SEC Form 4 · accession 0001209191-15-014545
LANNETT CO INC · LCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Farber
Director
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 4:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000057725
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 12, 2015 | S | 25,000 | $58.12 | D | 482,870 | D | |
| Common StockF1,F2 | Feb 13, 2015 | S | 10,000 | $58.32 | D | 4,470,050 | I | Various |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 2/13/2015, The Jeffrey and Jennifer Farber Family Foundation sold 10,000 shares.
- F2Includes 3,850,000 shares held by Farber Properties Group LLC ("FPG"). FPG is managed and jointly owned by Jeffrey Farber and David Farber. David Farber and Jeffrey Farber each disclaim beneficial ownership of 1,925,000 shares held by FPG. Includes 528,142 shares held by Farber Family LLC ("FFLLC") which is managed by Jeffrey and David Farber. David Farber and Jeffrey Farber each disclaim beneficial ownership of these shares. Includes 36,629 shares held by Jeffrey Farber as custodian for his children, 17,279 shares held as joint custodian with David Farber for a relative, and also includes 38,000 shares held by Farber Investment Company ("FIC"). Jeffrey Farber and David Farber each beneficially own 25% of FIC and each disclaim beneficial ownership of all but 9,500 shares held by FIC.