John B. Williamson III - Jul 6, 2022 Form 4 Insider Report for Corning Natural Gas Holding Corp (CNIG)

Role
Director
Signature
/s/ John B. Williamson III
Stock symbol
CNIG
Transactions as of
Jul 6, 2022
Transactions value $
-$555,984
Form type
4
Date filed
7/6/2022, 04:35 PM
Previous filing
Jul 5, 2022
Next filing
Aug 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNIG Common Stock Disposed to Issuer -$556K -22.5K -100% $24.75 0 Jul 6, 2022 Direct F1
transaction CNIG Series A Preferred Stock Disposed to Issuer -1.05K -100% 0 Jul 6, 2022 Direct F2
transaction CNIG Series B Preferred Stock Disposed to Issuer -1.42K -100% 0 Jul 6, 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John B. Williamson III is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Included 1,687 shares of Common Stock owned jointly with his spouse.
F2 Pursuant to that certain merger agreement with ACP Crotona Corp. and ACP Crotona Merger Sub Corp., Mr. Williamson 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.
F3 The shares of Series B Preferred Stock were owned jointly with his spouse.
F4 Pursuant to that certain merger agreement with ACP Crotona Corp. and ACP Crotona Merger Sub Corp., Mr. Williamson 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.