Englert Jerry F 4
4 · BofI Holding, Inc. · Filed Apr 25, 2013
Insider Transaction Report
Form 4
Englert Jerry F
Director
Transactions
- Conversion
Series C Preferred Stock
2013-04-24−50→ 0 totalExercise: $30.50→ Common Stock (16,393.443 underlying) - Conversion
Common Stock
2013-04-24+16,393→ 442,438 total
Footnotes (3)
- [F1]These shares are held by the Englert Family Trust, for which the reporting person serves as co-trustee.
- [F2]On April 4, 2013, the trading price of the Common Stock of BofI Holding, Inc. closed at $35.79, marking the twentieth trading day in the previous 30 trading days that the Common Stock closed above $35.00, triggerng the right of the Company to exercise its mandatory conversion right in accordance with the Certificate of Designations of the Preferred Stock. The Mandatory Conversion Date was set to be April 24, 2013 as announced by the Company on April 10, 2013.
- [F3]On the Mandatory Conversion Date, holders of Preferred Stock received 327.86885 shares of Common Stock for each share of Preferred Stock converted, reflecting an approximate conversion price of $30.50 per share based on the initial issuance price of $10,000 per share of Preferred Stock. Any fractional shares were paid in cash at the rate of $38.75.