SEC Form 4 · accession 0001520138-16-001295
CAPSTONE FINANCIAL GROUP, INC. · CAPP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darin Richard Pastor
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 1:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001558432
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 7, 2016 | S | 5,771,940 | $0.3179 | D | 63,854,837 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person contracted with a counterparty on October 21, 2015 to sell 9,436,414 shares of common stock of the Issuer to the counterparty. The counterparty did not pay the full contracted-for purchase price. None of the shares were actually transferred to the counterparty. On December 7, 2016, the Reporting Person and the counterparty amended their agreement to call for the sale of 5,771,940 shares of such common stock of the Issuer to the counterparty (corresponding to the portion of the originally-contracted-for purchase price which had in fact been paid). The 5,771,940 shares will now be transferred to the counterparty. Accordingly, an amended Form 4 was filed to reflect the non-completion of the original transaction, and this new Form 4 is being filed to report the completion of the transaction as amended.