TRANS LUX Corp 5
5 · TRANS LUX Corp · Filed Feb 19, 2016
Insider Transaction Report
Form 5
TRANS LUX CorpTNLX
GREENE ALAN K
Director
Transactions
- Exercise of In-Money
Series B Convertible Preferred Stock
2015-11-19$200.00/sh+252$50,400→ 252 totalExercise: $10.00→ Common Stock (5,040 underlying) - Exercise of In-Money
Subscription Rights (right to buy)
2015-11-19−8,333→ 0 totalExercise: $200.00From: 2015-10-12Exp: 2015-11-19→ Series B Convertible Preferred Stock (252 underlying)
Footnotes (1)
- [F1]The Series B Preferred is convertible into shares of the Issuer's common stock at an initial conversion price of $10.00 per share, representing a conversion ratio of 20 shares of common stock for each share of Series B Preferred held at the time of conversion, subject to adjustment. The Series B Preferred may be subject to mandatory conversion after three years, or as early as one year under certain circumstances and will have a priority upon liquidation equal to the greater of $200.00 per share and the amount payable on the number of shares of common stock into which a share of Series B Preferred would have been converted.