SEC Form 4 · accession 0001209191-17-065653
FIRST FINANCIAL BANKSHARES INC · FFIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
F Scott Dueser
Officer — Chairman, President and CEO · Director
Period of report
Dec 14, 2017
Accepted (ET)
Dec 14, 2017 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000036029
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF3,F4 | Dec 14, 2017 | J | 0 | $0.00 | D | 224,155 | I | By LLC |
| Common StockF1 | holding | — | — | — | 278,002 | I | By Partnership | |
| Common StockF2 | holding | — | — | — | 389,143 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares owned by a family limited partnership of which Mr. Dueser is the manager of the limited liability company, which serves as general partner. Mr. Dueser disclaims beneficial ownership with respect to 208,502 shares because he does not have a pecuniary interest in such shares. This report should not be deemed an admission that Mr. Dueser is the beneficial ownership of these shares for purposes of Section 16 or any other purpose.
- F2The total shares represented are held in various trusts of which Mr. Dueser is the trustee, settlor and beneficiary.
- F3On December 15, 2017, Mr. Dueser gifted partnership interests (in the form of units) to three trusts: Trust I, Trust II and Trust III (together, the "Trusts") of which he is not the beneficiary. Although Mr. Dueser gifted partnership interests to the Trusts, the number of shares beneficially owned by the partnership remains unchanged. The gifting of the partnership interests, however, decreased Mr. Dueser's pecuniary interests in the shares held by the partnership due to the decrease in his overall interests in the partnership. Accordingly, while the gifting of the partnership interests to the Trusts constitutes a disposition by Mr. Dueser, the amount and price of the shares involved in the disposition are not applicable.
- F4Represents shares owned by a limited liability company ("LLC") of which Mr. Dueser is the manager and sole member, which serves as the general partner of a limited partnership referred to in footnote 3 above.