SEC Form 4 · accession 0001209191-18-056530
Triumph Financial, Inc. · TFIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas M Kratz
Director
Period of report
Oct 26, 2018
Accepted (ET)
Oct 30, 2018 · 4:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001539638
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 26, 2018 | C | 141,057 | — | A | 292,364 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Preferred StockF1,F2 | — | Oct 26, 2018 | C | 20,325 | D | Oct 15, 2013 | — | Common Stock | 141,057 | 0 | D |
Explanation of responses
- F1On October 26, 2018, the Reporting Person exercised his option to convert 20,325 shares of Series B Preferred Stock of the Issuer into 141,057 shares of common stock at a conversion rate of 6.94008 shares of common stock for every one share of Series B Preferred Stock.
- F2The Series B Preferred Stock is perpetual, subject to redemption at the option of the Issuer. The shares of Series B Preferred Stock were convertible at the option of the holder at any time since the holder acquired the shares of Series B Preferred Stock on 10/15/2013.