Williams Bryan 4
4 · MARSHALL EDWARDS INC · Filed May 15, 2012
Insider Transaction Report
Form 4
Williams Bryan
Director
Transactions
- Exercise of In-Money
Common stock, par value $0.00000002 per share
2012-05-11$0.89/sh+250$223→ 750 total - Exercise of In-Money
Subscription rights (right to buy)
2012-05-11−500→ 0 totalExercise: $0.45From: 2012-03-30Exp: 2012-05-11→ Units consisting of common stock and warrants (500 underlying) - Exercise of In-Money
Warrants to purchase shares of common stock
2012-05-11$0.89/sh−125$111→ 125 totalExercise: $1.19From: 2012-05-11Exp: 2017-05-10→ Common stock (125 underlying)
Footnotes (2)
- [F1]The shares of common stock, par value $0.00000002 per share ("Common Stock") and warrants to purchase Common Stock were acquired in connection with the Marshall Edwards, Inc. (the "Company") rights offering, the subscription period for which expired on May 11, 2012. In the rights offering, the Company distributed to its shareholders and holders of its Series A warrants, on a pro rata basis, subscription rights for the purchase of units. Each unit consisted of 0.50 shares of the Company's Common Stock and warrants to purchase an additional 0.25 shares of Common Stock at an exercise price of $1.19 per share. The subscription price for each unit was $0.445 (or $0.89 for two units, representing one whole share of Common Stock). (Continued in footnote 2 )
- [F2]The reporting person exercised subscription rights for an aggregate of 500 units. Accordingly, upon the closing of the rights offering, the Company issued to the reporting person 250 shares of Common Stock and warrants to purchase an additional 125 shares of Common Stock.