Beard Robert W 4
4 · SMF ENERGY CORP · Filed Jul 1, 2009
Insider Transaction Report
Form 4
SMF ENERGY CORPFUEL
Beard Robert W
See Remarks
Transactions
- Other
Common Stock
2009-06-29$0.38/sh+14,907$5,665→ 22,345 total
Footnotes (1)
- [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 Exchange Agreements (the "Exchange Agreements") with the holders of its outstanding Series A, B and C Convertible Preferred Stock (the "Preferred Stock") pursuant to which the Company exchanged all of the outstanding shares of its Preferred Stock and all accrued and unpaid dividends thereon for shares of the Company's $0.01 par value common stock (the "Shares"). In accordance with the Exchange Agreements, on the Effective Date, the reporting person was issued 14,907 Shares. 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.