4//SEC Filing
Garner Bradley G 4
Accession 0001437749-20-013702
CIK 0000797465other
Filed
Jun 22, 8:00 PM ET
Accepted
Jun 23, 6:09 PM ET
Size
12.1 KB
Accession
0001437749-20-013702
Insider Transaction Report
Form 4
Garner Bradley G
CFO and CAO
Transactions
- Exercise/Conversion
Common Stock, par value $0.02 per share
2020-06-19$0.65/sh+495$322→ 84,208 total - Exercise/Conversion
Common Stock, par value $0.02 per share
2020-06-19$0.65/sh+150$98→ 265 total(indirect: By Spouse) - Exercise/Conversion
Subscription Rights (right to buy)
2020-06-19−115→ 0 total(indirect: By Spouse)Exercise: $0.65From: 2020-05-18Exp: 2020-06-19→ Common Stock, par value $0.02 per share (150 underlying) - Exercise/Conversion
Subscription Rights (right to buy)
2020-06-19−380→ 0 totalExercise: $0.65From: 2020-05-18Exp: 2020-06-19→ Common Stock, par value $0.02 per share (495 underlying)
Footnotes (3)
- [F1]Represents shares of the issuer's common stock purchased by the Reporting Person from the exercise of his basic subscription rights under the issuer's rights offering that expired June 19, 2020. Rights holders who fully exercised their basic subscription privilege were entitled to an over-subscription privilege in which they could subscribe for additional shares of common stock, subject to reduction in certain circumstances.
- [F2]The Reporting Person elected to exercise his over-subscription privilege. However, because the over-subscription requests exceeded the number of shares of common stock available for sale in the rights offering, the issuer will allocate the available shares of common stock pro rata among each rights holder properly exercising their over-subscription privilege in proportion to the number of shares of common stock such person subscribed for under the basic subscription privilege. Consequently, the Reporting Person will receive additional shares of common stock to the extent that his over-subscription privilege is fulfilled, but the actual number of additional shares of common stock will not be known until the proration process has been completed. Such additional shares of common stock (once determined) will be reported on an amendment to this Form 4 or on a subsequent Form 4.
- [F3]The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Documents
Issuer
HG Holdings, Inc.
CIK 0000797465
Entity typeother
Related Parties
1- filerCIK 0001736405
Filing Metadata
- Form type
- 4
- Filed
- Jun 22, 8:00 PM ET
- Accepted
- Jun 23, 6:09 PM ET
- Size
- 12.1 KB