4//SEC Filing
Goo Sook Kyong 4
Accession 0001181431-10-018896
CIK 0001174820other
Filed
Mar 29, 8:00 PM ET
Accepted
Mar 30, 9:52 PM ET
Size
5.9 KB
Accession
0001181431-10-018896
Insider Transaction Report
Form 4
Goo Sook Kyong
CHIEF OPERATIONS OFFICER
Transactions
- Purchase
Common Stock
2010-03-26+1,126→ 5,390 total
Footnotes (2)
- [F1]The price for this transaction is zero because it involves the issuance of additional shares to the reporting person without additional consideration in connection with a private placement of common stock that closed on November 30, 2009 (the "November Private Placement"). This transaction effectively adjusted the price paid for shares in the November Private Placement to $3.71 per share through the issuance of these additional shares. The shares in the November Private Placement were sold at a purchase price per share of $4.69 for directors and employees of the Company and $3.71 for other investors. The difference in the purchase price was necessary to comply with NASDAQ Listing Rule 5635(c). (Continued in footnote 2)
- [F2]The Company's shareholders approved the November Private Placement at a special meeting held on March 24, 2010, so that all investors in that private placement could be treated equally consistent with the NASDAQ rules and the additional shares could be issued to effectively adjust the purchase price.
Documents
Issuer
CENTER FINANCIAL CORP
CIK 0001174820
Entity typeother
Related Parties
1- filerCIK 0001452626
Filing Metadata
- Form type
- 4
- Filed
- Mar 29, 8:00 PM ET
- Accepted
- Mar 30, 9:52 PM ET
- Size
- 5.9 KB