SEC Form 4 · accession 0001104659-17-057428
State National Companies, Inc. · SNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lonnie Kossuth Ledbetter III
Officer — EVP of Service
Period of report
Jul 25, 2017
Accepted (ET)
Sep 15, 2017 · 4:49 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001610793
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 25, 2017 | G | 45,100 | $0.00 | D | 23,235 | D | |
| Common StockF2 | holding | — | — | — | 1,486,656 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a gift of 45,100 shares to a private foundation, consisting of (i) 45,000 shares previously held indirectly by the Reporting Person through the Lonnie K. Ledbetter 2006 Grantor Trust No. 2 that were distributed to the Reporting Person on July 24, 2017, and (ii) 100 shares that were held directly by the Reporting Person.
- F2Represents 1,486,656 shares of common stock beneficially owned by Lonnie K. Ledbetter, III, consisting of the following: (i) 838,536 shares held by the following trusts for which Lonnie K. Ledbetter III serves as sole trustee and over which shares he has sole voting power and shared dispositive power with an independent trustee: (A) 175,884 shares held by the Lonnie K. Ledbetter 2006 Grantor Trust No. 2; (B) 441,768 shares held by the Kendall Kaye Ledbetter 2010 Grantor Trust No. 2; and (C) 220,884 shares held by the Lonnie K. Ledbetter 2010 Grantor Trust No. 2; and (ii) 648,120 shares held by the Bradford Luke Ledbetter 1999 Grantor Trust No. 2 for which he serves as co-trustee with Bradford Luke Ledbetter, with whom he shares voting and dispositive power over such shares.