KENNY TERRENCE W 4
4 · AMPCO PITTSBURGH CORP · Filed Sep 24, 2020
Insider Transaction Report
Form 4
KENNY TERRENCE W
Group Vice President
Transactions
- Exercise of In-Money
Common Stock
2020-09-22$3.50/sh+6,391$22,369→ 47,566 total - Exercise of In-Money
Subscription Rights (right to buy)
2020-09-22−14,318→ 0 totalExercise: $1.56From: 2020-08-18Exp: 2020-09-18→ Units consisting of Common Stock and Series A Warrants - Exercise of In-Money
Series A Warrant (right to buy)
2020-09-22+14,318→ 14,318 totalExercise: $2.57From: 2020-09-22Exp: 2025-08-01→ Common Stock (6,391 underlying)
Footnotes (2)
- [F1]Represents the conversion of a subscription right issued by the Issuer as part of a rights offering. Each subscription right was exercisable for units that consisted of (i) 0.4464 shares of common stock and (ii) a Series A warrant exercisable to acquire 0.4464 shares of common stock at an exercise price of $2.5668 (or $5.75 per whole share of common stock under the Series A warrants). The subscription price of each unit was $1.5624 per unit (or $3.50 per whole share of common stock and Series A warrants to purchase a whole share of common stock). The securities issued upon conversion of the subscription rights are exempted from Section 16(b) pursuant to Rule 16b-3.
- [F2]Each Series A warrant represents the right to purchase 0.4464 shares of common stock at an exercise price of $2.5668 per share and was issued as part of a subscription right issued in a rights offering by the Issuer. The Series A warrants are exercisable only for whole numbers of shares of Common Stock.