DENNIS PAUL S 4
4 · Banyan Rail Services Inc. · Filed Mar 5, 2012
Insider Transaction Report
Form 4
DENNIS PAUL S
DirectorVP and Treasurer10% Owner
Transactions
- Purchase
Series C Convertible Preferred Stock
2012-03-01$100.00/sh+2,150$215,000→ 2,150 total(indirect: By Trust)Exercise: $2.50→ Common Stock (86,000 underlying)
Footnotes (2)
- [F1]The Series C Preferred Stock is convertible at any time after certain events (the dates of which cannot be presently determined) have occurred or June 30, 2014, whichever occurs first.
- [F2]The Series C Preferred Stock does not have an expiration date.