4//SEC Filing
PASTERNAK KENNETH D 4
Accession 0001181431-11-023482
CIK 0000804157other
Filed
Apr 10, 8:00 PM ET
Accepted
Apr 11, 5:12 PM ET
Size
10.4 KB
Accession
0001181431-11-023482
Insider Transaction Report
Form 4
PASTERNAK KENNETH D
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2011-04-08−550,000→ 0 total(indirect: By Chestnut Ridge Partners, LP) - Disposition to Issuer
Common Stock
2011-04-08−15,130,176→ 0 total - Disposition to Issuer
Common Stock Warrants (right to buy)
2011-04-08−833,335→ 0 totalExercise: $0.85From: 2006-11-28Exp: 2011-11-28→ Common Stock (833,335 underlying)
Footnotes (4)
- [F1]The reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person was or is, for the purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding or disposing of securities of Hudson Holding Corporation (the "Issuer") or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
- [F2]Pursuant to that certain Amended and Restated Agreement and Plan of Merger, dated as of January 4, 2011 (the "Merger Agreement"), by and among Rodman & Renshaw Capital Group, Inc. ("Rodman"), HHC Acquisition, Inc. and the Issuer, at the effective time of the merger, each share of Issuer common stock converted into the right to receive 0.0332 shares of Rodman common stock, which, at the effective time of the merger, had a market value of $2.06 per share.
- [F3]Represents shares held by Chestnut Ridge Partners, LP ("Chestnut Ridge"). The reporting person is managing member of the general partner of Chestnut Ridge and may be deemed to have sole voting and dispositive power over the shares held by Chestnut Ridge. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person was or is, for purposes of Section 16 of the Exchange Act, or otherwise, the beneficial owner of these shares. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
- [F4]Pursuant to the Merger Agreement, at the effective time of the merger, each outstanding Issuer warrant converted into a warrant to acquire 0.0332 shares of Rodman common stock, which, at the effective time of the merger, had a market value of $2.06 per share.
Documents
Issuer
HUDSON HOLDING CORP
CIK 0000804157
Entity typeother
Related Parties
1- filerCIK 0001090901
Filing Metadata
- Form type
- 4
- Filed
- Apr 10, 8:00 PM ET
- Accepted
- Apr 11, 5:12 PM ET
- Size
- 10.4 KB