SEC Form 4 · accession 0001179110-16-028519
GWG Holdings, Inc. · GWGH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon Sabes
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Jul 27, 2016
Accepted (ET)
Aug 10, 2016 · 5:09 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 valueF1 | Jul 27, 2016 | J | 489,086 | — | D | 0 | I | By Opportunity Finance, LLC |
| Common Stock, $.001 par valueF1 | Jul 27, 2016 | J | 244,543 | — | A | 1,290,819 | D | |
| Common Stock, $.001 par valueF2 | holding | — | — | — | 743,840 | 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, $.001 par valueF3 | holding | — | — | — | 100,000 | I | By Insurance Strategies Fund, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares acquired upon a distribution from Opportunity Finance, LLC, a Minnesota limited liability company, of which the Reporting Person is a manager and a 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.