SEC Form 5 · accession 0001190648-16-000002
TRANS LUX Corp · TNLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan K Greene
Director
Period of report
Dec 31, 2015
Accepted (ET)
Feb 19, 2016 · 2:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000099106
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription Rights (right to buy) | $200.00 | Nov 19, 2015 | X | 8,333 | D | Oct 12, 2015 | Nov 19, 2015 | Series B Convertible Preferred Stock | 252 | 0 | D |
| Series B Convertible Preferred StockF1 | $10.00 | Nov 19, 2015 | X | 252 | A | — | — | Common Stock | 5,040 | 252 | D |
Explanation of responses
- F1The Series B Preferred is convertible into shares of the Issuer's common stock at an initial conversion price of $10.00 per share, representing a conversion ratio of 20 shares of common stock for each share of Series B Preferred held at the time of conversion, subject to adjustment. The Series B Preferred may be subject to mandatory conversion after three years, or as early as one year under certain circumstances and will have a priority upon liquidation equal to the greater of $200.00 per share and the amount payable on the number of shares of common stock into which a share of Series B Preferred would have been converted.