Home > Insider Trading > Filing (0001209191-10-015028)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
884892	Terra Nova Financial Group Inc	TNFG	Security Brokers, Dealers & Flotation Companies (6211)	752375969

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1316550	Forest Hill Capital, Llc	100 Morgan Keegan Drive Suite 430 Little Rock AR 72202		No	No	Yes	No
1424985	A Mark Lee	100 Morgan Keegan Drive Suite 430 Little Rock AR 72202		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock - $0.01 Par Value	Disposition	2010-03-03	1,000,657	$0.70	1,959,536	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote

Footnotes

The filing of this Form 4 shall not be construed as an admission that Forest Hill Capital, LLC ("Forest Hill") or Mark A. Lee, the manager of Forest Hill, is or was, for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any of the shares of common stock of Terra Nova Financial Group, Inc. (the "Common Stock") purchased for the accounts of Forest Hill Select Fund, L.P. and Forest Hill Select Offshore, Ltd. Pursuant to Rule 16a-1, both Forest Hill and Mark A. Lee disclaim such beneficial ownership.
Forest Hill holds indirectly the shares of Common Stock of Terra Nova Financial Group, Inc. through the accounts of Forest Hill Select Fund, L.P. and Forest Hill Select Offshore, Ltd., of which Forest Hill is the general partner and the investment manager, respectively. As the general partner of Forest Hill Select Fund, L.P., Forest Hill receives an asset-based fee and a capital allocation from, and owns a partnership interest in, Forest Hill Select Fund, L.P. Forest Hill also receives a performance-based and asset-based fee as the investment manager to Forest Hill Select Offshore, Ltd. Mark A. Lee reports the shares held indirectly by Forest Hill because, as the manager of Forest Hill at the time of purchase, he controlled the disposition and voting of the securities.