SEC Form 4 · accession 0000899243-16-033239
GLOBAL GOLD CORP · GBGD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Nov 4, 2016
Accepted (ET)
Nov 10, 2016 · 9:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000319671
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001F1,F3 | Nov 4, 2016 | S | 1,111,072 | $0.02 | D | 11,804,336 | I | See footnotes |
| Common Stock, par value $0.001F1,F3 | Nov 4, 2016 | S | 1,111,073 | $0.02 | D | 10,693,263 | I | See footnotes |
| Common Stock, par value $0.001F1,F3 | Nov 4, 2016 | S | 27,548 | $0.02 | D | 10,665,715 | I | See footnotes |
| Common Stock, par value $0.001F1,F3 | Nov 4, 2016 | S | 27,548 | $0.02 | D | 10,638,167 | I | See footnotes |
| Common Stock, par value $0.001F2 | holding | — | — | — | 34,231,748 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Harvey Sawikin controls, and Ian Hague is a principal of each of, Firebird Management LLC ("Management"), Firebird Avrora Advisors LLC ("Avrora"), FGS Advisors LLC ("FGS") and Firebird Advisors, Ltd. (f/k/a Firebird Advisors LDC) ("Advisors"). Mr. Hague is also a director of the Issuer. Management, Avrora, FGS and Advisors act as investment advisers to, respectively, Firebird Republics Fund, Ltd., Firebird Avrora Fund, Ltd., Firebird Global Master Fund, Ltd. and Firebird Fund L.P. (each a "Fund") that own the shares reported herein. As investment advisers to the Funds, each of Management, Avrora, FGS and Advisors has voting and investment control with respect to the shares held by the Fund that it advises. The Reporting Persons disclaim beneficial ownership of all shares except to the extent of any pecuniary interest therein and this filing should not be deemed an admission of beneficial ownership for Section 16 purposes or any other purposes.
- F2Represents shares directly held by Mr. Hague.
- F3The transactions disclosed in this Form 4 are privately negotiated sales by FGS on behalf of Firebird Global Master Fund, Ltd. Neither FGS nor Firebird Global Master Fund, Ltd. owns more than 10% of the outstanding common stock of the Issuer, and each of them disclaims beneficial ownership of all shares except to the extent of any pecuniary interest therein and this filing should not be deemed an admission of beneficial ownership for Section 16 purposes or any other purposes.