SEC Form 4 · accession 0000899243-16-034925
TRANS ENERGY INC · TENG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark D Woodburn
10% Owner
Period of report
Dec 5, 2016
Accepted (ET)
Dec 5, 2016 · 4:52 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 | 443,011 | $3.58 | D | 0 | D | |
| COMMON STOCK | Dec 5, 2016 | D | 397,100 | $3.58 | D | 0 | I | By Spouse |
| COMMON STOCK | Dec 5, 2016 | D | 739,956 | $3.58 | D | 0 | I | By MDW Capital, Inc. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $2.30 | Dec 5, 2016 | D | 150,000 | D | Jun 26, 2012 | Jun 26, 2017 | Common Stock | 150,000 | 0 | D |
Explanation of responses
- F1This option was cancelled in the merger in exchange for a cash payment of $192,000, 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).