Kunerth Michael 4
4 · Heron Lake BioEnergy, LLC · Filed May 24, 2013
Insider Transaction Report
Form 4
Kunerth Michael
Director
Transactions
- Purchase
7.25% Subordinated Secured Notes Due 2018
2013-05-17$126000.00/sh(indirect: By Trust)Exercise: $0.30From: 2014-10-01Exp: 2018-10-01→ Class A Units (420,000 underlying) - Purchase
7.25% Subordinated Secured Notes Due 2018
2013-05-17$126000.00/sh(indirect: By Trust)Exercise: $0.30From: 2014-10-01Exp: 2018-10-01→ Class A Units (420,000 underlying)
Footnotes (4)
- [F1]The Subordinated Notes are convertible on: (i) October 1, 2014, (ii) each anniversary date thereafter prior to the maturity date, (iii) the maturity date of October 1, 2018, and (iv) immediately prior to the effective time of any sale of all or substantially all of the assets of the Company or merger.
- [F2]The Company reserved the right to issue Class B Units upon conversion if the principal balance of the Subordinated Notes exceeds the authorized Class A Units at the conversion rate.
- [F3]Units are held by the Dawn Kunerth Trust. Dawn Kunerth is the spouse of the reporting person.
- [F4]Units are held by the Michael Kunerth Trust.