4//SEC Filing
McBrayer Brett 4
Accession 0000899243-22-026753
CIK 0000006176other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 6:20 PM ET
Size
14.2 KB
Accession
0000899243-22-026753
Insider Transaction Report
Form 4
McBrayer Brett
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2022-07-22$4.00/sh+14,286$57,144→ 274,118 total - Exercise/Conversion
Series A Warrant (right to buy)
2022-07-22−32,003→ 0 totalExercise: $2.66From: 2020-09-22Exp: 2025-08-01→ Common Stock (14,286 underlying)
Footnotes (3)
- [F1]Represents the conversion of Series A warrants issued by the Issuer as part of a rights offering that closed on September 22, 2020, converted at the temporarily discounted price of $1.7856 per Series A warrant (or $4.00 per whole share of the Issuer's common stock). Beginning May 31, 2022 and expiring at 11:59 p.m. Eastern Time on July 15, 2022, the Issuer through an offer to exercise offered holders of the Issuer's outstanding Series A warrants the opportunity to exercise their Series A warrants at the temporarily reduced exercise price of $1.7856 per Series A warrant (or $4.00 per whole share of the Corporation's common stock).
- [F2]Other than between May 31, 2022 and before 11:59 p.m. Eastern Time on July 15, 2022, when each Series A warrant represented the right to purchase 0.4464 shares of common stock at a temporarily reduced exercise price of $1.7856 per each Series A warrant, each Series A warrant represents the right to purchase 0.4464 shares of common stock at an exercise price of $2.5668 per series A warrant (or $5.75 per whole share of the Issuer's common stock). The Series A warrants are exercisable only for whole numbers of shares of Common Stock.
- [F3]Series A warrants were issued on September 22, 2020 upon the conversion of a subscription right issued by the Issuer as part of a rights offering. Each subscription right was exercisable for units that consisted of (i) 0.4464 shares of common stock and (ii) a Series A warrant exercisable to acquire 0.4464 shares of common stock at an exercise price of $2.5668 (or $5.75 per whole share of common stock under the Series A warrants). The subscription price of each unit was $1.5624 per unit (or $3.50 per whole share of common stock and Series A warrants to purchase a whole share of common stock). The securities issued upon conversion of the subscription rights are exempted from Section 16(b) pursuant to Rule 16b-3.
Issuer
AMPCO PITTSBURGH CORP
CIK 0000006176
Entity typeother
Related Parties
1- filerCIK 0001744984
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 6:20 PM ET
- Size
- 14.2 KB