4//SEC Filing
OCONNOR C RODNEY 4
Accession 0001144204-09-035597
CIK 0001024452other
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 9:30 PM ET
Size
9.1 KB
Accession
0001144204-09-035597
Insider Transaction Report
Form 4
SMF ENERGY CORPFUEL
OCONNOR C RODNEY
Director
Transactions
- Other
Common Stock
2009-06-29$0.38/sh+26,754$10,167→ 1,135,372 total - Other
Series D Convertible Preferred Stock
2009-06-29$400.00/sh+312$124,800→ 312 totalExercise: $0.40From: 2009-06-29→ Common Stock (312,500 underlying)
Footnotes (3)
- [F1]On June 29, 2009 (the "Effective Date"), SMF Energy Corporation (the "Company") accepted a series of agreements pursuant to which it restructured its outstanding debt and equity capital (the "Recapitalization"). As part of the Recapitalization, the Company entered into a Payment and Exchange Agreement (the "Agreement") with the reporting person pursuant to which it (a) paid down 50% of the principal balance of the reporting person's September 2008 Unsecured Convertible Promissory Note (the "Existing Unsecured Note"), (b) exchanged the remaining principal balance thereof for shares of a new dividend-bearing $0.01 par value Series D Convertible Preferred Stock (" Series D Preferred") and (c) exchanged the accrued but unpaid interest on the Existing Unsecured Note for shares of Company's $0.01 par value Common Stock ("Shares").
- [F2]In accordance with the Agreement, on the Effective Date, the reporting person was issued 26,754 Shares and 312 shares of Series D Preferred. The Shares were valued at $0.38 per share, which is equal to or greater than the closing bid price of the Company's common stock on the Nasdaq Capital Market on the day immediately preceding the Effective Date. The shares of Series D Preferred were valued at $400 per share. Each share of Series D Preferred is convertible into 1,000 shares of the Company's common stock at a price per share of $0.40 per share, $0.02 above the closing price of the Company's common stock on the Effective Date.
- [F3]The Series D Preferred has no expiration date.
Documents
Issuer
SMF ENERGY CORP
CIK 0001024452
Entity typeother
Related Parties
1- filerCIK 0001208997
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 9:30 PM ET
- Size
- 9.1 KB