SEC Form 4 · accession 0001144204-18-000185
THEGLOBE COM INC · TGLO.OB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael S Egan
Officer — See Remarks · Director · 10% Owner
Period of report
Dec 31, 2017
Accepted (ET)
Jan 2, 2018 · 3:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001066684
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2017 | S$0 | 380,455 | — | D | 150,000 | D | |
| Common StockF1,F2 | Dec 31, 2017 | S$0 | 48,303,148 | — | D | 0 | I | By Dancing Bear Investments, Inc. |
| Common StockF1,F2 | Dec 31, 2017 | S$0 | 38,469,012 | — | D | 0 | I | By E&C Capital Partners, LLLP |
| Common StockF1,F2 | Dec 31, 2017 | S$0 | 6,000,000 | — | D | 0 | I | By E&C Capital Partners II, LLLP |
| Common StockF1,F2 | Dec 31, 2017 | S$0 | 207,146,000 | — | D | 21,854,000 | I | By The Registry Management Company, LLC |
| Common StockF1,F3 | Dec 31, 2017 | S$0 | 3,527,337 | — | D | 14,000 | I | By Spouse |
| Common StockF1,F4 | Dec 31, 2017 | S$0 | 9,000,000 | — | D | 56,000 | I | By Trusts |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 31, 2017 Michael S. Egan, his spouse, S. Jacqueline Egan, Dancing Bear Investments, Inc., E&C Capital Partners, LLLP, E&C Capital Partners II, LLLP, The Registry Management Company, LLC, and the Trusts (as defined below) sold to Delfin Midstream LLC, in a privately negotiated transaction, a total of 312,825,952 shares of the issuer's Common Stock for an aggregate purchase price of $25,000 (the "Transaction").
- F2Michael S. Egan may be deemed to control each of Dancing Bear Investments, Inc., E&C Capital Partners, LLLP, E&C Capital Partners II, LLLP and The Registry Management Company, LLC.
- F3Michael S. Egan disclaims beneficial ownership of the shares of the issuer's Common Stock held by his spouse.
- F4The Trusts are Grantor Retained Annuity Trusts, of which Michael S. Egan is the Grantor and Trustee, for the benefit of Michael S. Egan's children.
Remarks
Chairman and CEO-Upon the closing of the Transaction, Michael S. Egan resigned as an officer and director of the issuer. In addition, after giving effect to the Transaction, Michael S. Egan's direct and indirect beneficial holdings of the issuer's Common Stock represent less than 5% of the total issued and outstanding shares of the issuer's Common Stock.