SEC Form 4 · accession 0001019056-17-000813
SIEBERT FINANCIAL CORP · SIEB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gloria E Gebbia
Director · 10% Owner · Other
Period of report
Dec 22, 2017
Accepted (ET)
Dec 27, 2017 · 4:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000065596
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par value per shareF1,F2 | Dec 22, 2017 | J | 2,292,800 | — | A | 2,292,800 | D | |
| Common Stock, $0.01 par value per shareF1,F2 | Dec 22, 2017 | J | 5,000,000 | — | D | 16,117,220 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective December 22, 2017, KCA completed a distribution to its members, pro-rata without consideration, of 5,000,000 shares of Issuer common stock. In addition, the reporting person gifted 157,000 of the shares received from KCA. Following the distribution and gifts, the reporting person had direct ownership of 2,292,800 shares of Issuer common stock. Gloria E. Gebbia is the managing member of Kennedy Cabot Acquisition, LLC ("KCA") and therefore may be deemed to be the indirect beneficial owner of 16,142,220 shares of Issuer common stock directly owned by KCA. Cont'd in Footnote 2.
- F2Footnote 1 cont'd - The Reporting Person is a director of and has an ownership interest in StockCross Financial Services, Inc. ("StockCross") and may be deemed to share indirect beneficial ownership of 136,537 shares of Issuer common stock owned by StockCross. In addition, the Reporting Person may be deemed to share indirect beneficial ownership of 1,018,400 shares of Issuer common stock held by various members of the Gebbia family. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of her pecuniary interest therein.