4//SEC Filing
WIERDA CRAIG A 4
Accession 0000926044-07-000002
CIK 0000835409other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 3:50 PM ET
Size
7.4 KB
Accession
0000926044-07-000002
Insider Transaction Report
Form 4
CLARION TECHNOLOGIES INC/DE/CLAR.OB
WIERDA CRAIG A
Director
Transactions
- Award
Series A Preferred Stock
2007-01-01+274.95→ 545.45 total(indirect: By LLC)Exercise: $1.75From: 2007-01-01→ Common Stock (157,114 underlying)
Footnotes (4)
- [F1]At any time and from time to time, holders of Series A Preferred Stock can convert such shares into shares of common stock of Clarion Technologies, Inc. by multiplying the number of shares to be converted by $1,000 and dividing that result by the conversion price then in effect, initially $1.75. The conversion price is subject to adjustment as a result of subdivisions or combinations of common stock, reorganizations, reclassifications, consolidations, mergers, sales of all or substantially all of Clarion Technology, Inc.'s assets, or if Clarion Technologies, Inc. in certain circumstances, issues common stock at below fair market prices. The holder of the Series A Preferred Stock may also convert accrued and unpaid dividends on such shares into a number of shares of common stock of Clarion Technologies, Inc. computed by dividing the amount of accrued and unpaid dividends by the conversion price then in effect.
- [F2]The Series A Preferred terms do not contain an expiration date. The Series A Preferred is subject to mandatory redemption on June 30, 2007.
- [F3]Clarion Technologies, Inc. issued 274.95 shares of Series A Preferred Stock to Crown Realty Holdings, LLC as consideration for a loan made to Claroin Technologies, Inc.
- [F4]In addition, Mr. Wierda indirectly beneficially owns 969.3 shares of Series A Preferred Stock held by the Emilie D. Wierda Living Trust; 1,690 shares of Series A Preferred Stock held by the Emilie D. Wierda GRAT, and 455 shares of Series A Preferred Stock held by the Craig Wierda GRAT.
Documents
Issuer
CLARION TECHNOLOGIES INC/DE/
CIK 0000835409
Entity typeother
Related Parties
1- filerCIK 0001115706
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 3:50 PM ET
- Size
- 7.4 KB