Oakey Dean Scott 4
4 · GRANITE CITY FOOD & BREWERY LTD. · Filed Jun 12, 2012
Insider Transaction Report
Form 4
Oakey Dean Scott
Chief Concept Officer10% Owner
Transactions
- Purchase
Common Stock
2012-06-10$2.08/sh+3,125,000$6,500,000→ 3,264,298 total(indirect: By LLC)
Holdings
- 3,000,000(indirect: By LLC)
Series A Convertible Preferred Stock
From: 2011-05-10→ Common Stock (6,000,000 underlying)
Footnotes (4)
- [F1]On June 10, 2012, Concept Development Partners LLC and the Issuer entered into a stock purchase agreement for the purchase of the shares reported herein.
- [F2]The reporting person has an indirect pecuniary interest in the shares reported herein.
- [F3]Each share of the Preferred Stock is convertible into two shares of common stock.
- [F4]The Preferred Stock may be converted into common stock of the Issuer at any time prior to December 31, 2014. The Preferred Stock will automatically convert to common stock of the Issuer on the first business day on or after December 31, 2014, on which the average of the closing sale prices of the Issuer's common stock on the NASDAQ Capital Market (or other principal exchange or market on which the common stock is then traded) for the trading days within the 90 calendar day period ending on the date prior to such first business day is greater than $4.00 per share (as adjusted for stock splits, distributions or other combinations).