SEC Form 4 · accession 0001019056-18-000009
SIEBERT FINANCIAL CORP · SIEB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew H Reich
Officer — EVP, COO, CFO and Secretary · Director
Period of report
Dec 29, 2017
Accepted (ET)
Jan 3, 2018 · 4:18 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 | Dec 29, 2017 | J | 109,232 | — | A | 259,232 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 29, 2017, StockCross Financial Services, Inc., a Massachusetts corporation ("StockCross") transferred to its shareholders, in accordance with Mass. Gen. Laws Ann. ch. 156D, ? 6.40 (Distributions to shareholders) (the "Transfer"), an aggregate of 5,072,062 shares of common stock ("Common Stock") of Siebert Financial Corp. ("Issuer"), which shares were received by StockCross on December 29, 2017 pursuant to an Asset Purchase Agreement. In accordance with the Transfer, the Reporting Person received 109,232 shares of Common Stock of the Issuer from StockCross. No consideration was paid for such shares received in the Transfer.