SEC Form 4 · accession 0001571049-16-016656
PRICESMART INC · PSMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E Price
Director · 10% Owner
Period of report
Jul 15, 2016
Accepted (ET)
Jul 19, 2016 · 8:13 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 StockF1,F2 | Jul 15, 2016 | J | 206,000 | $0.00 | D | 627,825 | I | As co-manager of The Price Group LLC |
| Common StockF3 | holding | — | — | — | 1,870,958 | I | As co-trustee of the Robert and Allison Price Charitable Trust | |
| Common StockF4 | holding | — | — | — | 766,662 | I | As co-trustee of the Robert and Allison Price Trust UDT 1/10/75 | |
| Common Stock | holding | — | — | — | 80 | D | ||
| Common StockF5 | holding | — | — | — | 18,805 | I | As co-trustee of the Sarah Price Trust UTD 9/22/89 | |
| Common StockF6 | holding | — | — | — | 18,805 | I | As co-trustee of the David Price Trust UTD 9/22/89 | |
| Common Stock | holding | — | — | — | 45,000 | I | Family Trusts |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On July 15, 2016, The Price Group LLC, entered into a restricted property agreement with each of Sherry Bahrambeygui and Jeff Fisher, pursuant to which it agreed to transfer to Ms. Bahrambeygui and Mr. Fisher 150,000 shares and 56,000 shares of the Issuer, respectively, as compensation for their services to The Price Group LLC. Pursuant to each restricted property agreement, the shares will vest and be released to each of Ms. Bahrambeygui and Mr. Fisher on an annual basis in one tenth increments, commencing on July 15, 2016, and subject to the recipient's continued employment on each vest/release date with The Price Group LLC.
- F2The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F3The reporting person and his wife Allison Price are co-trustees of this trust. The reporting person and his wife each disclaim beneficial ownership of the securities held by this trust except to the extent of their respective pecuniary interest therein.
- F4The reporting person and his wife Allison Price are co-trustees of this trust.
- F5The reporting person serves as co-trustee of this trust with his wife Allison Price and their adult daughter Sarah Price Keating. The reporting person and his wife each disclaim beneficial ownership of the securities held by this trust except to the extent of their respective pecuniary interest therein.
- F6The reporting person serves as co-trustee of this trust with his wife Allison Price and their adult son David Price. The reporting person and his wife each disclaim beneficial ownership of the securities held by this trust except to the extent of their pecuniary interest therein.
Remarks
* The reporting person's wife, Allison Price, may also be deemed a greater than 10% beneficial owner of the Issuer's securities in her capacity as co-trustee of each of the trusts identified herein. As such, this Form 4 filing shall be deemed to constitute a Form 4 filing on behalf of both the reporting person and his wife, Allison Price.