PIERRE MERCEDES A 4
4 · ELLSWORTH CONVERTIBLE GROWTH & INCOME FUND INC · Filed Nov 6, 2003
Insider Transaction Report
Form 4
PIERRE MERCEDES A
Other
Transactions
- Exercise of In-Money
Common Stock
2003-11-05$7.76/sh+228$1,769→ 1,974 total - Exercise of In-Money
Subscription Rights (Right to buy)
2003-11-05−1,368→ 384 totalExercise: $7.76From: 2003-10-17Exp: 2003-11-19→ Common Stock (228 underlying)
Footnotes (2)
- [F1]Based on an estimated subscription price per share of 95% of the average of the volume-weighted average sales prices of a share of the ECF's Common Stock on the American Stock Exchange ("AMEX") on October 14, 2003 and the four preceding trading days. The actual subscription price per share will be the lesser of 95% of (A) the net asset value per share of the ECF's Common Stock on the AMEX on November 20, 2003, or (B) the average of the volume-weighted average sales prices of a share of the ECF's Common Stock on the AMEX on November 20, 2003 and the four preceding trading days.
- [F2]Includes 816 shares acquired on various dates in fiscal years 1998 through 2003 under the ECF dividend reinvestment plan.