SEC Form 4 · accession 0001551858-18-000002
Liberty Tax, Inc. · TAXA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Ibbotson
10% Owner
Period of report
Aug 3, 2018
Accepted (ET)
Aug 7, 2018 · 1:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001528930
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Aug 3, 2018 | S | 95,137 | $8.54 | D | 0 | D | |
| Class A Common StockF1 | Aug 3, 2018 | S | 8,400 | $8.54 | D | 0 | I | By 714717 Alberta, Ltd. |
| Special Voting Preferred StockF2 | Aug 3, 2018 | C | 10 | — | D | 0 | I | By Datatax Business Services, Ltd. |
| Class A Common StockF2 | Aug 3, 2018 | C | 1,000,000 | — | A | 3,000,000 | I | By Datatax Business Services, Ltd. |
| Class A Common StockF1 | Aug 3, 2018 | S | 3,000,000 | $8.54 | D | 0 | I | By Datatax Business Services, Ltd. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Exchangeable SharesF2,F3 | — | Aug 3, 2018 | C | 1,000,000 | D | — | — | Class A Common Stock | 1,000,000 | 0 | I |
Explanation of responses
- F1On August 3, 2018, the Reporting Person entered into an agreement to sell all shares of the Issuer's common stock directly and indirectly beneficially owned by the Reporting Person to Vintage Tributum LP in a private transaction (the "Private Sale").
- F2In connection with the Private Sale, Datatax Business Services Limited, an entity 100% owned by the Reporting Person, through which the Reporting Person indirectly beneficially owned shares of the Issuer, converted 1,000,000 Exchangeable Shares of Liberty Tax Holding Corporation, a wholly-owned subsidiary of the Issuer (the "Exchangeable Shares") and 10 shares of the Issuer's Special Voting Preferred Stock (the "Special Voting Preferred Stock") into 1,000,000 shares of the Issuer's Class A Common Stock.
- F3The Exchangeable Shares and Special Voting Preferred Stock were convertible into Class A Common Stock at any time and had no expiration date.