Henry L. Guy - 16 Dec 2021 Form 4 Insider Report for SYNALLOY CORP (ACNT)

Role
Director
Signature
Pauline A Sumner, Power of Attorney for Henry L. Guy
Issuer symbol
ACNT
Transactions as of
16 Dec 2021
Net transactions value
+$215,500
Form type
4
Filing time
27 Dec 2021, 14:13:01 UTC
Previous filing
16 Dec 2021
Next filing
15 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACNT Common Stock Options Exercise $74,422 +5,837 +11% $12.75 59,935 16 Dec 2021 Direct F1, F2
transaction ACNT Common Stock Options Exercise $11,335 +889 +13% $12.75 7,889 16 Dec 2021 By Modern Holdings Incorporated F1
transaction ACNT Common Stock Award $230 +18 +13% $12.75 155 16 Dec 2021 UTMA for Child - H. V. Guy F1
transaction ACNT Common Stock Options Exercise $230 +18 +13% $12.75 155 16 Dec 2021 UTMA for child - H. L. Guy F1
transaction ACNT Common Stock Award $140 +11 +8% $12.75 148 16 Dec 2021 UTMA for Child E. K. Guy F1
transaction ACNT Common Stock Options Exercise $140 +11 +8% $12.75 148 16 Dec 2021 UTMA for Child - G. E. Guy F1
transaction ACNT Common Stock Options Exercise $129,004 +10,118 +6.8% $12.75 157,863 16 Dec 2021 Investment Advisor F1, F3

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 -5,837 -100% $0.000000* 0 16 Dec 2021 Common Stock 5,837 $12.75 Direct F1
transaction ACNT Subscription Rights (Right to Buy) Options Exercise $0 -889 -100% $0.000000* 0 16 Dec 2021 Common Stock 889 $12.75 By Modern Holdings Incorporated F1
transaction ACNT Common Stock Options Exercise $0 -18 -100% $0.000000* 0 16 Dec 2021 Common Stock 18 $12.75 UTMA for Child - H.V. Guy F1
transaction ACNT Subscription Rights (Right to Buy) Options Exercise $0 -18 -100% $0.000000* 0 16 Dec 2021 Common Stock 18 $12.75 UTMA for Child - H.L. Guy F1
transaction ACNT Subscription Rights (Right to Buy) Options Exercise $0 -11 -100% $0.000000* 0 16 Dec 2021 Common Stock 11 $12.75 UTMA for Child - E.K. Guy F1
transaction ACNT Subscription Rights (Right to Buy) Options Exercise $0 -11 -100% $0.000000* 0 16 Dec 2021 Common Stock 11 $12.75 UTMA for Child - G.E. Guy F1
transaction ACNT Subscription Rights (Right to Buy) Options Exercise $0 -10,118 -100% $0.000000* 0 16 Dec 2021 Common Stock 10,118 $12.75 Investment Advisor F1, F3
* 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.
F3 The Reporting Person is an advisor of Pittco Direct Investment I. Pittco Direct Investment I is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the Pittco Direct Investment I shares in which the Reporting Person has no pecuniary interest.