INSTITUTIONAL FINANCIAL MARKETS, INC. 4
4 · INSTITUTIONAL FINANCIAL MARKETS, INC. · Filed Sep 26, 2013
Insider Transaction Report
Form 4
DiMaio Jack
Director10% Owner
Transactions
- Award
Convertible Senior Promissory Note
2013-09-25$2923755.00/sh(indirect: By LLC)Exercise: $3.00From: 2013-09-25Exp: 2018-09-25→ Common Stock, par value $0.001 (974,585 underlying) - Award
Common Stock, par value $0.001
2013-09-25$2.00/sh+974,585$1,949,170→ 974,585 total(indirect: By LLC)
Footnotes (2)
- [F1]In accordance with the governing documents of Mead Park Capital Partners LLC, the reporting person has the right to, at any time, acquire direct beneficial ownership over these securities.
- [F2]Under certain circumstances, Institutional Financial Markets, Inc. (the "Company") can elect to pay interest on the convertible senior promissory note by increasing the principal amount of the note. If the Company elects this option, the number of shares into which the note converts will increase. The maximum number of shares of the Company's common stock (subject to customary anti-dilution adjustments) that the note can convert into with respect to the reporting person's beneficial ownership is 1,448,602 shares (assuming no interest is paid in cash).