ALPINE GROUP INC /DE/ 4

4 · ALPINE GROUP INC /DE/ · Filed Oct 4, 2006

Form 4

Period: 2006-10-02

Director

Transactions

Award
Common Stock
2006-10-02$2.55/sh+2,451$6,250→ 302,061 total
Purchase
Series A Cumulative Convertible Preferred Stock
2003-06-23$380.00/sh+620$235,600→ 620 total
Exercise: $0.51From: 2003-11-11Exp: 2009-12-21→ Common Stock (460,666 underlying)

Footnotes (4)

[F1]As previously disclosed in the Company's filings with the Commission, the original conversion price of the Series A Preferred Stock ($0.55) was adjusted to $0.51, as a result of the payment of a special dividend in respect of the Company's Common Stock.
[F2]Convertible into common stock at any time after the earlier to occur of (y) the consummation of the first public offering to stockholders of the Company of rights to purchase shares of Series A Cumulative Convertible Preferred Stock ("Series A Preferred Stock") and (z) March 31, 2004, and prior to (i) the date which is 10 days preceding the date fixed for the redemption of the Series A Preferred Stock if there is no default in payment of the change of control redemption price and (ii) December 21, 2009.
[F3]The Company will redeem 1/12th of the outstanding shares of Series A Preferred Stock on December 31, 2009 and on the last day of every calendar quarter thereafter until all outstanding shares of Series A Preferred Stock have been redeemed.
[F4]Grant of restricted stock pursuant to the Company's Non-Employee Director Compensation Plan.

Documents

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