4//SEC Filing
STEANS HARRISON I 4
Accession 0001181431-12-000962
CIK 0001025536other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 6:29 PM ET
Size
7.8 KB
Accession
0001181431-12-000962
Insider Transaction Report
Form 4
STEANS HARRISON I
Director
Transactions
- Other
Common Stock
2011-12-31$9.07/sh+420,564$3,814,978→ 2,193,259 total - Other
8.0% Non-cumulative convertible perpetual pref stk, Series C
2011-12-31−152,600→ 0 totalExercise: $12.28→ Common Stock (310,668 underlying)
Footnotes (3)
- [F1]Each share of 8% Non-cumulative, convertible perpetual stock, Series C ("Preferred Stock") owned by the reporting person is convertible at a fixed conversion price of $12.28 per share into approximately 2.0358 shares of Common Stock, or, if elected by the issuer between December 27, 2011 and December 31, 2011, at a floating conversion price into a number of shares of Common Stock equal to the sum of: (i) the quotient obtained by dividing $25.00 by $12.28; plus (ii) the quotient obtained by dividing $7.00 by the closing price of the Common Stock on the trading day immediately preceding the conversion date. On December 31, 2011, the issuer converted the Preferred Stock at the floating conversion price such that each share of Preferred Stock converted into 2.7559 shares of Common Stock (reflecting a closing price on December 30, 2011 of $9.72 per share of Common Stock), resulting in an effective conversion price of $9.0711 per share.
- [F2]Each share of Preferred Stock was convertible at any time at the election of the reporting person, and, in certain circumstances, at the election of the issuer.
- [F3]The Preferred Stock had no expiration date.
Documents
Issuer
TAYLOR CAPITAL GROUP INC
CIK 0001025536
Entity typeother
Related Parties
1- filerCIK 0001096147
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 6:29 PM ET
- Size
- 7.8 KB