SCOTT MAURICE A 4
4 · MOUNTAINBANK FINANCIAL CORP · Filed Aug 4, 2003
Insider Transaction Report
Form 4
SCOTT MAURICE A
Director
Transactions
- Exercise/Conversion
Common Stock
2003-08-01$13.33/sh+5,183$69,089→ 40,937 total - Exercise/Conversion
Director Stock Option (Right to Buy)
2003-08-01−5,183→ 2,552 totalExercise: $13.33Exp: 2010-10-15→ Common Stock (7,735 underlying)
Holdings
- 300(indirect: By Spouse)
Common Stock
- 20,000
Series A Convertible Preferred Stock
→ Common Stock (24,000 underlying)
Footnotes (4)
- [F1]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
- [F2]This option vests in three equal annual installments beginning October 15, 2001.
- [F3]Series A Convertible Stock conversion ratio is 1-to 1.2.
- [F4]The Series A Convertible Preferred Stock is convertible into common stock at any time after its issuance and has no expiration date.