SEC Form 4 · accession 0001446659-17-000002
NEW PEOPLES BANKSHARES INC · NWPP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard G Preservati
10% Owner
Period of report
Oct 13, 2017
Accepted (ET)
Oct 17, 2017 · 11:23 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001163389
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 13, 2017 | M | 506,666 | $1.75 | A | 506,666 | D | |
| Common StockF1 | holding | — | — | — | 2,533,333 | I | General Partner |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Warrant | $1.75 | Oct 13, 2017 | M | 506,666 | D | Dec 20, 2012 | Dec 20, 2017 | Common Stock | 506,666 | 0 | D |
Explanation of responses
- F1Maintains beneficial ownership of the securities as sole general partner of the Family's Future IV Limited Partnership who, as such, maintains sole voting and investment control. Reporting Person as general partner maintains a 1% pecuniary interest in the securities owned by the Limited Partnership and the Richard G and N Karen Preservati Grandchildren's Trust as the limited partner has a 99% pecuniary interest in the securities.