4//SEC Filing
Peterson Richard 4
Accession 0001362118-12-000128
CIK 0001325740other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 1:59 PM ET
Size
12.6 KB
Accession
0001362118-12-000128
Insider Transaction Report
Form 4
Peterson Richard
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Unit Option (Right-to-Buy)
2012-12-13−150,000→ 0 totalFrom: 2012-05-11Exp: 2021-05-12→ Units (150,000 underlying) - Exercise/Conversion
Membership Units
2012-12-14+150,000→ 175,400 total - Award
Unit Option (Right-to-Buy)
2012-12-13+150,000→ 150,000 totalFrom: 2012-12-13Exp: 2012-12-31→ Units (150,000 underlying) - Exercise/Conversion
Unit Option (Right-to-Buy)
2012-12-14−150,000→ 0 totalFrom: 2012-12-13Exp: 2012-12-31→ Units (150,000 underlying)
Footnotes (4)
- [F1]At the time of grant the exercise price schedule allowed for three tranches at 50,000 units per tranche with the Tranche A exercise price per unit of $1.50, Tranche B exercise price per unit of $3.00 and Tranche C exercise price per unit of $4.50.
- [F2]On December 13, 2012, the Board of Directors approved the following changes to the unit option with tandem appreciation rights held by Mr. Peterson: (i) the Tranche C exercise price was reduced to $4.15 from $4.50 per unit; (ii) the vesting of the option was accelerated so that the option is vested and exercisable in full as of December 13, 2012; and (iii) for the purposes of the special distribution declared on December 14, 2012 the units underlying the option would be treated as outstanding and Mr. Peterson may use the funds from the special distribution to pay the exercise price of the option.
- [F3]A unit appreciation right was granted in tandem with the non-qualified unit option. With the exercise of the non-qualified unit option, the unit appreciation right is automatically canceled.
- [F4]As a condition to the amendment described in footnote 2(iii), Mr. Peterson must exercise the unit option on or before the record date for the special distribution and if not exercised prior to December 31, 2012, the option will expire.
Documents
Issuer
Advanced BioEnergy, LLC
CIK 0001325740
Entity typeother
Related Parties
1- filerCIK 0001385478
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 1:59 PM ET
- Size
- 12.6 KB