Navios Maritime Holdings Inc. 4
4 · Navios Maritime Holdings Inc. · Filed Jun 8, 2006
Insider Transaction Report
Form 4
NORTH SOUND CAPITAL LLC
10% Owner
Transactions
- Exercise of In-Money
Common Stock, par value $0.0001 per share
2006-06-06$4.10/sh+3,888,000$15,940,800→ 6,206,400 total(indirect: See Note 1 + 2) - Exercise of In-Money
Warrants to purchase Common Stock
2006-06-06−3,888,000→ 0 total(indirect: See Note 1 + 2)Exercise: $4.10From: 2005-12-10Exp: 2008-12-09→ Common Stock (3,888,000 underlying)
Footnotes (3)
- [F1]The shares and warrants described in this Form 4 are and were held by North Sound Legacy International Ltd. (the "Fund"). North Sound Capital LLC (the "Reporting Person") is the investment advisor of the Fund and has voting and investment control with respect to the shares held by the Fund. Thomas McAuley is the Manager of the Reporting Person. Although each of the Reporting Person and Mr. McAuley may be deemed the beneficial owner of the shares held by the Funds pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, neither owns such shares directly. Each of the Reporting Person and Mr. McAuley disclaims beneficial ownership of the shares held by the Fund except to the extent of their respective economic interests in the Fund.
- [F2]This Form 4 is being filed to reflect the exercise of warrants to purchase 3,888,000 shares of Common Stock on June 6, 2006, as described herein. Ownership of such shares and warrants was previously filed on Form 3 filed by the Reporting Person on February 23, 2006.
- [F3]The warrants described herein were originally acquired through the purchase of Units (comprising one share and two warrants) of the Issuer, and as such no separate price was assigned to each warrant.