TRSN 456K OS. 152K Float or so. (Float likely 100,000 shares)
Company holds 45K shares treasury stock.
Note the 78% of stock held by insiders/5% + holders.
That makes the float right at 100K shares
162,948 William D. Witter, Inc.
81,760 Penfield Partners, L.P. ("The Fund")
60,000 HUBER, CHARLES F.
---------
304,000 Approximate total
Curious 8K on "In the event of change of control..."
Item 1.01 Entry into a Material Definitive Agreement.
On December 20, 2004, Spitz, Inc. ("Spitz"), the wholly-owned subsidiary of Transnational Industries, Inc. ("Transnational"), and Jon Shaw, President and Chief Executive Officer of Transnational and Spitz and member of the Board of Directors of Transnational, executed a letter agreement providing that, in the event of a change of control, Mr. Shaw shall be eligible for a cash stay bonus equal to $50,000 (minus applicable withholding and other deductions required by law), provided that Mr. Shaw (i) remain employed by Spitz (or its successor) for at least ninety days following the change of control, or (ii) terminate his employment with good reason no later than ninety days following the change in control, or (iii) is terminated by Spitz without cause no later than ninety days following the change of control. The stay bonus shall be paid in a lump sum amount in cash within ten days of the first occurrence of an event described in
(i), (ii) or (iii) of this paragraph. A copy of the letter agreement is attached as Exhibit 10.1 hereto and is hereby incorporated by reference.
On December 20, 2004, Spitz, Inc. ("Spitz"), the wholly-owned subsidiary of Transnational Industries, Inc. ("Transnational"), and Paul Dailey, Executive Vice President - Finance and Chief Financial Officer of Transnational and Spitz, executed a letter agreement providing that, in the event of a change of control, Mr. Dailey shall be eligible for a cash stay bonus equal to $50,000 (minus applicable withholding and other deductions required by law), provided that Mr. Dailey (i) remain employed by Spitz (or its successor) for at least ninety days following the change of control, or (ii) terminate his employment with good reason no later than ninety days following the change in control, or (iii) is terminated by Spitz without cause no later than ninety days following the change of control. The stay bonus shall be paid in a lump sum amount in cash within ten days of the first occurrence of an event described in (i), (ii) or (iii) of this paragraph. A copy of the letter agreement is attached as Exhibit 10.2 hereto and is hereby incorporated by reference.
NITE 5.00 5 SCHB 6.50 5
SCHB 4.50 5 NITE 7.00 5
CARR 4.00 5 CARR 8.65 5
HILL 3.00 5 HILL 11.00 2
HDSN 1.25 5 PERT 12.00 2
PERT 1.05 5 HDSN 15.00 2
GNET 0.000 0
Top 5 Important Market Makers
MMID Volume Rank/%
/
NITE 1,100 2 / 35
INSIDER & RULE 144 TRANSACTIONS REPORTED - LAST TWO YEARS
Date Insider Shares Transaction Value*
23-Sep-04 WITTER, SYDNEY W
Director 220 Statement of Ownership N/A
18-Jun-03 HUBER, CHARLES F.
Chairman 300 Purchase at $8 per share. $2,400
16-Jun-03 HUBER, CHARLES F.
Chairman 200 Purchase at $8 per share. $1,600
12-Jun-03 HUBER, CHARLES F.
Chairman 2,287 Purchase at $3.80 - $8 per share. N/A
TOP INSIDER & RULE 144 HOLDERS
Holder Shares Reported
HUBER, CHARLES F. 60,000 18-Jun-03
WITTER, SYDNEY W 220 23-Sep-04
TOP INSTITUTIONAL HOLDERS
Holder Shares % Out Value* Reported
Witter, William D. Inc 50,318 11.02 $276,749 31-Dec-04
BREAKDOWN
% of Shares Held by All Insider and 5% Owners: 78%
% of Shares Held by Institutional & Mutual Fund Owners: 11%
% of Float Held by Institutional & Mutual Fund Owners: 50%
Number of Institutions Holding Shares: 1
