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MCKINNEY STEVE 4

Accession 0001204953-03-000003

CIK 0000934302other
View on SEC.govCompany Profile

Filed

Oct 1, 8:00 PM ET

Accepted

Oct 2, 9:16 PM ET

Size

22.8 KB

Accession

0001204953-03-000003

Insider Transaction Report

Form 4
Period: 2003-09-30
FIRST SOUTHERN BANCSHARES INC/DE(FSTH.PK)
MCKINNEY STEVE
Director
Transactions
  • Other

    Common Stock Warrants (right-to-buy)

    2003-09-30+7,840→ 7,840 total(indirect: By Southern Fastening Systems, Inc.)
    Exercise: $0.01From: 2004-09-30Exp: 2006-09-30→ Common Stock (7,840 underlying)
  • Purchase

    Rights to Aquire Common Stock Warrants (right-to-b

    2003-09-30+2,800→ 2,800 total
    Exercise: $0.01From: 2005-09-30Exp: 2007-09-30→ Common Stock (2,800 underlying)
  • Other

    Rights to Aquire Common Stock Warrants (right-to-b

    2003-09-30+7,840→ 7,840 total(indirect: By Southern Fastening Systems, Inc.)
    Exercise: $0.01From: 2005-09-30Exp: 2007-09-30→ Common Stock (7,840 underlying)
  • Other

    Rights to Aquire Common Stock Warrants (right-to-b

    2003-09-30+5,600→ 5,600 total(indirect: By LLC)
    Exercise: $0.01From: 2005-09-30Exp: 2007-09-30→ Common Stock (5,600 underlying)
  • Other

    Series B Convertible Preferred Stock

    2003-09-30−9,091→ 0 total(indirect: By LLC)
    Exercise: $5.50From: 2001-08-31Exp: 2011-08-31→ Common Stock (36,364 underlying)
  • Other

    Series B Convertible Preferred Stock

    2003-09-30−11,364→ 0 total(indirect: By Southern Fastening Systems, Inc.)
    Exercise: $5.50From: 2001-08-31Exp: 2011-08-31→ Common Stock (45,456 underlying)
  • Purchase

    Common Stock Warrants (right-to-buy)

    2003-09-30$100000.00/sh+2,800$280,000,000→ 2,800 total
    Exercise: $0.01From: 2004-09-30Exp: 2006-09-30→ Common Stock (2,800 underlying)
  • Other

    Common Stock Warrants (right-to-buy)

    2003-09-30+5,600→ 5,600 total(indirect: By LLC)
    Exercise: $0.01From: 2004-09-30Exp: 2006-09-30→ Common Stock (5,600 underlying)
Holdings

  • Common Stock

    2,000

  • Common Stock

    (indirect: By Southern Fastening Systems, Inc.)
    20,000

  • Common Stock Warrants (right-to-buy)

    Exercise: $1.00From: 2002-11-01Exp: 2005-11-01→ Common Stock (15,000 underlying)
    15,000

  • Incentive Stock Option (right to buy)

    Exercise: $11.25From: 1999-09-10Exp: 2008-09-10→ Common Stock (5,000 underlying)
    5,000
Footnotes (9)
  • [F1]Represents the aggregate cash purchase price of units consisting of (i) capital notes having a principal amount equal to the aggregate purchase price of the units, (ii) warrants and (iii) rights to acquire additional warrants.
  • [F2]On September 30, 2003, RSR, LLC, an affiliate of the reporting person, exchanged 9,091 shares of the issuer's Series B Convertible Preferred Stock for units consisting of (i) capital notes, (ii) warrants and (iii) rights to acquire additional warrants, which are reported separately on this Form 4.
  • [F3]Units consisting of (i) capital notes having a principal amount equal to the aggregate purchase price of the units, (ii) warrants and (iii) rights to acquire additional warrants were acquired in exchange for 9,091 shares of the issuer's Series B Convertible Preferred Stock, which for purposes of such exchange were valued at $22.00 per share. The reporting person, under an alternative exchange procedure, also received $2.64 in cash for each share of Series B Convertible Preferred Stock exchanged.
  • [F4]On September 30, 2003, Southern Fastening Systems, Inc., an affiliate of the reporting person, exchanged 11,364 shares of the issuer's Series B Convertible Preferred Stock for units consisting of (i) capital notes, (ii) warrants and (iii) rights to acquire additional warrants, which are reported separately on this Form 4.
  • [F5]Units consisting of (i) capital notes having a principal amount equal to the aggregate purchase price of the units, (ii) warrants and (iii) rights to acquire additional warrants were acquired in exchange for 11,364 shares of the issuer's Series B Convertible Preferred Stock, which for purposes of such exchange were valued at $24.64 per share.
  • [F6]On September 30, 2003, the reporting person acquired units consisting of (i) capital notes, (ii) warrants and (iii) rights to acquire additional warrants from the issuer. The warrants acquired on September 30, 2003 are reported separately on this Form 4. The capital notes purchased on September 30 , 2003 provide the holder the right to acquire these additional warrants on September 30, 2004.
  • [F7]On September 30, 2003, RSR, LLC, an affiliate of the reporting person, exchanged 9,091 shares of the issuer's Series B Convertible Preferred Stock for units consisting of (i) capital notes, (ii) warrants, which are reported separately on this Form 4, and (iii) these rights to acquire additional warrants.
  • [F8]On September 30, 2003, Southern Fastening Systems, Inc. exchanged 11,364 shares of the issuer's Series B Convertible Preferred Stock for units consisting of (i) capital notes, (ii) warrants, which are reported separately on this Form 4, and (iii) these rights to acquire additional warrants.
  • [F9]These options were granted under the First Southern Bancshares, Inc. 1996 Stock Option Plan, and are exercisable in five equal annual installments commencing on September 10, 1999.

Documents

1 file

Issuer

FIRST SOUTHERN BANCSHARES INC/DE

CIK 0000934302

→
Entity typeother

Related Parties

1
  • filerCIK 0001204953

Filing Metadata

Form type
4
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 9:16 PM ET
Size
22.8 KB
View on SEC.gov