SEC Form 4 · accession 0001387131-17-003593
GENERAL CANNABIS CORP · CANN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Feinsod
Director · 10% Owner
Period of report
Jul 6, 2017
Accepted (ET)
Jul 10, 2017 · 6:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001477009
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 6, 2017 | S | 50,000 | $1.00 | D | 1,050,000 | I | By Infinity Capital, LLC |
| Common StockF1 | Jul 10, 2017 | J | 50,000 | $0.00 | D | 1,000,000 | I | By Infinity Capital, LLC |
| Common Stock | holding | — | — | — | 15,700 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person is the sole member (and managing member) of Infinity Capital, LLC ("Infinity Capital").
- F2Represents in-kind distribution of shares by the Reporting Person to a limited partner of Infinity Capital over which there is no longer any beneficial ownership or pecuniary interest.