SEC Form 4 · accession 0001209191-17-063342
STERLING BANCORP · STL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas G Kahn
Director
Period of report
Nov 29, 2017
Accepted (ET)
Dec 1, 2017 · 7:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001070154
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 29, 2017 | J | 6,478 | $0.00 | A | 891,010 | I | Kahn Bros. Group, Inc. Dis.Adv.Accts. |
| Common Stock | Nov 29, 2017 | J | 2,500 | $0.00 | D | 888,510 | I | Kahn Bros. Group, Inc. Dis.Adv.Accts. |
| Common Stock | holding | — | — | — | 44,774 | D | ||
| Common Stock | holding | — | — | — | 18,055 | I | By Custodian for Children | |
| Common Stock | holding | — | — | — | 17,363 | I | Discretionary Customer Account | |
| Common Stock | holding | — | — | — | 3,539 | I | Trust Ackerman Institute | |
| Common Stock | holding | — | — | — | 108,926 | I | Trust Kahn Bros. Pension Plan | |
| Common Stock | holding | — | — | — | 41,466 | I | Trust Kahn Bros. Profit Sharing Plan | |
| Common Stock | holding | — | — | — | 50,266 | I | Trust Kahn Bros. Value Fund | |
| Common Stock | holding | — | — | — | 3,333 | I | Trust M&T Kahn Foundation | |
| Common Stock | holding | — | — | — | 31,555 | I | By IRA | |
| Common Stock | holding | — | — | — | 1,000 | I | By IRA for Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents unsolicited transfer of stock from a Kahn Brothers non-discretionary account to the Kahn Brothers discretionary account upon instruction from customer resulting from the distribution of an estate settlement. The reporting person is hereby relying on the view the SEC's staff has expressed with regard to Rule 16b-3 exempting an Officer's or Director's indirect interest in a transaction between the issuer and an entity in which the beneficial ownership of the portfolio securities is reportable by the Officer or Director.
- F2Represents unsolicited transfer of stock from Discretionary account upon instruction from customer and liquidation of customer account. The reporting person is hereby relying on the view the SEC's staff has expressed with regard to Rule 16b-3 exempting an officer's or director's indirect interest in a transaction between the issuer and an entity in which the beneficial ownership of the portfolio securities is reportable by the Officer or Director.