SEC Form 4 · accession 0001437749-16-043483
CervoMed Inc. · CRVO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark T Giles
Director
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 5:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001053691
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 14, 2016 | J | 339,055 | — | D | 290,580 | I | By PANDA Holdings, LLC |
| Common StockF1,F3 | Dec 15, 2016 | P$0 | 512,109 | — | A | 512,109 | I | By MTG Investment Holdings, LLC |
| Common Stock | holding | — | — | — | 4,407 | I | By the VNB Trust IRA fbo Mark T. Giles |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with certain personal investment, financial and tax planning strategies, (i) on December 14, 2016, PANDA Holdings, LLC ("PANDA"), of which the Reporting Person is the managing member, assigned 339,055 shares of the Issuer's common stock to an affiliate of PANDA for aggregate consideration of $1.00 and (ii) on December 15, 2016, such affiliate sold to MTG Investment Holdings, LLC ("MTGIH"), of which the Reporting Person is the sole member, 512,109 shares of the Issuer's common stock for aggregate consideration of $1.00.
- F2The Reporting Person is the managing member of PANDA and may be deemed to be the beneficial owner of such securities. Mr. Giles disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- F3The Reporting Person is the sole member of MTGIH and may be deemed to be the beneficial owner of such securities. Mr. Giles disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.