ORIGEN FINANCIAL INC 4
4 · ORIGEN FINANCIAL INC · Filed Apr 10, 2008
Insider Transaction Report
Form 4
Davidson William M.
10% Owner
Transactions
- Other
Stock Purchase Warrant (right to buy)
2008-04-08+2,600,000→ 2,600,000 total(indirect: By Trust)Exercise: $1.22From: 2008-04-08Exp: 2013-04-08→ Common Stock (2,600,000 underlying) - Expiration (Short)
Stock Purchase Warrant (right to buy)
2008-04-08−500,000→ 0 total(indirect: By Trust)Exercise: $6.16From: 2007-09-11Exp: 2012-09-11→ Common Stock (500,000 underlying) - Expiration (Short)
Senior Secured Convertible Promissory Note (right to buy)
2008-04-08−801,667→ 0 total(indirect: By Trust)Exercise: $6.24From: 2007-09-11Exp: 2008-09-11→ Common Stock (801,667 underlying)
Footnotes (1)
- [F1]The reporting person's grantor trust (the "Trust") acquired a new stock purchase warrant in connection with (1) an amendment and restatement of a $15 million secured loan agreement between Origen Financial, Inc. (the "Company") and the Trust, as of April 8, 2008, pursuant to which the previous senior secured convertible promissory note was amended to eliminate the conversion feature, and (2) the Company and the Trust entered into a new $46 million secured loan agreement, the Warrant and a realted Registration Rights Agreement, all as of April 8, 2008. As part of these transactions, a warrant to purchase 500,000 shares of Common Stock previously issued to the Trust and the related Registration Rights Agreement were cancelled.