WALTMAN HOWARD 5
5 · EMERGENT GROUP INC/NY · Filed Apr 3, 2009
Insider Transaction Report
Form 5
WALTMAN HOWARD
Director
Transactions
- Gift
Common Stock
2009-08-22−300,607→ 0 total(indirect: Owned by faimily limited liability company) - Gift
Common Stock Warrants/Options
2008-08-22−22,059→ 0 total(indirect: Owned by family limited liability)Exercise: $1.75From: 2008-07-30Exp: 2013-07-31→ Common Stock (22,059 underlying)
Footnotes (4)
- [F1]A limited liability company owned by Mr. Waltman's family owns 300,607 shares of common stock of the issuer and warrants to purchase 22,059 shares. Until August 22, 2008, Mr. Waltman had the power to vote these shares and a 1% ownership interest in these securities. On August 22, 2008, he relinquished his voting control over these securities and gifted his interest to other members of his family.
- [F2]No price is given as Mr. Waltman's interest was gifted to members of his family.
- [F3]Amounts shown in table 1 and table ii do not include 66,765 shares and 97,059 options/warrants owned by Mr. Waltman on August 22, 2008.
- [F4]For clarity, the securities shown gifted in tables I and II are no longer beneficially owned by Mr. Waltman but continue to be owned by members of his family in which he disclaims any beneficial ownership.