SEC Form 4 · accession 0001144204-18-012311
FG Nexus Inc. · FGNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
KINGSWAY FINANCIAL SERVICES INC
10% Owner
Period of report
Feb 28, 2018
Accepted (ET)
Mar 1, 2018 · 5:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001591890
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series B Preferred Shares (Nonconvertible)F2 | Feb 28, 2018 | S | 60,000 | $25.00 | D | 0 | I | By wholly owned subsidiary |
| Common StockF3 | holding | — | — | — | 424,572 | I | By wholly owned subsidiary | |
| Common StockF4 | holding | — | — | — | 75,000 | I | By wholly owned subsidiary |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to a Stock Purchase Agreement dated January 2, 2018 (the "Stock Purchase Agreement"), by and among the reporting person's wholly-owned subsidiary, 1347 Advisors LLC, 1347 Property Insurance Holdings, Inc. ("PIH"), and IWS Acquisition Corporation ("IWS"), IWS sold 60,000 shares of PIH's Series B Preferred Stock to PIH for an aggregate purchase price of $1,500,000.
- F2Held by the reporting person's wholly-owned subsidiary IWS.
- F3Held by the reporting person's wholly-owned subsidiary Kingsway America, Inc.
- F4Held by the reporting person's wholly-owned subsidiary Mendakota Casualty Company.