SEC Form 4 · accession 0001437749-18-010836
PATRIOT NATIONAL BANCORP INC · PNBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A. Carrazza
Officer — CEO & Chairman of the Board · Director · 10% Owner
Period of report
Mar 18, 2018
Accepted (ET)
May 29, 2018 · 3:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001098146
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 18, 2018 | J | 325,000 | $0.00 | A | 2,520,000 | I | By PNBK Holdings LLC |
| Common Stock | holding | — | — | — | 7,330 | I | Solaia Capital Management Profit Sharing Plan FBO Michael A. Carrazza | |
| Common Stock | holding | — | — | — | 22,431 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 18, 2018, PNBK Holdings LLC ("Holdings"), PNBK Sponsor LLC ("Sponsor"), the Reporting Person (together with Holding and Sponsor, the "PNBK Parties") and Fabrizio Arengi Bentivoglio ("Bentivoglio") entered into an agreement, pursuant to which the voting and dispositive power of 325,000 shares was returned to the PNBK Parties by Bentivoglio.
- F2The Reporting Person is the managing member of Sponsor, which is the managing member of Holdings; therefore, the Reporting Person may be deemed to indirectly beneficially own the shares directly owned by Holdings.