SEC Form 4 · accession 0001393905-18-000070
Holly Brothers Pictures, Inc. · HLLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brent Willson
Officer — CEO and President · Director · 10% Owner
Period of report
Jan 29, 2018
Accepted (ET)
Feb 21, 2018 · 3:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001575659
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 29, 2018 | A | 750,000 | $0.001 | A | 750,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Contemporaneous with Colonel Willson's execution of his employment agreement with the Company, Col. Willson purchased from the Company 750,000 shares of Company common stock at a purchase price of $0.001 per share; provided that if Col. Willson's employment with the Company is terminated the Company has the right to repurchase from Col. Willson, at a purchase price of $0.05 per share, such number of purchased shares as is equal to 750,000 multiplied by "X" divided by 36, where "X" equals 36 minus the number of whole months Col. Willson has provided services to the Company; provided further that if the Company terminates Col. Willson for "cause" all purchased shares may be repurchased by the Company for the initial purchase price paid by the Company.