FIRST SOUTHERN FUNDING LLC 4
4 · UTG INC · Filed Aug 31, 2009
Insider Transaction Report
Form 4
UTG INCUTGN.OB
FIRST SOUTHERN FUNDING LLC
10% Owner
Transactions
- Sale
Call Option (obligation to sell)
2009-08-27−100,000→ 100,000 total(indirect: By LLC)Exercise: $10.00From: 2009-08-27Exp: 2012-08-27→ Common Stock (100,000 underlying) - Sale
Call Option (obligation to sell)
2009-08-27−100,000→ 100,000 total(indirect: By LLC)Exercise: $10.00From: 2009-08-27Exp: 2011-08-27→ Common Stock (100,000 underlying) - Sale
Common Stock
2009-08-27$10.00/sh−80,000$800,000→ 1,277,716 total(indirect: By LLC)
Holdings
- 341,997
Common Stock
Footnotes (2)
- [F1]On August 27, 2009, First Southern Bancorp, Inc. (FSB) and First Southern Holdings, LLC (FSH), individually and collectively granted call options under which a total of 200,000 shares of the Issuers' common stock may be purchased. If the options are exercised, FSB and FSH, in their sole discretion, may determine the number of shares each of them will sell to the exercising optionee, up to the full 200,000 optioned shares.
- [F2]This call option was granted without the payment of any premium concurrently with the optionees' purchase of additional shares of the Issuer's common stock, as reflected on Table I.