SEC Form 4 · accession 0001209191-16-150600
FIRST ACCEPTANCE CORP /DE/ · FAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rhodes R Bobbitt
Director
Period of report
Nov 14, 2016
Accepted (ET)
Nov 16, 2016 · 5:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001017907
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 14, 2016 | P | 35,000 | $0.9129 | A | 103,826 | I | By IRA |
| Common StockF2 | Nov 16, 2016 | P | 45,600 | $1.1686 | A | 149,426 | I | By IRA |
| Common Stock | holding | — | — | — | 478,661 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $0.87 to $0.95, inclusive. The reporting person undertakes to provide to First Acceptance Corporation, any stockholder of First Acceptance Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range.
- F2The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.08 to $1.20, inclusive. The reporting person undertakes to provide to First Acceptance Corporation, any stockholder of First Acceptance Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range.