SEC Form 5/A · accession 0001179110-15-006127
GWG Holdings, Inc. · GWGH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 5/A). It replaces an earlier filing for the same period.
Reporting owner
Jon Sabes
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Dec 31, 2014
Accepted (ET)
Apr 8, 2015 · 4:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001522690
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.001 par value | holding | — | — | — | 1,077,276 | D | ||
| Common Stock, $.001 par valueF1 | holding | — | — | — | 489,086 | I | By Opportunity Finance, LLC | |
| Common Stock, $.001 par valueF2 | holding | — | — | — | 743,842 | I | By Trusts | |
| Common Stock, $.001 par value | holding | — | — | — | 102,191 | I | By family members who reside in the Reporting Person's Household | |
| Common Stock, $.01 par valueF3 | holding | — | — | — | 100,000 | I | By Insurance Strategies Fund, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F4 | $9.91 | Nov 24, 2014 | A | 5,000 | A | — | Nov 23, 2024 | Common Stock, $.001 par value | 5,000 | 5,000 | D |
Explanation of responses
- F1A Minnesota limited liability company, of which the Reporting Person is a manager and member.
- F2Held by certain trusts, of which the Reporting Person is a beneficiary.
- F3A Delaware limited liability company managed by ISF Management, LLC, a Delaware limited liability company, of which the Reporting Person is a manager. The Reporting Person disclaims beneficial ownership of the shares held by Insurance Strategies Fund, LLC, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for the purposes of Section 16 or for any other purpose.
- F41,667 shares vest on each of 11/24/2015 and 11/24/2016; 1,666 shares vest on 11/24/2017.
Remarks
Exhibit 24.1 Power of Attorney previously filed and incorporated herein by reference to Form 3 filed on 9/18/2014.