-day volume weighted average price per share, or VWAP, of the Common Stock is greater than or equal to $15.00. Any unexercised Warrants will expire at 5:00 p.m., Eastern Time, on August 6, 2018.