WORMAN GLENN C. (President and CFO) exercised options at NATIONAL HOLDINGS CORP

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

M · 2 exercises

WORMAN GLENN C.

Filed: 1/31/2019ACC: 0001437749-19-001620

InsiderWORMAN GLENN C.CIK 1642077

→

IssuerNATIONAL HOLDINGS CORPCIK 1023844

Officer· President and CFO

Since Jul 2017

+550.99K

Net shares

Net buyer

$28.4K

Total sold

Open market trades

0B · 0S

Total transactions

585.88K acquired · 34.89K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+15.63K

Price / share

—

Trade value

—

% of position

New position

7/19/2018

0.00→15.63K

Common Stock

Direct

F · Tax Withholding

−5.31K

Price / share

$3.21

Trade value

$17.04K

% of position

34.0%

7/19/2018

15.63K→10.32K

Common Stock

Direct

M · Option Exercise

+10.42K

Price / share

—

Trade value

—

% of position

101.0%

12/27/2018

10.32K→20.73K

Common Stock

Direct

F · Tax Withholding

−3.54K

Price / share

$3.20

Trade value

$11.32K

% of position

17.1%

12/27/2018

20.73K→17.20K

Total

Net shares

+17.20K

Net value

-$28.36K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	7/19/2018	M · Option Exercise	+15.63K	—	—	New position	0.00	15.63K
Common Stock Direct	7/19/2018	F · Tax Withholding	−5.31K	$3.21	$17.04K	34.0%	15.63K	10.32K
Common Stock Direct	12/27/2018	M · Option Exercise	+10.42K	—	—	101.0%	10.32K	20.73K
Common Stock Direct	12/27/2018	F · Tax Withholding	−3.54K	$3.20	$11.32K	17.1%	20.73K	17.20K
Total			+17.20K		-$28.36K

Derivative Transactions5

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

125K shares

+125K

Strike price

Held after

125K

Exercisable

—

7/19/2017

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

137.14K shares

+137.14K

Strike price

Held after

262.14K

Exercisable

—

4/10/2018

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

15.63K shares

−15.63K

Strike price

Held after

246.52K

Exercisable

—

7/19/2018

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

297.69K shares

+297.69K

Strike price

Held after

544.21K

Exercisable

—

11/1/2018

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

10.42K shares

−10.42K

Strike price

Held after

533.79K

Exercisable

—

12/27/2018

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock125K shares	7/19/2017	A · Award	+125K	—	125K
Restricted Stock Units Direct	Common Stock137.14K shares	4/10/2018	A · Award	+137.14K	—	262.14K
Restricted Stock Units Direct	Common Stock15.63K shares	7/19/2018	M · Option Exercise	−15.63K	—	246.52K
Restricted Stock Units Direct	Common Stock297.69K shares	11/1/2018	A · Award	+297.69K	—	544.21K
Restricted Stock Units Direct	Common Stock10.42K shares	12/27/2018	M · Option Exercise	−10.42K	—	533.79K