SEC Form 3 · accession 0001493152-18-008996
GENESIS FINANCIAL INC · GFNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary Larkin
Officer — Executive Co-Chairman · Director · 10% Owner
Period of report
Jun 13, 2018
Accepted (ET)
Jun 20, 2018 · 10:16 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001183082
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.001 per share | holding | — | — | — | 5,329,007 | D | ||
| Common Stock, Par Value $0.001 per shareF1 | holding | — | — | — | 2,640,570 | I | By trust | |
| Common Stock, Par Value $0.001 per shareF2 | holding | — | — | — | 13,607,615 | I | By a controlled entity |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares held by trust for the benefit of Mr. Larkin's family members, of which Mr. Larkin and his wife serve as co-trustees.
- F2Shares are held of record and owned by Debit Plus LLC. The undersigned reporting person, together with Roy Rose, the CEO and Co-Chairman of Genesis Financial, Inc. holds all of the voting units of Debit Plus LLC and shares voting and dispositive control over these shares with Mr. Rose. All investment and voting decisions are made jointly by Messrs. Larkin and Rose. Accordingly, the undersigned may be deemed to share voting and dispositive power with respect to such shares. The undersigned disclaims beneficial ownership of such shares except to the extent of his proportionate and other pecuniary interest