SEC Form 4 · accession 0000899243-16-014243
FIRST MARBLEHEAD CORP · FMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Carter Risley
10% Owner
Period of report
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 8:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001262279
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01F1,F3 | Feb 22, 2016 | S | 8,700 | $3.93 | D | 1,923,213 | I | See Footnote |
| Common Stock, par value $0.01F2,F3 | Feb 23, 2016 | S | 13,600 | $3.61 | D | 1,909,613 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.87 to $4.02, inclusive. The reporting person undertakes to provide to The First Marblehead Corporation, any security holder of The First Marblehead Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.60 to $3.81, inclusive. The reporting person undertakes to provide to The First Marblehead Corporation, any security holder of The First Marblehead Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.
- F3On December 31, 2015, the reporting person transferred all of his interests in the Issuer to FP Resources (USA) Inc., an entity wholly owned by Lobster Point Holdings Limited, an entity wholly owned by the reporting person, in a transaction exempt pursuant to section 16a-13.