Frauenberg James H II 4
4 · CENTRAL FEDERAL CORP · Filed Oct 10, 2017
Insider Transaction Report
Form 4
Frauenberg James H II
Director
Transactions
- Conversion
Series B 6.25% Preferred Stock
2017-10-06$25.00/sh−28,000$700,000→ 0 totalExercise: $1.75→ Common Stock (400,000 underlying) - Conversion
Common Stock
2017-10-06$1.75/sh+400,000$700,000→ 803,833 total
Footnotes (1)
- [F1]The Series B Convertible Preferred Stock was convertible into common stock at any time and had no expiration date. The issuer exercises its right to mandatorily convert all outstanding shares of Series B Preferred Stock effective as of October 6, 2017. As of such date, each share of Series B Preferred Stock was converted at a conversion rate of $25.00 (the liquidation preference of the Series B Preferred Stock) divided by $1.75 (the common stock conversion price).