SEC Form 4 · accession 0001209191-16-133412
PRICESMART INC · PSMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sherry S. Bahrambeygui
Director
Period of report
Jul 15, 2016
Accepted (ET)
Jul 19, 2016 · 8:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001041803
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.0001 par value per shareF1,F2 | Jul 15, 2016 | J | 150,000 | $0.00 | A | 151,791 | D | |
| Common Stock, $0.0001 par value per shareF3 | holding | — | — | — | 74,333 | I | By Hosey Family Trust | |
| Common Stock, $0.0001 par value per shareF4 | holding | — | — | — | 1,000 | I | By son | |
| Common Stock, $0.0001 par value per shareF4 | holding | — | — | — | 1,000 | I | By son |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On July 15, 2016, the Reporting Person entered into a restricted property agreement with The Price Group LLC, pursuant to which it agreed to transfer to the Reporting Person 150,000 shares of common stock of the Issuer, as compensation for her services to The Price Group LLC. Pursuant to the restricted property agreement, the shares will vest and be released to the Reporting Person on an annual basis in one tenth increments, commencing on July 15, 2016, and subject to the Reporting Person's continued employment on each vest/release date with The Price Group LLC.
- F2On November 4, 2015, the Reporting Person filed a Form 4 that inadvertently transposed the number of securities beneficially owned directly by her immediately following the transaction reported therein. The number of securities owned should have been reported as 1,791 shares, but was reported as 1,719 shares. The number of securities owned following the transaction reported herein has been updated to correct for this error.
- F3The reported securities are owned directly or indirectly by the Hosey Family Trust of which the Reporting Person is co-trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- F4The reported securities are held in custodial accounts for the benefit of the Reporting Person's minor children. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.