AMERICAN SHARED HOSPITAL SERVICES 4
4 · AMERICAN SHARED HOSPITAL SERVICES · Filed Apr 3, 2017
Insider Transaction Report
Form 4
Ozyurek Saim Mert
Director
Transactions
- Exercise/Conversion
Common Stock
2017-03-31$2.20/sh+40,000$88,000→ 81,000 total - Exercise/Conversion
Warrants (right to purchase)
2017-03-31+40,000→ 0 totalExercise: $2.20From: 2015-10-22Exp: 2017-10-22→ Common Stock (40,000 underlying) - Tax Payment
Common Stock
2017-03-31$4.32/sh−20,370$87,998→ 60,630 total
Footnotes (2)
- [F1]The warrants were set to expire on October 22, 2017. The warrants were exercised using a cashless settlement in accordance with the terms of the Issuer's Warrant Agreement. A cashless settlement results in the reporting person holding shares upon exercise of the warrants and obligates them to surrender a portion of the shares received upon exercise of the warrants in order to satisfy the aggregate exercise price obligation.
- [F2]This component of the cashless settlement reflects the shares that the reporting person was obligated to surrender to the Issuer to pay for the aggregate exercise price for the shares acquired on March 31, 2017.