4//SEC Filing
Rosen Steven 4
Accession 0001209191-19-061478
CIK 0000047307other
Filed
Dec 19, 7:00 PM ET
Accepted
Dec 20, 1:14 PM ET
Size
13.2 KB
Accession
0001209191-19-061478
Insider Transaction Report
Form 4
CRAWFORD UNITED CorpCRAWA
Rosen Steven
Director10% Owner
Transactions
- Conversion
Class A Common Shares
2019-12-18$1.43/sh+251,489$359,629→ 672,407 total(indirect: See Footnote) - Conversion
Convertible Loan Agreement
2019-12-18−75,000→ 0 total(indirect: See Footnote)Exercise: $1.43Exp: 2019-12-31→ Class B Common Shares (75,000 underlying) - Conversion
Class B Common Shares
2019-12-18$1.43/sh+75,000$107,250→ 170,000 total(indirect: See Footnote) - Conversion
Convertible Loan Agreement
2019-12-18−251,489→ 0 total(indirect: See Footnote)Exercise: $1.43Exp: 2019-12-31→ Class A Common Shares (251,489 underlying)
Holdings
- 9,000
Class A Common Shares
Footnotes (2)
- [F1]The securities reported herein are owned directly by Roundball LLC, an Ohio limited liability company. The balance reflects a correction in the number of Class B Common Shares held by Roundball LLC from that reported in the Form 4 filed by the reporting person on December 13, 2019. For purposes of the Securities Exchange Act of 1934, the reporting person disclaims beneficial ownership of any securities, except of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
- [F2]In 2011, the Crawford United Corporation issued a convertible note to Roundball LLC. In December 2018, the note was amended to provide Roundball LLC with the option to convert a portion of the outstanding indebtedness into Class B Common Shares at a price of $1.43 per share, up to a maximum amount of 75,000 Class B Common Shares, subject ot shareholder approval, which approval was obtained on May 10, 2019. On December 18, 2019, Roundball LLC, an Ohio limited liability company elected to convert all $466,879.88 of the amount outstanding under the convertiable note into 75,000 Class B Common Shares and 251,489 Class A Common Shares.
Documents
Issuer
CRAWFORD UNITED Corp
CIK 0000047307
Entity typeother
Related Parties
1- filerCIK 0001545202
Filing Metadata
- Form type
- 4
- Filed
- Dec 19, 7:00 PM ET
- Accepted
- Dec 20, 1:14 PM ET
- Size
- 13.2 KB