WHYTE ROBERT MICHAEL 4
4 · ENCORE CAPITAL GROUP INC · Filed Sep 29, 2003
Insider Transaction Report
Form 4
WHYTE ROBERT MICHAEL
Director
Transactions
- Conversion
Series A Sr. Cumulative Participating Conv. Preferred Stock
2003-09-25−100,000→ 0 totalExercise: $0.50→ Common Stock (1,000,000 underlying) - Sale
Common Stock
2003-09-25$11.00/sh−120,285$1,323,135→ 1,163,815 total - Conversion
Common Stock
2003-09-25+1,000,000→ 1,284,100 total
Footnotes (3)
- [F1]In connection with an underwritten offering (the "Offering") of Issuer's Common Stock, holders of Series A Senior Cumulative Participating Convertible Preferred Stock (the Series A Preferred Stock) entered into a Preferred Stock Conversion Agreement, whereby each share of Series A Preferred Stock converts into ten shares of Issuer's Common Stock, without consideration, as of the closing of the Offering, which is scheduled for October 1, 2003.
- [F2]On September 25, 2003, Attorneys-In-Fact on behalf of the Reporting Person entered into an Underwriting Agreement providing for the sale by the Reporting Person of 120,285 shares of Common Stock in the Offering.
- [F3]Each share of Series A Preferred Stock is immediately convertible into ten shares of Issuer's Common Stock at the option of the holder.