Banyan Rail Services Inc. 4
4 · Banyan Rail Services Inc. · Filed Dec 11, 2014
Insider Transaction Report
Form 4
DENNIS PAUL S
DirectorVP and Treasurer10% Owner
Transactions
- Other
Common Stock
2014-09-08+3,524→ 94,632 total(indirect: By Trust) - Other
Common Stock
2014-11-18+1,538→ 96,170 total(indirect: By Trust) - Conversion
Common Stock
2014-11-18$10.00/sh+40,000$400,000→ 136,170 total(indirect: By Trust) - Conversion
Common Stock
2014-11-18$12.50/sh+17,200$215,000→ 153,370 total(indirect: By Trust) - Conversion
Series A Preferred Convertible Stock
2014-11-18−4,000→ 0 total(indirect: By Trust)Exercise: $10.00From: 2010-02-01→ Common Stock (40,000 underlying) - Conversion
Series C Preferred Convertible Stock
2014-11-18−2,150→ 0 total(indirect: By Trust)Exercise: $12.50From: 2014-06-30→ Common Stock (17,200 underlying)
Holdings
- 13,550
Common Stock
Footnotes (4)
- [F1]The reporting person received shares of common stock as a payment in lieu of a cash dividend on shares of preferred stock of the issuer.
- [F2]The issuer converted 4,000 shares of Series A Convertible Preferred Stock, at a conversion price of $10 per share, resulting in an acquisition of 40,000 shares of common stock. The Series A Convertible Preferred Stock had a face value of $100 per share and was convertible into common stock at a conversion price of $10 per share.
- [F3]The securities do not have an expiration date.
- [F4]The issuer converted 2,150 shares of Series C Convertible Preferred Stock, at a conversion price of $12.50 per share, resulting in an acquisition of 17,200 shares of common stock. The Series C Convertible Preferred Stock had a face value of $100 per share and was convertible into common stock at a conversion price of $12.50 per share.