SEC Form 4 · accession 0001437749-15-021887
Diversified Restaurant Holdings, Inc. · SAUC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
T. Michael Ansley
Officer — President and CEO · Director · 10% Owner
Period of report
Dec 7, 2015
Accepted (ET)
Dec 8, 2015 · 4:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001394156
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Dec 7, 2015 | P | 1,000 | $2.6518 | A | 11,128,068 | D | |
| Common StockF3 | holding | — | — | — | 9,000 | I | By reporting person as UGMA custodian for children |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The purchase reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2015.
- F2The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.5479 to $2.750, inclusive. The reporting person undertakes to provide to Diversified Restaurant Holdings, Inc., any security holder of Diversified Restaurant Holdings, 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 ranges set forth in the preceding sentence.
- F3The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.