SEC Form 4 · accession 0000899243-16-027840
VECTOR GROUP LTD · VGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Phillip Md Et Al Frost
10% Owner
Frost Gamma Investments Trust
10% Owner
Frost Nevada Investments Trust
10% Owner
Period of report
Aug 18, 2016
Accepted (ET)
Aug 22, 2016 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000059440
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 18, 2016 | X | 600 | $22.50 | A | 14,135,108 | I | By Frost Gamma Investments Trust |
| Common StockF1 | Aug 19, 2016 | X | 49,400 | $22.50 | A | 14,184,508 | I | By Frost Gamma Investments Trust |
| Common StockF1 | Aug 19, 2016 | X | 1,300 | $25.00 | A | 14,185,808 | I | By Frost Gamma Investments Trust |
| Common StockF2 | holding | — | — | — | 4,677,859 | I | By Frost Nevada Investments Trust | |
| Common StockF3 | holding | — | — | — | 14,068 | I | By Patricia Frost |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Put option (obligation to buy)F1 | $22.50 | Aug 18, 2016 | X | 6 | D | Jan 8, 2016 | Aug 19, 2016 | Common shares | 600 | 494 | I |
| Put option (obligation to buy)F1 | $22.50 | Aug 19, 2016 | X | 494 | D | Jan 8, 2016 | Aug 19, 2016 | Common shares | 49,400 | 0 | I |
| Put option (obligation to buy)F1 | $25.00 | Aug 19, 2016 | X | 13 | D | Jan 8, 2016 | Aug 19, 2016 | Common shares | 1,300 | 0 | I |
Explanation of responses
- F1These securities are held by Frost Gamma Investments Trust, of which Phillip Frost M.D., is the trustee. Frost Gamma L.P. is the sole and exclusive beneficiary of Frost Gamma Investments Trust. Dr. Frost is one of two limited partners of Frost Gamma L.P. The general partner of Frost Gamma L.P. is Frost Gamma, Inc., and the sole shareholder of Frost Gamma, Inc. is Frost-Nevada Corporation. Dr. Frost is also the sole shareholder of Frost-Nevada Corporation. The reporting person disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F2These securities are held by Frost Nevada Investments Trust, of which the Reporting Person is the trustee and Frost-Nevada, L.P. is the sole and exclusive beneficiary. The Reporting Person is one of five limited partners of Frost-Nevada, L.P. and the sole shareholder of Frost-Nevada Corporation, the sole general partner of Frost-Nevada, L.P.
- F3These securities are held by Patricia Frost, Dr. Frost's spouse. Pursuant to Rule 16a-1(a)(4), the Reporting Person disclaims beneficial ownership of these shares.