GERMAN MICHAEL I 4
4 · Corning Natural Gas Holding Corp · Filed Jul 6, 2022
Insider Transaction Report
Form 4
GERMAN MICHAEL I
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Common Stock
2022-07-06$24.75/sh−570,675$14,124,206→ 0 total - Disposition to Issuer
Series A Preferred Stock
2022-07-06−5,129→ 0 total - Disposition to Issuer
Series B Preferred Stock
2022-07-06−57,936→ 0 total
Footnotes (3)
- [F1]Common Stock included 9,382 shares of Common Stock owned by Mr. German's son, of which Mr. German disclaims beneficial ownership, and 50,023 shares of Common Stock acquired through the company's Dividend Reinvestment Program.
- [F2]Pursuant to that certain merger agreement with ACP Crotona Corp. and ACP Crotona Merger Sub Corp., Mr. German received an amount equal to $25.00 per share of Series A Preferred Stock plus an amount equal to any accumulated unpaid dividends then outstanding.
- [F3]Pursuant to that certain merger agreement with ACP Crotona Corp. and ACP Crotona Merger Sub Corp., Mr. German received an amount equal to $29.70 per share of Series B Preferred Stock consisting of $24.90 in respect of the Series B Preferred Stock liquidation preference and $4.80 in respect of the conversion right of the holders of the Series B Preferred Stock, plus an amount equal to any accumulated unpaid dividends then outstanding.