SEC Form 4 · accession 0001567619-18-006852
usell.com, Inc. · USEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leslie J Schreyer
10% Owner
Period of report
Nov 20, 2018
Accepted (ET)
Nov 21, 2018 · 5:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001271075
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 20, 2018, Leslie J. Schreyer resigned as Trustee under Trust Agreement dated December 23, 1989 FBO the issue of Jonathan D. Sackler (the "Trust") and Cornice Fiduciary Management LLC was appointed successor trustee of the Trust (the "Change in Trustee"). Because Mr. Schreyer has resigned as trustee of the Trust, he is no longer a reporting person for the shares held by the Trust. No consideration was paid in connection with the Change in Trustee and, accordingly, the Trust continues to beneficially own the shares following the Change in Trustee.
Remarks
The Power of Attorney given by Leslie J. Schreyer, in his capacity as trustee under Trust Agreement dated December 23, 1989 FBO the issue of Jonathan D. Sackler, was previously filed with the U.S. Securities & Exchange Commission on February 16, 2016 as Exhibit B to Amendment No. 3 to Schedule 13G filed by the Trust, M3C Holdings LLC and Robert Averick with respect to the Issuer and is hereby incorporated by reference.