Beard Robert W 4
4 · SMF ENERGY CORP · Filed Jun 5, 2009
Insider Transaction Report
Form 4
SMF ENERGY CORPFUEL
Beard Robert W
See Remarks
Transactions
- Other
Common Stock
2009-06-03$0.23/sh+1,438$331→ 7,438 total
Footnotes (1)
- [F1]On May 5, 2009, SMF Energy Corporation (the "Company") accepted a series of Payment in Kind Agreements (the "PIK Agreements") effective as of April 27, 2009, tendered by each of the various stockholders (the "Preferred Stockholders") of the Company's Series A, B and C Convertible Preferred Stock. The PIK Agreements permit the Company to pay the cash dividends due to the Preferred Stockholders in unregistered shares of the Company's common stock (the "Shares"). In accordance with the PIK Agreements, on June 3, 2009, the reporting person was issued 1,438 Shares. The Shares were valued at $0.23 per share, the official closing price on the Nasdaq Stock Market on April 24, 2009, the trading day immediately preceding the effective date of the PIK Agreements.