LEXINGTON PRECISION CORP 4/A

Accession 0001181431-05-023250

CIK 0000012570operating

View on SEC.gov Company Profile

Filed

Apr 21, 8:00 PM ET

Accepted

Apr 22, 8:48 PM ET

Size

21.3 KB

Accession

0001181431-05-023250

Insider Transaction Report

Form 4/AAmended

Period: 2004-02-04

LEXINGTON PRECISION CORPLEXP

LUBIN MICHAEL A

DirectorChairman of the Board10% Owner

Transactions

Other
Common Stock Warrants (right to buy)
2004-02-04−6→ 150 total(indirect: By Spouse)
Exercise: $3.50From: 2005-08-01Exp: 2009-08-01→ Common Stock (6 underlying)
Other
Common Stock Warrants (right to buy)
2004-02-04−16→ 20,597 total
Exercise: $3.50From: 2005-08-01Exp: 2009-08-01→ Common Stock (16 underlying)
Other
Common Stock Warrants (right to buy)
2004-02-04−8→ 3,110 total(indirect: By Lubin, Delano & Co. Profit Sharing Plan)
Exercise: $3.50From: 2005-08-01Exp: 2009-08-01→ Common Stock (8 underlying)
Other
Common Stock Warrants (right to buy)
2004-02-04−10→ 380 total(indirect: By son)
Exercise: $3.50From: 2005-08-01Exp: 2009-08-01→ Common Stock (10 underlying)

Footnotes (10)

[F1]The securities to which the Form 4 relates are part of a unit, each unit consisting of $1,000 aggregate principal amount of 12% Senior Subordinated Notes due August 1, 2009 (the "12% Notes") and 10 warrants to purchase the Common Stock, $0.25 par value per share (the "Common Stock"), of Lexington Precision Corporation (the "Company"). The reporting person also owns units consisting of $347,000 aggregate principal amount of the Company's 13% Junior Subordinated Notes due November 1, 2009 (the "13% Notes") and 3,467 warrants to purchase Common Stock. (Contd. in Footnote 2)
[F10]The reported securities were cancelled pursuant to the Cash-out, whereby the Issuer paid $548 in cash to the reporting person for the cancellation of an equal amount of principal of the 12% Notes, which underlie Units, in order to eliminate fractional Units.
[F2]The Company had previously taken the position that since the derivative securities requiring the filing of a Form 4 were the warrants, the warrants related to the 12% Notes and those related to the 13% Notes should be reported together, as a single class of securities. The Form 4 of the reporting person, filed with the Securities and Exchange Commission on February 6, 2004 (the "Original Form 4") did not include the warrants related to the 13% Notes in column 9. This Amendment (the "Amendment") amends the Original Form 4 by including the warrants related to the 13% Notes in column 9.
[F3]The reported securities were cancelled pursuant to a transaction (the "Cash-out"), whereby the Issuer paid $1,372 in cash to the reporting person for the cancellation of an equal amount in principal of the 12% Notes, which underlie units that consist of the 12% Notes and 10 warrants to purchase common stock for every $1,000 principal amount of 12% Notes ("Units"), in order to eliminate fractional Units.
[F4]The reported securities were cancelled pursuant to the Cash-out, whereby the Issuer paid $704 in cash to the reporting person for the cancellation of an equal amount in principal of the 12% Notes, which underlie Units, in order to eliminate fractional Units.
[F5]The number of securities beneficially owned following the reported transaction reported in column 9 of the Original Form 4 aggregated all of the warrants indirectly beneficially owned by the reporting person, regardless of the form of indirect ownership of the warrants. The Amendment amends the Original Form 4 by separately reporting the number of warrants beneficially owned by the reporting person under each form of beneficial ownership.
[F6]The reported securities were cancelled pursuant to the Cash-out, whereby the Issuer paid $756 in cash to the reporting person for the cancellation of an equal amount of principal of the 12% Notes, which underlie Units, in order to eliminate fractional Units.
[F7]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 or for any other purpose
[F8]The reported securities were cancelled pursuant to the Cash-out, whereby the Issuer paid $963 in cash to the reporting person for the cancellation of an equal amount of principal of the 12% Notes, which underlie Units, in order to eliminate fractional Units.
[F9]The reported securities were cancelled pursuant to the Cash-out, whereby the Issuer paid $585 in cash to the reporting person for the cancellation of an equal amount of principal of the 12% Notes, which underlie Units, in order to eliminate fractional Units.

Documents

1 file

4
rrd76445.xml
FORM 4/A

Issuer

LEXINGTON PRECISION CORP

CIK 0000012570

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0000012570

Filing Metadata

Form type: 4/A
Filed: Apr 21, 8:00 PM ET
Accepted: Apr 22, 8:48 PM ET
Size: 21.3 KB

View on SEC.gov