SEC Form 4 · accession 0001144204-17-014572
Truett-Hurst, Inc. · THST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phillip L Hurst
Officer — President and CEO
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 6:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001564709
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Mar 10, 2017 | M | 75,000 | $2.3216 | A | 95,953 | I | By The Hurst Family Revocable Trust dated August 1, 2004 |
| Class A Common Stock | Mar 10, 2017 | S | 4,464 | $2.3216 | D | 91,489 | I | By The Hurst Family Revocable Trust dated August 1, 2004 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LLC Units of HDD LLCF1 | — | Mar 10, 2017 | M | 75,000 | D | — | — | Class A Common Stock of Truett-Hurst, Inc | 75,000 | 819,114 | I |
Explanation of responses
- F1Pursuant to the terms of an exchange agreement, LLC Units of H.D.D. LLC are exchangeable for shares of Class A common stock of Truett-Hurst, Inc. on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications, or cash at the election of Truett-Hurst, Inc. The rights to convert LLC Units into Class A common stock do not have expiration dates.