Martinez Susan 4
4 · Florida Bank Group, Inc. · Filed Jul 5, 2011
Insider Transaction Report
Form 4
Martinez Susan
DirectorPresident/CEO
Transactions
- Purchase
Series C Convertible Preferred Stock
2011-06-30$1000.00/sh+100$100,000→ 0 total - Other
Common Stock Warrant (right to buy)
2011-06-30$0.01/sh+125,000$1,250→ 125,000 totalExercise: $0.01From: 2011-06-30Exp: 2012-03-31→ Common Stock (125,000 underlying)
Footnotes (2)
- [F1]The shares of Preferred Stock are convertible into common stock at the holder's option after December 31, 2011 and are mandatorily convertible in certain events. The stock is convertible at a per share price based upon the Company's tangible common stock book value per share as of the end of the calendar quarter prior to conversion, as calculated in accordance with the Company's Articles of Incorporation, as amended.
- [F2]One non-transferrable stock purchase warrant for each share of Series C Convertible Preferred Stock purchased, each such warrant exercisable for 1,250 shares of common stock at $.01 per share.