X0202 4/A 2006-04-19 2006-04-21 0000004164 ALPINE GROUP INC /DE/ APNI.OB 0001038443 ELBAUM STEVEN SOLOMON C/O THE ALPINE GROUP, INC. ONE MEADOWLANDS PLAZA, SUITE 801 EAST RUTHERFORD NJ 07073 1 1 1 0 Chairman of the Board and CEO Common Stock 2006-04-19 4 A 0 62192 0 A 3136498 D Common Stock 2006-04-19 4 S 0 401335 3.375 D 2735163 D Common Stock 2004-02-27 4 A 0 5000 1.50 A 5000 I Custodian shares Common Stock 1988-08-08 4 A 0 1262 0 A 1262 I Custodian shares Employee Stock Option .76 2005-12-16 4 M 0 150000 0 D 2005-06-21 2013-06-20 Common Stock 150000 0 D Employee Stock Option .76 2004-08-10 4 M 0 150000 0 D 2004-06-21 2013-06-20 Common Stock 150000 0 D Employee Stock Option (Right to Buy) .76 2003-06-20 4 A 0 450000 0 A 2004-06-21 2013-06-20 Common Stock 450000 450000 D Series A Cumulative Convertible Preferred Stock .51 2003-06-23 4 P 0 2980 380.00 A 2003-11-11 2009-12-21 Common Stock 2214169 2980 D Series A Cumulative Convertible Preferred Stock .51 2003-06-23 4 P 0 968 380.00 A 2003-11-11 2009-12-21 Common Stock 719232 968 I Interest in Limited Liability Company Shares owned by Mr. Elbaum's wife as custodian for their minor son. Mr. Elbaum disclaims beneficial ownership of such shares, and this report should not be deemed an admission that Mr. Elbaum is the beneficial owner of such shares for purposes of Section 16 or for any other purpose. As previously disclosed in the Company's filings with the Commission, the original conversion price of the Series A Preferred Stock ($0.55) was adjusted to $0.51, as result of the payment of a special dividend in respect of the Company's Common Stock. Convertible into common stock at any time after the earlier to occur of (y) the consummation of the first public offering to stockholders of the Company of rights to purchase shares of Series A Cumulative Convertible Preferred Stock ("Series A Preferred Stock") and (z) March 31, 2004, and prior to (i) the date which is 10 days preceding the date fixed for the redemption of the Series A Preferred Stock if there is no default in payment of the change of control redemption price and (ii) December 21, 2009. The Company will redeem 1/12th of the outstanding shares of Series A Preferred Stock on December 31, 2009 and on the last day of every calendar quarter thereafter until all outstanding shares of Series A Preferred Stock have been redeemed. Shares owned by Mr. Elbaum through his interest in certain limited liability companies. The option, which was granted in a transaction exempt under Rule 16b-3, vests in three equal annual installments beginning on the first anniversary of the date of grant. Shares owned by Mr. Elbaum as custodian for his minor daughter. Mr. Elbaum disclaims beneficial ownership of such shares, and this report should not be deemed an admission that Mr. Elbaum is the beneficial owner of such shares for purposes of Section 16 or for any other purpose. Grant of Restricted Stock, which was granted in a transaction exempt under Rule 16b-3, vests in three equal installments beginning on the first anniversary of the date of the grant. Sale of Common Stock pursuant to the Company's Modified Dutch Auction Tender Offer. Grant of restricted stock. Stewart H. Wahrsager 2006-04-24