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AMERICAN SHARED HOSPITAL SERVICES — Director's Dealing 2017
Apr 3, 2017
34986_dirs_2017-04-03_2f5db650-2553-4a99-b3ef-70f7c9e08275.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK: 0000744825
Period of Report: 2017-03-31
Reporting Person: Ozyurek Saim Mert (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-31 | Common Stock | M | 40000 | $2.2 | Acquired | 81000 | Direct |
| 2017-03-31 | Common Stock | F | 20370 | $4.32 | Disposed | 60630 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-31 | Warrants (right to purchase) | $2.2 | M | 40000 | Acquired | 2017-10-22 | Common Stock (40000) | Direct |
Footnotes
F1: The warrants were set to expire on October 22, 2017. The warrants were exercised using a cashless settlement in accordance with the terms of the Issuer's Warrant Agreement. A cashless settlement results in the reporting person holding shares upon exercise of the warrants and obligates them to surrender a portion of the shares received upon exercise of the warrants in order to satisfy the aggregate exercise price obligation.
F2: This component of the cashless settlement reflects the shares that the reporting person was obligated to surrender to the Issuer to pay for the aggregate exercise price for the shares acquired on March 31, 2017.