Alimco Financial Corp 4
4 · Kaspien Holdings Inc. · Filed Mar 7, 2022
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Stock
2021-02-11+127,208→ 152,893 total(indirect: By Alimco Re Ltd.) - Tax Payment
Common Stock
2021-02-11−39→ 152,854 total(indirect: By Alimco Re Ltd.) - Exercise/Conversion
Warrant for Common Stock
2021-02-11−1→ 0 total(indirect: By Alimco Re Ltd.)Exercise: $0.01From: 2020-03-30Exp: 2025-03-31→ Common Stock (127,208 underlying) - Purchase
Warrant for Common Stock
2022-03-02+1→ 1 total(indirect: By Alimco Re Ltd.)Exercise: $0.01From: 2022-03-02Exp: 2027-03-02→ Common Stock (320,000 underlying)
Footnotes (6)
- [F1]The reported transaction involved the conversion by Alimco Re Ltd. of a warrant to purchase a total of 127,208 shares of Kaspien Holdings Inc. common stock at a price equal to $0.01 per share (the "2020 Warrant"). Alimco Re Ltd. is a wholly owned subsidiary of Alimco Financial Corporation ("Alimco"). Alimco may be deemed to have voting and dispositive control over shares held by Alimco Re Ltd. Alimco disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein.
- [F2]The 2020 Warrant was exercised on a cashless basis.
- [F3]Alimco Re Ltd. acquired the 2020 Warrant in connection with a $2,718,000 secured term loan made on March 30, 2020 by Alimco Re Ltd. to Etailz Inc., a wholly owned subsidiary of Kaspien Holdings Inc.
- [F4]The reported transaction involved the acquisition by Alimco Re Ltd. of a warrant to purchase a total of 320,000 shares of Kaspien Holdings Inc. common stock at a price equal to $0.01 per share (the "2022 Warrant").
- [F5]Alimco disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein. This filing shall not be deemed an admission that Alimco is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any equity securities covered by this filing.
- [F6]Alimco Re Ltd. acquired the 2022 Warrant in connection with a $5,000,000 secured term loan made on March 2, 2022 by Alimco Re Ltd. to Kaspien Inc., a subsidiary of Kaspien Holdings Inc.