Michael I. German - 06 Jul 2022 Form 4 Insider Report for Corning Natural Gas Holding Corp

Reporting relationship: CEO and President, Director
Issuer ticker: N/A
Reported as of: 06 Jul 2022
Net transaction value: -$14,124,206
SEC form: 4
Accepted by SEC: 06 Jul 2022, 16:30:09 UTC
Prior SEC filing: 06 May 2022
Next SEC filing: 18 May 2023
Source filing: View source filing
Reporting owner signature: /s/ Michael I. German

Key filing fact

Michael I. German filed Form 4 for Corning Natural Gas Holding Corp on 06 Jul 2022.

Key facts

This page summarizes Michael I. German's Form 4 filing for Corning Natural Gas Holding Corp.
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 06 Jul 2022, 16:30.

Change

Previous filing in this sequence was filed on 06 May 2022.
Current net transaction value: -$14,124,206.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CNIG transaction

Common Stock

Disposed to Issuer

Transaction value: $14,124,206
Shares: -570,675
Change %: -100%
Price: $24.75
Shares after: 0
Date: 06 Jul 2022
Ownership: Direct
Footnotes: F1

CNIG transaction

Series A Preferred Stock

Disposed to Issuer

Transaction value
Shares: -5,129
Change %: -100%
Price
Shares after: 0
Date: 06 Jul 2022
Ownership: Direct
Footnotes: F2

CNIG transaction

Series B Preferred Stock

Disposed to Issuer

Transaction value
Shares: -57,936
Change %: -100%
Price
Shares after: 0
Date: 06 Jul 2022
Ownership: Direct
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Michael I. German is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Common Stock included 9,382 shares of Common Stock owned by Mr. German's son, of which Mr. German disclaims beneficial ownership, and 50,023 shares of Common Stock acquired through the company's Dividend Reinvestment Program.

Footnote F2

Pursuant to that certain merger agreement with ACP Crotona Corp. and ACP Crotona Merger Sub Corp., Mr. German received an amount equal to $25.00 per share of Series A Preferred Stock plus an amount equal to any accumulated unpaid dividends then outstanding.

Footnote F3

Pursuant to that certain merger agreement with ACP Crotona Corp. and ACP Crotona Merger Sub Corp., Mr. German received an amount equal to $29.70 per share of Series B Preferred Stock consisting of $24.90 in respect of the Series B Preferred Stock liquidation preference and $4.80 in respect of the conversion right of the holders of the Series B Preferred Stock, plus an amount equal to any accumulated unpaid dividends then outstanding.