SEC Form 5 · accession 0000899243-15-004132
NewtekOne, Inc. · NEWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry Sloane
Officer — CEO and President · Director
Period of report
Dec 31, 2014
Accepted (ET)
Aug 27, 2015 · 5:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001587987
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.02 per shareF1 | Nov 13, 2014 | G | 40 | $0.00 | D | 931,513 | D | |
| Common Stock, par value $0.02 per shareF1 | Nov 18, 2014 | G | 112 | $0.00 | D | 931,513 | D | |
| Common Stock, par value $0.02 per shareF1,F2 | Dec 2, 2014 | G | 48,783 | $0.00 | D | 931,513 | I | By trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective November 3, 2014, Newtek Business Services, Inc. (NBSI) merged with and into Newtek Business Services Corp. (NBSC), a newly formed Maryland corporation, and thereafter NBSC elected to be treated as a business development company under the Investment Company Act of 1940, as amended. Prior to the conversion into NBSC, Barry Sloane made bona fide gifts of NBSI common stock in the total amount of 19,908 shares, and those shares were included in the total amount reported on the Form 3 filed on November 14, 2014 in error since such amounts should have been reported as gifts previously. The totals listed in Column 5 of Table I of this Form 5 reflect a 5-for-1 reverse stock split that occurred with respect to NEWT's common stock on October 22, 2014.
- F2Shares were gifted by the reporting person to a trust for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.