SEC Form 4 · accession 0001179110-18-013760
GWG Holdings, Inc. · GWGH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Acheson
Officer — Chief Financial Officer
Period of report
Dec 10, 2018
Accepted (ET)
Dec 12, 2018 · 5:04 pm EST
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 StockF1 | Dec 10, 2018 | M | 49,426 | — | A | 113,730 | D | |
| Common Stock | Dec 10, 2018 | F | 24,713 | $8.18 | D | 89,017 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Dec 10, 2018 | A | 87,685 | A | — | — | Common Stock | 87,685 | 87,685 | D |
| Restricted Stock UnitsF1,F2 | — | Dec 10, 2018 | M | 49,426 | D | — | — | Common Stock | 49,426 | 38,259 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one shares of Issuer common stock.
- F249,426 shares vested at the time of grant. 12,753 shares vest on each of February 29, 2019; May 31, 2019; and August 31, 2019. Vested shares are delivered to the reporting person upon vesting.