SEC Form 4 · accession 0001209191-15-018047
MERCADOLIBRE INC · MELI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marcos Galperin
Officer — President and CEO · Director
Period of report
Feb 18, 2015
Accepted (ET)
Feb 24, 2015 · 6:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001099590
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 18, 2015 | G | 456,662 | $0.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with an estate planning transaction, the Reporting Person gifted 456,662 shares of common stock (the "Shares") of MercadoLibre, Inc. to the Galperin Trust (the "Trust") on February 18, 2015. The Shares were credited into to the Trust account on February 20, 2015.
- F2The Trust is an irrevocable trust formed under New Zealand law by the Reporting Person and his spouse (collectively, the "Settlors") that was established for the benefit of the Reporting Person's children and parents and certain charitable organizations. Intertrust Suisse Trustee GMBH (the "Trustee") acts as the independent trustee of the Trust. Pursuant to the settlement deed of the Trust, the Trustee is required to obtain the majority approval of a protective committee comprised of three individuals, each of whom was initially appointed by the Settlors, prior to taking any action with respect to voting or disposing of any of the Shares. Because of the foregoing, the Reporting Person is no longer deemed to beneficially own the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.