FOOTHILL GROUP INC 3
3 · Tropicana Las Vegas Hotel & Casino, Inc. · Filed Apr 20, 2010
Insider Transaction Report
Form 3
WELLS FARGO & CO/MN
10% Owner
Holdings
- (indirect: By The Foothill Group, Inc.)
Class A Convertible Participating Preferred Stock
Exercise: $25.00From: 2010-04-20→ Class A Common Stock (85,172 underlying) - (indirect: By The Foothill Group, Inc.)
Class A Series 2 Convertible Participating Preferred Stock
Exercise: $25.00From: 2010-04-20→ Class A Common Stock (45,585 underlying) - 502,800(indirect: By The Foothill Group, Inc.)
Class A Common Stock
Footnotes (4)
- [F1]The shares of Class A Common Stock and Class A Convertible Participating Preferred Stock of Tropicana Las Vegas Hotel & Casino, Inc. (the "Company") are owned directly by The Foothill Group, Inc. ("Foothill"), a wholly-owned subsidiary of Wells Fargo & Company. Once issued by the Company, the shares of Class A Series 2 Convertible Participating Preferred Stock will be owned directly by Foothill.
- [F2]No expiration date.
- [F3]The initial conversion price per share is $25.00. The number of shares of Class A Common Stock to be issued upon conversion of a share of Class A Convertible Participating Preferred Stock or Class A Series 2 Convertible Participating Preferred Stock can be determined by dividing: (i) the sum of (a) the $100 per share original purchase price of such preferred stock plus (b) the amount of cumulated and unpaid dividends for any prior dividend periods payable with respect to such preferred stock, by (ii) the conversion price at the time of the conversion.
- [F4]The shares of Class A Series 2 Convertible Participating Preferred Stock of the Company will be issued to Foothill on or about the filing date of this Form 3 as consideration for a credit facility between the Company and Foothill.