SEC Form 4 · accession 0001437749-15-021417
SALON MEDIA GROUP INC · SLNM.OB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R Hambrecht
Director · 10% Owner
Period of report
Nov 21, 2015
Accepted (ET)
Nov 24, 2015 · 4:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001084332
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 4, 2015 | P | 10,261,429 | $0.35 | A | 27,174,322 | I | Trust |
Table II — derivative securities
No Table II lines on this filing.
Remarks
William Hambrecht purchased 10,261,429 shares from John Warnock, who is Salon Media Group's largest shareholder. Mr. Warnock sold shares to Mr. Hambrecht with the goal to make their ownership percentages more similar. Mr. Hambrecht also assumed responsibility for cash advances equal to $2,913,000.