SEC Form 4 · accession 0001182489-18-000328
GWG Holdings, Inc. · GWGH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven F Sabes
Officer — Exec VP & Secretary · Director · 10% Owner
Period of report
Aug 21, 2018
Accepted (ET)
Sep 5, 2018 · 1:22 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 | Aug 21, 2018 | M | 27,500 | $8.28 | A | 1,071,822 | D | |
| CommonStock, $.001 par value | Aug 21, 2018 | F | 23,710 | $11.05 | D | 1,048,112 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | M | 5,000 | $8.20 | A | 1,053,112 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | F | 4,291 | $11.05 | D | 1,048,821 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | M | 5,000 | $8.71 | A | 1,053,821 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | F | 4,440 | $11.05 | D | 1,049,381 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | M | 5,000 | $9.01 | A | 1,054,381 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | F | 4,539 | $11.05 | D | 1,049,842 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | M | 2,500 | $10.18 | A | 1,052,342 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | F | 2,402 | $11.05 | D | 1,049,940 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | M | 5,000 | $8.55 | A | 1,054,940 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | F | 4,435 | $11.05 | D | 1,050,505 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | M | 3,333 | $6.60 | A | 1,053,838 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | F | 2,662 | $11.05 | D | 1,051,176 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | M | 3,333 | $6.35 | A | 1,054,509 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | F | 2,625 | $11.05 | D | 1,051,884 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | M | 3,333 | $6.41 | A | 1,055,217 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | F | 2,634 | $11.05 | D | 1,052,583 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | M | 1,667 | $9.64 | A | 1,054,250 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | F | 1,561 | $11.05 | D | 1,052,689 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | M | 1,667 | $10.38 | A | 1,054,356 | D | |
| Common Stock, $.001 par value | Aug 21, 2018 | F | 1,617 | $11.05 | D | 1,052,739 | D | |
| Common Stock, $.001 par valueF1 | holding | — | — | — | 100,000 | I | By Insurance Strategies Fund, LLC | |
| Common Stock, $.001 par valueF2 | holding | — | — | — | 1,072,382 | I | By SFS Holdings, 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) | $8.28 | Aug 21, 2018 | M | 27,500 | D | Sep 5, 2016 | Sep 5, 2018 | Common Stock | 27,500 | 0 | D |
| Stock Options (right to buy) | $8.20 | Aug 21, 2018 | M | 5,000 | D | Apr 7, 2017 | Apr 1, 2019 | Common Stock | 5,000 | 0 | D |
| Stock Options (right to buy) | $8.71 | Aug 21, 2018 | M | 5,000 | D | Sep 2, 2017 | Sep 2, 2019 | Common Stock | 5,000 | 0 | D |
| Stock Options (right to buy) | $9.01 | Aug 21, 2018 | M | 5,000 | D | Nov 24, 2017 | Nov 24, 2019 | Common Stock | 5,000 | 0 | D |
| Stock Options (right to buy) | $10.18 | Aug 21, 2018 | M | 2,500 | D | Jun 12, 2018 | Jun 12, 2020 | Common Stock | 2,500 | 0 | D |
| Stock Options (right to buy) | $8.55 | Aug 21, 2018 | M | 5,000 | D | Aug 18, 2018 | Aug 18, 2020 | Common Stock | 5,000 | 0 | D |
| Stock Options (right to buy) | $6.60 | Aug 21, 2018 | M | 3,333 | D | Dec 29, 2017 | Dec 29, 2020 | Common Stock | 3,333 | 1,667 | D |
| Stock Options (right to buy) | $6.35 | Aug 21, 2018 | M | 3,333 | D | Apr 29, 2018 | Apr 29, 2021 | Common Stock | 3,333 | 1,667 | D |
| Stock Options (right to buy) | $6.41 | Aug 21, 2018 | M | 3,333 | D | May 13, 2018 | May 13, 2021 | Common Stock | 3,333 | 1,667 | D |
| Stock Options (right to buy) | $9.64 | Aug 21, 2018 | M | 1,667 | D | Sep 19, 2017 | Sep 19, 2021 | Common Stock | 1,667 | 3,333 | D |
| Stock Options (right to buy) | $10.38 | Aug 21, 2018 | M | 1,667 | D | Apr 18, 2018 | Apr 18, 2022 | Common STock | 1,667 | 3,333 | D |
Explanation of responses
- F1A 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.
- F2A Nevada limited liability company, of which the reporting person is sole manager.
Remarks
Exhibit 24.1 Power of Attorney previously filed and incorporated herein by reference to Form 3 filed on 9/18/2014.