4//SEC Filing
Blanco Lesbia 4
Accession 0001209191-10-023551
CIK 0000840889other
Filed
Apr 22, 8:00 PM ET
Accepted
Apr 23, 6:00 PM ET
Size
6.9 KB
Accession
0001209191-10-023551
Insider Transaction Report
Form 4
Blanco Lesbia
See Remarks
Transactions
- Purchase
See footnote
2010-04-21$1000.00/sh+30$30,000→ 30 totalExercise: $4.75→ Common Stock, par value $0.01
Footnotes (3)
- [F1]Mandatorily Convertible Non-Cumulative Non-Voting Preferred Stock
- [F2]Pursuant to the terms of the Stock Purchase Agreement between Doral Financial Corporation and various purchasers dated April 19, 2010, if Doral Financial Corporation does not consummate an acquisition of certain assets and assumption of certain liabilities of one or more banks from the Federal Deposit Insurance Corporation, as receiver, holders of the Mandatorily Convertible Non-Cumulative Non-Voting Preferred Stock, $1.00 par value, liquidation value $1,000 per share (the "Preferred Stock") will receive additional shares of Preferred Stock, currently held in an escrow account. If an acquisition is not consummated, Ms. Blanco will receive an additional 18 shares of Preferred Stock.
- [F3]The Preferred Stock owned by Ms. Blanco is convertible into shares of Common Stock following the receipt by Doral Financial Corporation of the stockholder approval necessary for the issuance of Common Stock into which Preferred Stock is convertible in accordance with the requirements of the New York Stock Exchange. The initial conversion price, subject to adjustment is $4.75 per share of Common Stock.
Documents
Issuer
DORAL FINANCIAL CORP
CIK 0000840889
Entity typeother
Related Parties
1- filerCIK 0001377886
Filing Metadata
- Form type
- 4
- Filed
- Apr 22, 8:00 PM ET
- Accepted
- Apr 23, 6:00 PM ET
- Size
- 6.9 KB