SEC Form 4 · accession 0001144204-16-126868
GOLDEN ENTERPRISES INC · GLDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Wallace Nall Jr.
Director
Period of report
Sep 30, 2016
Accepted (ET)
Oct 4, 2016 · 7:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000042228
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 30, 2016 | S | 100,000 | $12.00 | D | 0 | I | See Foonote |
| Common StockF2 | Sep 30, 2016 | S | 5,231,128 | $12.00 | D | 0 | I | By SYB, Inc. |
| Common StockF2 | Sep 30, 2016 | S | 600,279 | $12.00 | D | 0 | I | By Testamentary Marital Trust (2 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares are owned by Nall Development Corporation. Mr. Nall is the President of Nall Development Corporation and on its Board of Directors.
- F2Mr. Nall serves on the Voting Committee created under the Will of and the SYB, Inc. Common Stock Trust created by Sloan Y. Bashinsky, Sr. (AMr. Bashinsky@). The Voting Committee voted the shares of Issuer=s stock owned by the Marital Trust created by the Will of Mr. Bashinsky and the shares owned by SYB, Inc. As part of a merger of Golden Enterprises, Inc. with an unrelated entity, SYB, Inc. and the Marital Trust have sold all Shares of Common Stock of the Issuer and the Voting Committee ceased to exist. Mr. Nall disclaims beneficial ownership of such Shares and proceeds therefrom