SEC Form 4 · accession 0000899243-16-034913
TRANS ENERGY INC · TENG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Josh Sherman
Director
Period of report
Dec 5, 2016
Accepted (ET)
Dec 5, 2016 · 4:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000919721
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | Dec 5, 2016 | D | 36,000 | $3.58 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF1 | $0.00 | Dec 2, 2016 | D | 66,000 | D | Dec 5, 2016 | Dec 5, 2016 | Common Stock | 66,000 | 0 | D |
| Employee Stock OptionF2 | $2.30 | Dec 2, 2016 | D | 36,000 | D | Aug 31, 2012 | Aug 31, 2017 | Common Stock | 36,000 | 0 | D |
| Employee Stock OptionF3 | $2.30 | Dec 2, 2016 | D | 36,000 | D | Feb 13, 2013 | Jun 30, 2018 | Common Stock | 36,000 | 0 | D |
Explanation of responses
- F1These shares of restricted Common Stock were issuable pursuant to the Company's long term incentive plan. These shares were converted into the right to receive $3.58 per share in the merger.
- F2This option was cancelled in the merger in exchange for a cash payment of $46,080, representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($3.58 per share).
- F3This option was cancelled in the merger in exchange for a cash payment of $46,080, representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($3.58 per share).