Ted W. Gibson - 06 Jul 2022 Form 4 Insider Report for Corning Natural Gas Holding Corp (CNIG)

Role
Director
Signature
/s/ Ted W. Gibson
Issuer symbol
CNIG
Transactions as of
06 Jul 2022
Transactions value $
-$3,897,853
Form type
4
Filing time
06 Jul 2022, 16:30:59 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNIG Common Stock Disposed to Issuer -$3.9M -157K -100% $24.75 0 06 Jul 2022 Direct F1
transaction CNIG Series A Preferred Stock Disposed to Issuer -43K -100% 0 06 Jul 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ted W. Gibson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Common Stock included 48,837 shares of restricted stock.
F2 Pursuant to that certain merger agreement with ACP Crotona Corp. and ACP Crotona Merger Sub Corp., Mr. Gibson 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.