4//SEC Filing
Jacobi Abraham 4
Accession 0001144204-10-028981
CIK 0001268236other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 12:48 PM ET
Size
13.1 KB
Accession
0001144204-10-028981
Insider Transaction Report
Form 4
Jacobi Abraham
10% Owner
Transactions
- Other
Common Stock, par value $0.001
2010-05-09+659→ 16,760 total - Conversion
Common Stock, par value $0.001
2010-05-09+62,500→ 79,260 total - Other
Common Stock, par value $0.001
2009-12-31+1,523→ 14,580 total - Other
Common Stock, par value $0.001
2010-03-31+1,521→ 16,101 total - Conversion
Series A Cumulative Convertible Preferred Stock
2010-05-09−2,500→ 0 totalExercise: $4.00From: 2007-05-09Exp: 2010-05-09→ Common Stock (62,500 underlying)
Footnotes (6)
- [F1]The securities acquired were issued as dividends on the 2,500 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 December 31, 2009.
- [F3]Represents the aggregate number of shares of Common Stock accrued as dividends through March 31, 2010.
- [F4]Represents the aggregate number of shares of Common Stock accrued as dividends through May 9, 2010.
- [F5]Represents (i) an aggregate of 16,760 shares of Common Stock issued as dividends on the Preferred Stock through May 9, 2010, the date of automatic conversion, and (ii) 62,500 shares of Common Stock issued upon the automatic conversion of the Preferred Stock on May 9, 2010. See Note 1 above.
- [F6]The Preferred Stock was automatically converted into shares of Common Stock in accordance with the terms of the Preferred Stock.
Documents
Issuer
New Generation Biofuels Holdings, Inc
CIK 0001268236
Entity typeother
Related Parties
1- filerCIK 0001459305
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 12:48 PM ET
- Size
- 13.1 KB