SEC Form 4 · accession 0001493152-16-010450
MGT CAPITAL INVESTMENTS, INC. · MGTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Ladd
Officer — President, CEO, Interim CFO · Director
Period of report
May 25, 2016
Accepted (ET)
May 31, 2016 · 9:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001001601
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | May 25, 2016 | J | 465,171 | $0.00 | D | 157,300 | I | REF |
| Common StockF2 | May 25, 2016 | S | 157,300 | $2.44 | D | 0 | I | REF |
| Common StockF3 | May 26, 2016 | A | 300,000 | — | A | 573,603 | D | |
| Common Stock | May 31, 2016 | S | 33,603 | $2.53 | D | 540,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Laddcap Value made a pro rata distribution for no consideration of an aggregate of 465,171 shares of Common Stock of the Issuer to its limited partners on May 25, 2016.
- F2Indirectly owned by Laddcap Value Partners III LLC ("Laddcap Value"). Mr. Ladd serves as Managing Member of Laddcap Value. Mr. Ladd, by virtue of his status as Managing Member of Laddcap Value may be deemed to beneficially own the securities held by Laddcap Value. Mr. Ladd hereby disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F3The securities were acquired through a grant pursuant to MGT's Amended and Restated 2012 Stock Incentive Plan. The restricted stock vests over 24 months with 33% vesting on each of June 1, 2017, December 1, 2017 and June 1, 2018.