INSTITUTIONAL FINANCIAL MARKETS, INC. 4
4 · INSTITUTIONAL FINANCIAL MARKETS, INC. · Filed Sep 26, 2013
Insider Transaction Report
Form 4
Ricciardi Christopher
President10% Owner
Transactions
- Award
Convertible Senior Promissory Note
2013-09-25$1461873.00/sh(indirect: By LLC)Exercise: $3.00From: 2013-09-25Exp: 2018-09-25→ Common Stock, par value $0.001 (487,291 underlying) - Award
Common Stock, par value $0.001
2013-09-25$2.00/sh+487,291$974,582→ 487,291 total(indirect: By LLC)
Holdings
- 1,358,752
Common Stock, par value $0.001
- 48,448(indirect: By Spouse)
Common Stock, par value $0.001
Footnotes (3)
- [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]The reporting person and his spouse hold 1,351,721 shares jointly. The reporting person holds 7,031 shares individually.
- [F3]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 724,301 shares (assuming no interest is paid in cash).