4//SEC Filing
Okun Edward Hugh 4
Accession 0001181431-07-040986
CIK 0000083125other
Filed
Jun 18, 8:00 PM ET
Accepted
Jun 19, 2:27 PM ET
Size
15.1 KB
Accession
0001181431-07-040986
Insider Transaction Report
Form 4
FIRST MONTAUK FINANCIAL CORPFMFK.OB
FMFG Ownership, Inc.
10% Owner
Transactions
- Sale
Series A Convertible Preferred Stock $0.10 par value
2007-06-15−283,057→ 0 total→ Common Stock - no par value (566,174 underlying) - Sale
Series B Preferred Stock $0.10 par value
2007-06-15−197,824→ 0 total→ Common Stock - no par value (1,978,240 underlying) - Sale
Common Stock - no par value
2007-06-15−1,059,040→ 3,300,308 total - Sale
Common Stock - no par value
2007-06-15−4,033,265→ 0 total
Okun Edward Hugh
10% Owner
Transactions
- Sale
Common Stock - no par value
2007-06-15−1,059,040→ 3,300,308 total - Sale
Series B Preferred Stock $0.10 par value
2007-06-15−197,824→ 0 total→ Common Stock - no par value (1,978,240 underlying) - Sale
Common Stock - no par value
2007-06-15−4,033,265→ 0 total - Sale
Series A Convertible Preferred Stock $0.10 par value
2007-06-15−283,057→ 0 total→ Common Stock - no par value (566,174 underlying)
FMFG Ownership II, Inc.
10% Owner
Transactions
- Sale
Common Stock - no par value
2007-06-15−1,059,040→ 3,300,308 total - Sale
Common Stock - no par value
2007-06-15−4,033,265→ 0 total - Sale
Series B Preferred Stock $0.10 par value
2007-06-15−197,824→ 0 total→ Common Stock - no par value (1,978,240 underlying) - Sale
Series A Convertible Preferred Stock $0.10 par value
2007-06-15−283,057→ 0 total→ Common Stock - no par value (566,174 underlying)
Footnotes (5)
- [F1]As a part of a Settlement Agreement entered into on June 15, 2007, between the Reporting Persons, the Issuer and certain affiliated parties, FMFG Ownership II, Inc. surrendered to the Issuer for cancellation, 197,824 shares of Series B Preferred Stock and 4,033,265 shares of common stock and FMFG Ownership, Inc. surrendered to the Issuer for cancellation 1,059,040 shares of common stock. In exchange, the Issuer has released to FMFG Ownership, Inc. the $2,000,000 which was held in escrow as a deposit under a May 2006 Merger Agreement. Further, the Issuer has been granted a sixty (60) day option to purchase the 3,300,308 shares which continue to be held by FMFG Ownership, Inc. for $2,500,000.
- [F2]The reported securities are or were owned-directly by FMFG Ownership II, Inc. and indirectly by Edward H. Okun. Edward H. Okun is the sole stockholder and president of FMFG Ownership II, Inc.
- [F3]The reported securities are or were owned-directly by FMFG Ownership, Inc. and indirectly by Edward H. Okun. Edward H. Okun is the sole stockholder and president of FMFG Ownership, Inc.
- [F4]The Series B Preferred Stock is convertible on a one for ten basis at any time at the election of the holder and has no expiration date.
- [F5]The Series A Convertible Preferred Stock is convertible on a one for two basis at any time at the election of the holder and has no expiration date.
Documents
Issuer
FIRST MONTAUK FINANCIAL CORP
CIK 0000083125
Entity typeother
Related Parties
1- filerCIK 0001366705
Filing Metadata
- Form type
- 4
- Filed
- Jun 18, 8:00 PM ET
- Accepted
- Jun 19, 2:27 PM ET
- Size
- 15.1 KB