Allan C. Silber - Mar 11, 2021 Form 4 Insider Report for Heritage Global Inc. (HGBL)

Role
10%+ Owner
Signature
/s/ Allan C. Silber
Stock symbol
HGBL
Transactions as of
Mar 11, 2021
Transactions value $
-$1,790,756
Form type
4
Date filed
5/11/2021, 05:28 PM
Next filing
Jun 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HGBL Common Stock Sale -$135K -44.9K -11.98% $3.00 330K Mar 11, 2021 Direct F1, F2
transaction HGBL Common Stock Sale -$52.9K -17.6K -5.35% $3.00 312K Mar 12, 2021 Direct
transaction HGBL Common Stock Options Exercise $8.3K +10K +3.21% $0.83* 322K Mar 24, 2021 Direct
transaction HGBL Common Stock Options Exercise $5.3K +10K +3.11% $0.53* 332K Mar 24, 2021 Direct
transaction HGBL Common Stock Options Exercise $4K +10K +3.01% $0.40* 342K Mar 24, 2021 Direct
transaction HGBL Common Stock Options Exercise $4.8K +10K +2.92% $0.48* 352K Mar 24, 2021 Direct
transaction HGBL Common Stock Options Exercise $11.3K +25K +7.1% $0.45* 377K Mar 24, 2021 Direct
transaction HGBL Common Stock Options Exercise $2.4K +10K +2.65% $0.24* 387K Mar 24, 2021 Direct
transaction HGBL Common Stock Tax liability -$36.1K -12.3K -3.17% $2.94 375K Mar 24, 2021 Direct
transaction HGBL Common Stock Sale -$147K -50K -1.22% $2.94 4.05M Mar 17, 2021 Anglian Holdings, LLC F3, F4
transaction HGBL Common Stock Sale -$129K -43.2K -1.07% $2.98 4.01M Mar 18, 2021 Anglian Holdings, LLC F4, F5
transaction HGBL Common Stock Sale -$106K -35.7K -0.89% $2.96 3.97M Mar 19, 2021 Anglian Holdings, LLC F4, F6
transaction HGBL Common Stock Sale -$748K -250K -6.29% $2.99 3.72M Mar 22, 2021 Anglian Holdings, LLC F4, F7
transaction HGBL Common Stock Sale -$41.3K -13.8K -0.37% $2.99 3.71M Mar 23, 2021 Anglian Holdings, LLC F4, F8
transaction HGBL Common Stock Sale -$3.56K -1.2K -0.03% $2.97 3.71M Mar 24, 2021 Anglian Holdings, LLC F4, F9
transaction HGBL Common Stock Sale -$146K -50K -1.35% $2.92 3.66M Mar 25, 2021 Anglian Holdings, LLC F4, F10
transaction HGBL Common Stock Sale -$84.6K -28.7K -0.78% $2.95 3.63M Mar 26, 2021 Anglian Holdings, LLC F4, F11
transaction HGBL Common Stock Sale -$4.44K -1.51K -0.04% $2.95 3.63M Mar 29, 2021 Anglian Holdings, LLC F4
transaction HGBL Common Stock Sale -$32.5K -11K -0.3% $2.95 3.62M Apr 1, 2021 Anglian Holdings, LLC F4, F12
transaction HGBL Common Stock Sale -$27.1K -9.03K -0.25% $3.00 3.61M Apr 5, 2021 Anglian Holdings, LLC F4, F13
transaction HGBL Common Stock Sale -$8.78K -2.93K -0.08% $3.00 3.6M Apr 6, 2021 Anglian Holdings, LLC F4
transaction HGBL Common Stock Sale -$52.8K -17.6K -0.49% $3.00 3.59M Apr 7, 2021 Anglian Holdings, LLC F4
transaction HGBL Common Stock Sale -$73.2K -24.4K -0.68% $3.00 3.56M Apr 8, 2021 Anglian Holdings, LLC F4, F14
transaction HGBL Common Stock Sale -$300 -100 0% $3.00 3.56M Apr 9, 2021 Anglian Holdings, LLC F4
holding HGBL Common Stock 48K Mar 11, 2021 By spouse F15

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 HGBL Employee Stock Option (right to buy) Options Exercise $0 -10K -100% $0.00* 0 Mar 24, 2021 Common Stock 10K $0.83 Direct F16
transaction HGBL Employee Stock Option (right to buy) Options Exercise $0 -10K -100% $0.00* 0 Mar 24, 2021 Common Stock 10K $0.53 Direct F16
transaction HGBL Employee Stock Option (right to buy) Options Exercise $0 -10K -100% $0.00* 0 Mar 24, 2021 Common Stock 10K $0.40 Direct F16
transaction HGBL Employee Stock Option (right to buy) Options Exercise $0 -10K -100% $0.00* 0 Mar 24, 2021 Common Stock 10K $0.48 Direct F16
transaction HGBL Employee Stock Option (right to buy) Options Exercise $0 -25K -100% $0.00* 0 Mar 24, 2021 Common Stock 25K $0.45 Direct F16
transaction HGBL Employee Stock Option (right to buy) Options Exercise $0 -10K -100% $0.00* 0 Mar 24, 2021 Common Stock 10K $0.24 Direct F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.00 to $3.03, inclusive. The reporting person undertakes to provide to Heritage Global Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (3), (5), (6), (7), (8), (9), (10), (11), (12) and (13) to this Form 4.
F2 This amount reflects certain shares held by the reporting person directly that were not previously reported.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.93 to $2.95, inclusive.
F4 Anglian Holdings, LLC is a limited liability company solely owned by the reporting person.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.95 to $3.00, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.95 to $2.99, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.97 to $3.04, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.95 to $3.01, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.96 to $2.98, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.90 to $2.99, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.95 to $2.97, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.95 to $2.96, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.00 to $3.02, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.00 to $3.01, inclusive.
F15 The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F16 Options originally vested 25% annually beginning on the first anniversary of the grant date. Unvested options accelerated on the reporting person's resignation as a director.