Jacobi Abraham 4
4 · New Generation Biofuels Holdings, Inc · Filed Oct 2, 2009
Insider Transaction Report
Form 4
Jacobi Abraham
10% Owner
Transactions
- Other
Common Stock, par value $0.001
2009-09-30+1,494→ 13,057 total - Other
Common Stock, par value $0.001
2009-06-30+1,449→ 11,563 total
Footnotes (3)
- [F1]The securities acquired were issued as dividends on the 62,500 shares of the issuer's Series A Cumulative Convertible Preferred Stock ("Preferred Stock") owned by the reporting person. Each such share accrues cumulative dividends on a quarterly basis at a rate of 8% per annum for three years. All dividends will be paid in shares of the issuer's Common Stock having a fair market value at the time of issuance equal to the amount of dividends to be paid. Any shares of Preferred Stock outstanding on May 9, 2010 automatically convert into a number of shares of Common Stock determined by dividing the liquidation preference by the conversion rate of the Preferred Stock then in effect.
- [F2]Represents the aggregate number of shares of Common Stock accrued as dividends through June 30, 2009.
- [F3]Represents the aggregate number of shares of Common Stock accrued as dividends through September 30, 2009.