SEC Form 4 · accession 0001144204-17-028723
Orchids Paper Products CO /DE · TIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mario Armando Garcia
Director
Period of report
May 19, 2017
Accepted (ET)
May 22, 2017 · 6:04 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001324189
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 shareF1 | May 19, 2017 | S | 10,000 | $13.196 | D | 716,083 | I | See footnote |
| Common Stock, par value $0.001 per shareF1 | May 19, 2017 | S | 5,000 | $13.273 | D | 711,083 | I | See footnote |
| Common Stock, par value $0.001 per shareF1 | May 19, 2017 | S | 5,000 | $13.244 | D | 706,083 | I | See footnote |
| Common Stock, par value $0.001 per shareF1 | May 19, 2017 | S | 5,000 | $13.296 | D | 701,083 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Fabrica de Papel San Francisco, S.A. de C.V. (''Fabrica'') is the record holder of these securities. Mr. Garcia has sole voting power over these securities as the indirect controlling shareholder and president of Fabrica. Mr. Garcia is the president and controlling shareholder of Group Industrial Garcia Franco, S.A. C.V., which is the controlling shareholder of Fabrica. Mr. Garcia disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.