SEC Form 5 · accession 0000921895-17-000311
ICTV Brands Inc. · ICTV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Dec 31, 2016
Accepted (ET)
Feb 13, 2017 · 5:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001076522
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3,F4 | Jan 23, 2017 | P | 882,353 | $0.34 | A | 1,989,651 | I | By: Brian L. Pessin |
| Common StockF1,F2 | holding | — | — | — | 5,000 | D | ||
| Common StockF1,F2 | holding | — | — | — | 52,200 | I | Through IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 5 is filed jointly by Diana S. Pessin and Brian L. Pessin (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group, along with Norman H. Pessin and Sandra F. Pessin, that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of common stock. Each Reporting Person disclaims beneficial ownership of the shares of common stock reported herein except to the extent of his or her pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of common stock for purposes of Section 16 or for any other purpose.
- F2Brian L. Pessin expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F3These shares were purchased on January 23, 2017 pursuant to a Securities Purchase Agreement with the Issuer and the other investors named therein (including Brian L. Pessin) entered into on October 4, 2016.
- F4Shares beneficially owned by Brian L. Pessin, Diana S. Pessin's spouse, which include 73,458 shares which are held in trust for the benefit of his minor children, which trust Brian L. Pessin controls, and 94,300 shares which are controlled by Brian L. Pessin but held for the benefit of his minor children. Diana S. Pessin expressly disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein.