Jenkins Francis P Jr 4
4 · Shermen WSC Acquisition Corp · Filed Jun 2, 2009
Insider Transaction Report
Form 4
Jenkins Francis P Jr
Director10% Owner
Transactions
- Other
Class A Common Stock
2009-05-28−857,142→ 3,806,608 total(indirect: See footnote) - Other
Class A Common Stock
2009-05-28−3,266,608→ 540,000 total(indirect: See footnote)
Footnotes (3)
- [F1]Shermen WSC Holding LLC, of which the reporting person is the managing member, transferred to a third party the rights to receive such shares upon their release from escrow on December 28, 2009 in exchange for the third party's agreement to purchase shares of the issuer's common stock and vote such shares in favor of the matters voted on at the issuer's annual meeting on May 26, 2009.
- [F2]Shares are held directly by Shermen WSC Holding LLC, of which the reporting person is the managing member. The reporting person has sole voting and dispositive power over the shares. Does not include 1,000,000 shares of Class A Common Stock deposited in escrow to be released upon the achievement by Westway Group, Inc. of earnings and share price targets.
- [F3]Shermen WSC Holding LLC surrendered such shares to the issuer for cancellation in accordance with an agreement among Shermen WSC Holding LLC, ED&F Man Holdings Limited and the issuer. Shermen WSC Holding LLC and the reporting person did not receive any cash or other securities from the issuer in exchange for such shares.