SEC Form 4 · accession 0000101295-18-000001
UNITED GUARDIAN INC · UG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth H Globus
Officer — President · Director · 10% Owner
Period of report
Sep 24, 2018
Accepted (ET)
Sep 25, 2018 · 2:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000101295
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 24, 2018 | G | 5,620 | $0.00 | D | 1,362,053 | I | 301,026 shares held by wife; 760,000 shares as trustee |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1After the transfer of the 5,620 shares being gifted, Reporting Person's Direct ownership is 301,027 shares, and Indirect ownership is 1,061,026 shares. Of the Indirect ownership, 301,026 share are owned by the wife of the Reporting Person, and 760,000 shares are under the direct control of the Reporting Person as co-trustee of the Alfred R. Globus Testamentary Trust.
Remarks
Since this form doesn't allow detailed explanations if "Direct" ownership" is indicated in box 10, Reporting Person has used "Indirect" in box 10 so that a more detailed explanation of Reporting Person's ownership can be described. As a result, there are 301,027 shares that are owned Directly by Reporting Person, and the balance of the 1,362,053 shares are beneficially owned by Reporting person due to the ownership of 301,026 shares by Reporting Person's wife, and 760,000 shares owned by the Alfred R. Globus Testamentary Trust, of which the Reporting Person is a co-trustee.