SINGER MICHAEL EVAN exercised options at NATIONAL HOLDINGS CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

SINGER MICHAEL EVAN

Filed: 3/6/2019ACC: 0001437749-19-004254

InsiderSINGER MICHAEL EVANCIK 1715089

→

IssuerNATIONAL HOLDINGS CORPCIK 1023844

Director

Since Feb 2018

+48.19K

Net shares

Net buyer

$38.8K

Total sold

Open market trades

0B · 0S

Total transactions

89.09K acquired · 40.90K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+25K

Price / share

—

Trade value

—

% of position

New position

2/12/2019

0.00→25K

Common Stock

Direct

M · Option Exercise

+3.50K

Price / share

—

Trade value

—

% of position

14.0%

2/12/2019

25K→28.50K

Common Stock

Direct

F · Tax Withholding

−10.88K

Price / share

$3.13

Trade value

$34.06K

% of position

38.2%

2/12/2019

28.50K→17.61K

Common Stock

Direct

F · Tax Withholding

−1.52K

Price / share

$3.13

Trade value

$4.76K

% of position

8.6%

2/12/2019

17.61K→16.09K

Total

Net shares

+16.09K

Net value

-$38.82K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/12/2019	M · Option Exercise	+25K	—	—	New position	0.00	25K
Common Stock Direct	2/12/2019	M · Option Exercise	+3.50K	—	—	14.0%	25K	28.50K
Common Stock Direct	2/12/2019	F · Tax Withholding	−10.88K	$3.13	$34.06K	38.2%	28.50K	17.61K
Common Stock Direct	2/12/2019	F · Tax Withholding	−1.52K	$3.13	$4.76K	8.6%	17.61K	16.09K
Total			+16.09K		-$38.82K

Derivative Transactions4

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

50K shares

+50K

Strike price

Held after

50K

Exercisable

—

2/12/2018

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

10.59K shares

+10.59K

Strike price

Held after

60.59K

Exercisable

—

2/12/2018

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

25K shares

−25K

Strike price

Held after

35.59K

Exercisable

—

2/12/2019

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

3.50K shares

−3.50K

Strike price

Held after

32.10K

Exercisable

—

2/12/2019

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock50K shares	2/12/2018	A · Award	+50K	—	50K
Restricted Stock Units Direct	Common Stock10.59K shares	2/12/2018	A · Award	+10.59K	—	60.59K
Restricted Stock Units Direct	Common Stock25K shares	2/12/2019	M · Option Exercise	−25K	—	35.59K
Restricted Stock Units Direct	Common Stock3.50K shares	2/12/2019	M · Option Exercise	−3.50K	—	32.10K