Heron Lake BioEnergy, LLC 4
4 · Heron Lake BioEnergy, LLC · Filed Jul 3, 2014
Insider Transaction Report
Form 4
Kunerth Michael
Director
Transactions
- Conversion
Class A Units
2014-07-01$0.30/sh+420,000$126,000→ 966,000 total(indirect: By Trust) - Conversion
Class A Units
2014-07-01$0.30/sh+420,000$126,000→ 966,000 total(indirect: By Trust) - Conversion
7.25% Subordinated Secured Notes Due 2018
2014-07-01→ 0 total(indirect: By Trust)Exercise: $0.30From: 2014-05-23Exp: 2014-06-20→ Class A Units (420,000 underlying) - Conversion
7.25% Subordinated Secured Notes Due 2018
2014-07-01→ 0 total(indirect: By Trust)Exercise: $0.30From: 2014-05-23Exp: 2014-06-20→ Class A Units (420,000 underlying)
Footnotes (5)
- [F1]Represents Class A Units acquired by the Reporting Person upon conversion of the 7.25% Subordinated Secured Notes Due 2018: 126,000 Class A Units owned by the Dawn Kunerth and Michael Kunerth Trust dated July 18, 2006, and 126,000 owned by the Michael Kunerth and Dawn Kunerth Trust dated July 18, 2006.
- [F2]Represents Class A Units beneficially owned by the Reporting Person as follows: 483,000 Class A Units owned by the Dawn Kunerth and Michael Kunerth Trust dated July 18, 2006 and 483,000 Class A Units owned by the Michael Kunerth Trust dated July 18, 2006.
- [F3]Person and his spouse are trustees of the Dawn Kunerth and Michael Kunerth Trust dated July 18, 2006 and the Michael Kunerth and Dawn Kunerth Trust dated July 18, 2006.
- [F4]Following 5/23/14 notice from the issuer of its intent to exercise its right under the indenture to redeem the 7.25% Subordinated Secured Notes on 7/1/14, the holder of the Notes could elect to convert the notes into Class A units of the Issuer. The conversion right expired 6/20/14 and the effective date of conversion for holders electing conversion was 7/1/2014.
- [F5]The principal amount of the 7.25% Subordinated Secured Notes converted into Class A Units of Heron Lake BioEnergy, LLC at a conversion rate of $.30 per unit.