SEC Form 4 · accession 0001193805-17-003555
Rand Logistics, Inc. · RLOG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurence S Levy
Director
Period of report
Nov 30, 2017
Accepted (ET)
Dec 4, 2017 · 6:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001294250
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 30, 2017 | S | 134,121 | $0.29 | D | 655,573 | I | See footnote |
| Common StockF3,F2 | Dec 1, 2017 | S | 140,369 | $0.28 | D | 515,204 | I | See footnote |
| Common StockF4,F2 | Dec 4, 2017 | S | 262,700 | $0.25 | D | 252,504 | 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 $0.28 to $0.30, inclusive. The reporting person undertakes to provide Rand Logistics, Inc., any security holder of Rand Logistics, Inc., 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.
- F2These shares of common stock are owned indirectly by Rand Management LLC. The sole member of Rand Management LLC is the Laurence Levy Irrevocable Trust, a trust established for the benefit of Laurence Levy's children. Mr. Levy is the trustee of the Laurence Levy Irrevocable Trust.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.28 to $0.30, inclusive. The reporting person undertakes to provide Rand Logistics, Inc., any security holder of Rand Logistics, Inc., 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.
- F4The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.25 to $0.28, inclusive. The reporting person undertakes to provide Rand Logistics, Inc., any security holder of Rand Logistics, Inc., 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.