SEC Form 4 · accession 0001209191-17-059389
Gulf Coast Ultra Deep Royalty Trust · GULTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lloyd I Miller III
10% Owner
Period of report
Nov 3, 2017
Accepted (ET)
Nov 6, 2017 · 3:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001565146
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Nov 3, 2017 | S | 100,000 | $0.0332 | D | 1,645,902 | I | By LIM III - Trust A-4 |
| Common StockF1,F2,F3 | Nov 3, 2017 | S | 100,000 | $0.0332 | D | 1,645,902 | I | By MBM - Trust A-4 |
| Common StockF1 | Nov 3, 2017 | S | 50,000 | $0.0332 | D | 2,354,139 | D | |
| Common StockF2 | holding | — | — | — | 34,972,882 | I | By Milfam II L.P. | |
| Common StockF2 | holding | — | — | — | 1,012,596 | I | By Milfam I L.P. | |
| Common StockF2 | holding | — | — | — | 262,346 | I | By Lloyd I. Miller, III, Co-Trustee GST Lloyd A. Crider | |
| Common StockF2 | holding | — | — | — | 184,073 | I | By Lloyd I. Miller, III, Trustee GST Catherine C. Miller | |
| Common StockF2 | holding | — | — | — | 3,718,949 | I | By LIMFAM LLC | |
| Common StockF2 | holding | — | — | — | 231,537 | I | By Milfam LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually paid ranged from $0.033 to $0.0335 per share. The reporting person will provide the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares purchased at teach price within the range.
- F2The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. This filing shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this filing.
- F3On September 27, 2017, in accordance with that certain Exercise of Authority of Distribution Adviser of Trust A-4, dated as of August 10, 2017, pursuant to which all securities held by Trust A-4 - Lloyd I. Miller were decanted to two (2) newly formed trusts, the investment adviser to Trust A-4 - Lloyd I. Miller directed the trustee and distribution adviser to distribute fifty percent (50%) of such securities to LIM III - Trust A-4 and fifty percent (50%) of such securities to MBM - Trust A-4. The decanting and distribution of all securities held or formerly held by Trust A-4 - Lloyd I. Miller is in process and final consummation thereof has yet to occur. Such transactions, when consummated, only effect a change in the form of beneficial ownership without changing the reporting person's pecuniary interest in such securities and was (or will be) exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-13.