SEC Form 4 · accession 0001019056-18-000283
SIEBERT FINANCIAL CORP · SIEB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gloria E Gebbia
Director · 10% Owner
Period of report
Feb 2, 2018
Accepted (ET)
Feb 6, 2018 · 5:46 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 share | Feb 2, 2018 | S | 288,537 | $5.04 | D | 3,297,800 | D | |
| Common Stock, $0.01 par value per shareF1 | Feb 2, 2018 | S | 900,318 | $5.04 | D | 4,349,494 | I | By family |
| Common Stock, $0.01 par value per shareF2 | Feb 2, 2018 | S | 70,000 | $5.04 | D | 12,917,283 | I | By KCA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to a Common Stock Purchase Agreement dated January 31, 2018, on February 2, 2018, the Reporting Person and certain members of the Reporting Person's family sold Issuer common stock in a private transaction. The Reporting Person may be deemed to be the indirect beneficial owner of a total of 4,349,494 shares of Issuer common stock owned by a family trust and certain family members. The Reporting Person disclaims beneficial ownership of such shares of Issuer common stock, except to the extent of the Reporting Person's pecuniary interest therein.
- F2Pursuant to a Securities Purchase Agreement dated January 31, 2018, on February 2, 2018, Kennedy Cabot Acquisition, LLC ("KCA") sold 70,000 shares of Issuer common stock in a private transaction. The Reporting Person is the Managing Member of KCA and may be deemed to be the indirect beneficial owner of 12,917,283 shares of Issuer common stock directly owned by KCA. The Reporting Person disclaims beneficial ownership of the shares of Issuer common stock owned by KCA, except to the extent of the Reporting Person's pecuniary interest therein.