SEC Form 4 · accession 0001398344-17-007739
BOSTON OMAHA Corp · BOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
MAGNOLIA CAPITAL FUND, LP
10% Owner
MAGNOLIA GROUP, LLC
10% Owner
Adam K Peterson
10% Owner
Period of report
Jun 16, 2017
Accepted (ET)
Jun 20, 2017 · 3:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001494582
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A common stock, par value $0.001 per shareF4,F1,F2,F3 | Jun 16, 2017 | P | 3,461,538 | $13.00 | A | 7,935,719 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1All of the reported shares are directly owned by Magnolia Capital Fund, LP, of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.
- F2TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.
- F3Mr. Peterson serves as a director of the Issuer, and as the co-chief executive officer of the issuer.
- F4As previously reported on the Reporting Persons' Form 3, the Reporting Persons beneficially owned 3,893,623 shares of common stock of the Issuer, 527,780 shares of Class A common stock of the Issuer, and 52,778 warrants to purchase the Issuer's Class A common stock. The Issuer subsequently designated its common stock as "Class A common stock" and its Class A common stock as "Class B common stock". Therefore, all prior references to common stock and Class A common stock on the Reporting Persons' Form 3 now refer to Class A common stock and Class B common stock, respectively. In addition, as reported on this Form 4, the Reporting Persons have purchased an additional 3,461,538 shares of Class A common stock.