Crenshaw J. Casey 4
4 · American Electric Technologies Inc · Filed May 3, 2012
Insider Transaction Report
Form 4
Crenshaw J. Casey
Director
Transactions
- Purchase
Series A Convertible Preferred Stock
2012-05-02$5.00/sh+1,000,000$5,000,000→ 1,000,000 total(indirect: By LLC)Exercise: $5.00→ Common Stock (200,000 underlying) - Purchase
Warrants (Right to Buy)
2012-05-02$1.00/sh+125,000$125,000→ 125,000 total(indirect: By LLC)Exercise: $6.00From: 2012-05-02Exp: 2020-05-02→ Common Stock (125,000 underlying) - Purchase
Warrants (Right to Buy)
2012-05-02$1.00/sh+200,000$200,000→ 200,000 total(indirect: By LLC)Exercise: $7.00From: 2012-05-02Exp: 2020-05-02→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]On May 2, 2012, JCH Crenshaw Holdings, LLC acquired 1,000,000 shares of Series A Convertible Preferred Stock of the issuer, warrants to acquire 125,000 shares of Common Stock of the issuer at a price of $6.00 per share and warrants to acquire 200,000 shares of Common Stock of the issuer at a price of $6.00 per share pursuant to a Securities Purchase Agreement between JCH Crenshaw Holdings, LLC and the issuer dated April 13, 2012.
- [F2]The Series A Convertible Preferred Stock is convertible into Common Stock at any time and has no expiration date.
- [F3]The reporting person is the sole member of JCH Crenshaw Holdings, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.