SEC Form 4 · accession 0001140361-15-015605
4Licensing Corp · FOUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wade Massad
Director
Period of report
Nov 20, 2014
Accepted (ET)
Apr 16, 2015 · 4:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000058592
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Nov 20, 2014 | J | 120,000 | $0.00 | D | 497,100 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were previously reported as beneficially owned by the Reporting Person in his capacity as a managing director of Cleveland Capital Management L.L.C. ("Cleveland Capital"). Prior to November 20, 2014, Cleveland Capital managed discretionary accounts on behalf of one of its clients that included these shares. On November 20, 2014, Cleveland Capital ceased managing such accounts and therefore ceased to have any voting or dispositive power over such shares.
- F2Represents shares held and or managed by Cleveland Capital. The Reporting Person is a managing director in Cleveland Capital and may have a pecuniary interest in the shares. The Reporting Person disclaims beneficial ownership of any shares of common stock in which he does not have a pecuniary interest.