Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Filing Details

Accession Number:
0001437749-14-021096
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-11-19 12:22:33
Reporting Period:
2014-11-14
Filing Date:
2014-11-19
Accepted Time:
2014-11-19 12:22:33
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
8855 American Locker Group Inc ALGI Partitions, Shelvg, Lockers, & Office & Store Fixtures (2540) 160338330
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1064426 B Paul Luber 2101 East Glendale Avenue
Whitefish Bay WI 53211
Yes No No 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 ($1.00 Par) Disposition 2014-11-14 147,058 $0.07 20,179 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock ($1.00 Par) Series C Preferred $1.98 2014-01-11 50,505 20,000 Direct
Common Stock ($1.00 Par) Series D Preferred $1.00 2014-12-08 25,000 5,000 Direct
Common Stock ($1.00 Par) Call Option (Right to Purchase) $0.01 24,000 24,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
50,505 20,000 Direct
25,000 5,000 Direct
24,000 24,000 Direct
Footnotes
  1. Mr. Luber may convert the shares of Series C Preferred Stock at any time. This conversion right has no expiration date, except that such right will terminate upon the redemption by the issuer of the Series C Preferred Stock.
  2. Mr. Luber may convert the Series D Preferred Stock at any time after December 8, 2014. This conversion right has no expiration date, except that such right will terminate upon the redemption by the issuer of the Series D Preferred Stock.
  3. In connection with Mr. Luber's purchase of the Series D Preferred Stock, the issuer granted Mr. Luber the right to purchase 24,000 shares of common stock, par value $1.00 per share, for a purchase price of $0.01 per share. Mr. Luber may exercise this purchase right when he elects to convert his shares of Series D Preferred Stock into shares of common stock.