HEATH CHARLES E 4
4 · TORTOISE MLP FUND, INC. · Filed Jul 3, 2018
Insider Transaction Report
Form 4
HEATH CHARLES E
Director
Transactions
- Exercise of In-Money
Transferable Subscription Rights (Right to Buy)
2018-07-02−1,500→ 2,000 total(indirect: By Trust)From: 2018-06-19Exp: 2018-07-18→ Common Stock (500 underlying) - Sale
Transferable Subscription Rights (Right to Buy)
2018-07-02$0.29/sh−2,000$580→ 0 total(indirect: By Trust)From: 2018-06-19Exp: 2018-07-18→ Common Stock (667 underlying) - Exercise of In-Money
Common Stock
2018-07-02+500→ 4,000 total(indirect: By Trust)
Footnotes (2)
- [F1]On June 7, 2018, Tortoise MLP Fund, Inc. (the "Fund") announced the terms of a pro rata offering of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of June 19, 2018 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 15,802,094 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held; however, any Record Date Stockholder who owns fewer than three common shares as of the Record Date will be entitled to subscribe for one common share. The subscription price per common share is an estimated $16.54 (the "basic subscription privilege").
- [F2]The reporting person exercised a portion of his basic subscription privilege and sold the remaining Rights. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on July 18, 2018 (unless otherwise extended).