SEC Info - Posner Henry Jr. - ‘4’ for 5/15/09 re: Allin Corp.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

POSNER HENRY JR

(Last)

(First)

(Middle)

381 MANSFIELD AVENUE, SUITE 500

(Street)

PITTSBURGH

15220

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ALLIN CORP [ ALLN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2009

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series H Redeemable Preferred Stock	05/15/2009		J		180	D	$10,046 ⁽¹⁾	0	D
Series F Convertible Redeemable Preferred Stock	05/15/2009		J		675	D	$1,049 ⁽²⁾	0	D
Series D Convertible Redeemable Preferred Stock	05/15/2009		J		542.002	D	$1,002 ⁽³⁾	957.998	D
Series C Redeemable Preferred Stock	05/15/2009		S		7,647.0588	D	⁽⁴⁾	0	D
Series G Convertible Redeemable Preferred Stock	05/15/2009		S		113	D	$10,145 ⁽⁵⁾	0	D
Series I Redeemable Preferred Stock	05/15/2009		P		678.8868	A	⁽⁶⁾	678.8868	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported securities were called for redemption by the issuer at a price equal to their face value of $10,000 per share plus accrued dividends of $46 per share.

2. The reported securities were called for redemption by the issuer at a price equal to their face value of $1,000 per share plus accrued divdends of $49 per share.

3. The reported securities were called for partial redemption (0.36 per share) by the issuer at a price equal to their face value of $1,000 per share plus accrued dividends of $2 per share.

4. The reporting person disposed of 7,647.0588 shares of Series C Redeemable Preferred Stock in exchnage for 234.8565 shares of Series I Redeemable Preferred Stock. Upon stockholder approval of an increase in authorized shares of common stock, the reporting person will be entitled to receive common stock warrants in connection with the exchange of the Series C Redeemable Preferred Stock.

5. Pursuant to an issuer exchange offer, the reporting person (i) disposed of 113 shares of Series G Convertible Redeemable Preferred Stock at a price equal to their face value of $10,000 per share plus accrued dividends of $145 per share and (ii) received 444.0303 shares of Series I Redeemable Preferred Stock in exchnage for an amount representing an aggregate 25% compounded annual return on the face value of the Series G Preferred Stock. Upon stockholder approval of an increase in authorized shares of common stock, the reporting person will be entitled to receive common stock warrants in connection with the exchange of the Series G Convertible Redeemable Preferred Stock.

6. See footnotes 4 and 5.

	/s/ Henry Posner, Jr.	05/18/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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Posner Henry Jr. – ‘4’ for 5/15/09 re: Allin Corp.

On: Monday, 5/18/09, at 1:21pm ET · For: 5/15/09 · As: 10% Owner · Accession #: 1181431-9-25343 · File #: 0-21395

Previous ‘4’: ‘4’ on / for 7/26/05 · Latest ‘4’: This Filing

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Posner Henry Jr. – ‘4’ for 5/15/09 re: Allin Corp.

On: Monday, 5/18/09, at 1:21pm ET · For: 5/15/09 · As: 10% Owner · Accession #: 1181431-9-25343 · File #: 0-21395

Previous ‘4’: ‘4’ on / for 7/26/05 · Latest ‘4’: This Filing

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents