John P. Schauerman - Dec 16, 2021 Form 4 Insider Report for SYNALLOY CORP (ACNT)

Role
Director
Signature
Pauline A Sumner Power of Attorney for John P. Schauerman
Stock symbol
ACNT
Transactions as of
Dec 16, 2021
Transactions value $
$104,321
Form type
4
Date filed
12/27/2021, 02:05 PM
Previous filing
Nov 3, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACNT Common Stock Options Exercise $104K +8.18K +12.33% $12.75 74.5K Dec 16, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACNT Subscription Rights (Right to Buy) Options Exercise $0 -8.18K -100% $0.00* 0 Dec 16, 2021 Common Stock 8.18K $12.75 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 30, 2021, the issuer commenced a rights offering pursuant to which the issuer distributed non transferable subscription rights (the "Subscription Rights") to holders of record of it common stock as of 5:00 p.m. New York Time, on November 29, 2021. Each eligible recordholder received on Subscription Right for each share of common stock held of record by such holder as of the record date. Each Subscription Right entitled its holder, subject to certain limitations and conditions, to purchase 0.083768 shares of common stock at a subscription price of $12.75 per whole share. Holders of Subscription Rights that exercised in full such basic subscription rights were entitled, subject to certain limitations and conditions, to oversubscribe for additional shares of common stock that remained unsubscribed for the rights offering. The rights offering expired on December 16, 2021 and the Company announced the results of the offering on December 17, 2021.
F2 Shares directly acquired by the reporting person as a result of their exercise of subscription rights and oversubscription privilege in connection with the issuer's rights offering.