ANCHOR BANCORP WISCONSIN INC 4
4 · ANCHOR BANCORP WISCONSIN INC · Filed Oct 30, 2013
Insider Transaction Report
Form 4
Dolan Thomas G.
EVP-CFO & Treasurer
Transactions
- Other
Common Stock
2013-09-27$0.10/sh+4,000,000$400,000→ 4,000,000 total
Footnotes (2)
- [F1]On August 12, 2013, Anchor BanCorp Wisconsin Inc. (the "Company") filed a voluntary petition for relief under the provisions of chapter 11 of title 11 of the United States Code, 11 U.S.C. Section 101, et seq., in the United States Bankruptcy Court for the Western District of Wisconsin (the "Bankruptcy Court") to implement a "pre-packaged" plan of reorganization (the "Plan of Reorganization"). On August 30, 2013, the Bankruptcy Court entered its Order Approving Prepetition Solicitation Procedures and Confirming Plan of Reorganization (the "Confirmation Order"), by which it confirmed the Plan of Reorganization. On September 27, 2013 (the "Effective Date"), the Plan of Reorganization became effective in accordance with its terms. On the Effective Date, all outstanding shares of the Company's common stock, par value $0.10 per share, were cancelled for no consideration pursuant to the Plan of Reorganization.
- [F2]In connection with the Plan of Reorganization, on August 12, 2013, the Company entered into stock purchase agreements with certain institutional and other private investors and directors and officers of the Company for the purchase and sale of 1,750,000,000 shares of the Company's Common Stock at a purchase price of $0.10 per share (collectively, the "Private Placements"). The closing of the Private Placements occurred on the Effective Date.