Home > Insider Trading > Filing (0001437749-13-000846)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1023844	National Holdings Corp	NHLD.OB	Security & Commodity Brokers, Dealers, Exchanges & Services (6200)	364128138

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
923890	J Leonard Sokolow	1200 North Federal Highway Suite 400 Boca Raton FL 22432		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
Common Stock, Par Value $0.02 Per Share	Acquisiton	2012-09-11	340,854	$0.00	1,140,326	No	4	A	Direct
Common Stock, Par Value $0.02 Per Share	Acquisiton	2013-01-25	201,041	$0.50	1,341,367	No	4	C	Direct
Common Stock, Par Value $0.02 Per Share	Acquisiton	2013-01-25	101,214	$0.00	1,442,581	No	4	C	Direct
Common Stock, Par Value $0.02 Per Share	Acquisiton	2013-01-25	33,333	$0.30	1,475,914	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	C	Direct
No	4	C	Direct
No	4	P	Direct

Footnotes

These shares of Common Stock were issued pursuant to the Reporting Person's employment agreement, as amended on November 23, 2009.
On January 24, 2013, the holders of a majority of the outstanding shares of Series C preferred stock, par value $0.02 per share (the "Series C Preferred Stock")approved the Amended and Restated Series C Certificate of Designation. The Amended and Restated Series C Certificate of Designation provides that in the event National Holdings Corporation (the "Company") shall have raised at least $5 million through the sale of Common Stock at a purchase price no less than $0.30 per share in a private placement transaction by March 31, 2013, all outstanding shares of Series C Preferred Stock shall automatically be converted into shares of Common Stock at the then effective conversion price of the Series C Preferred Stock. The Company completed a $8.8 million private placement at $0.30 per share on January 25, 2013 and, as a result, the Series C Preferred Stock was mandatorily converted into shares of Common Stock of the Company.
On January 24, 2013, the Company entered into a Warrant Exchange Agreement with the Reporting Person pursuant to which the Reporting Person exchangedwarrants for 101,214 shares of Common Stock. The transaction closed on March 25, 2013.