SEC Form 4 · accession 0001179110-18-005720

GWG Holdings, Inc. · GWGH

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director · 10% Owner

Period of report

Apr 17, 2018

Accepted (ET)

Apr 18, 2018 · 10:29 am EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001522690

Table I — non-derivative securities

Security	Date	Code	Shares	A/D	Owned after	D/I	Nature of ownership
Common Stock, $.001 par value	holding	—	—	—	1,228,319	D
Common Stock, $.001 par value^F1	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 value^F2	holding	—	—	—	100,000	I	By Insurance Strategies Fund, LLC

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options (right to buy)	$9.47	Apr 17, 2018	A	43,333	A	Apr 17, 2018	Nov 9, 2021	Common Stock	43,333	43,333	D

F1Held by certain trusts, of which the Reporting Person is a beneficiary.
F2A 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.
F3On November 10, 2016, the reporting person was granted an option to purchase 325,000 shares of common stock. One half of the option, or 162,500 shares, is subject to quarterly time-based vesting over three years and was reported on November 10, 2016. The other half vests in installments based on the satisfaction of annual performance criteria. On April 17, 2018, certain performance criteria for 2017 were met resulting in the vesting of the option as to 43,333 shares.

Power of attorney filed on 9/19/2014.