Goolsby Arthur J 4
4 · Piedmont Community Bank Group, Inc. · Filed Apr 2, 2009
Insider Transaction Report
Form 4
Goolsby Arthur J
Director
Transactions
- Purchase
Series A Preferred Stock
2009-03-31$25.00/sh+2,000$50,000→ 2,000 totalExercise: $6.00→ Common Stock (8,333 underlying)
Holdings
- 82,091
Common Stock
- 24,728
Options to acquire Common Stock
Exercise: $11.67Exp: 2016-02-15→ Common Stock (24,728 underlying)
Footnotes (2)
- [F1]This Form 4 covers Mr. Goolsby's acquisition of 2,000 shares of Series A Preferred Stock at a per share acquisition price of $25.00 per share. Beginning one year after the issue date, each share of Series A Preferred Stock is convertible into such number of shares of common stock equal to $25.00 (plus accrued plus unpaid dividends) by the applicable conversion price, plus cash in lieu of fractional shares. Assuming that there are no anti-dilution adjustments, the applicable conversion price is $6.00. Therefore, each share of Series A Preferred Stock is initially convertible into eight shares of common stock (plus cash in lieu of fractional shares).
- [F2]The Options are fully vested and exercisable.