SEC Form 4 · accession 0001144204-16-126870
GOLDEN ENTERPRISES INC · GLDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
F Wayne Pate
Director
Period of report
Sep 30, 2016
Accepted (ET)
Oct 4, 2016 · 7:21 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 Stock | Sep 30, 2016 | S | 135,885 | $12.00 | D | 0 | D | |
| Common StockF1,F2 | Sep 30, 2016 | S | 24,653 | $12.00 | D | 0 | I | See Footnote |
| Common StockF3 | Sep 30, 2016 | S | 5,231,128 | $12.00 | D | 0 | I | By SYB, Inc. |
| Common StockF3 | Sep 30, 2016 | S | 600,279 | $12.00 | D | 0 | I | By Testamentary Marital Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 32 shares owned by wife of F. Wayne Pate. Except for SEC reporting purposes, Mr. Pate has disclaimed all beneficial ownership of his wife's shares
- F2Owned by Individual Retirement Account(s).
- F3Mr. Pate 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. Pate disclaims beneficial ownership of such Shares and proceeds therefrom.