Hill Dan W III 4
4 · YADKIN VALLEY FINANCIAL CORP · Filed Oct 26, 2012
Insider Transaction Report
Form 4
Hill Dan W III
Director
Transactions
- Purchase
Mandatorily Convertible Cumulative NonVoting Preferred Stock
2012-10-24$1000.00/sh+60$60,000→ 60 total(indirect: r/i/n/o Dan Hill and Associates Profit Sharing Plan)Exercise: $2.80→ Common Stock (21,429 underlying)
Holdings
- 141,982.742(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]The full title of the Security is Mandatorily Convertible Cumulative Non-Voting Perpetual Preferred Stock, Series A
- [F2]Subject to shareholders' approval of the conversion into common stock
- [F3]The Series A Preferred Stock is convertible into common stock upon shareholder approval in accordance with the Articles of Amendment to the Articles of Incorporation
- [F4]The Series A Preferred Stock is perpetual, and thus, has no expiration date