SEC Form 4 · accession 0001209191-15-043438
AUBURN NATIONAL BANCORPORATION, INC · AUBN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Edward L Spencer Jr.
Director · 10% Owner · Other
Period of report
May 14, 2015
Accepted (ET)
May 15, 2015 · 5:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000750574
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stockF2,F3 | May 14, 2015 | G | 13,764 | $0.00 | D | 0 | I | 5 year GRAT dated 12-23-09 |
| common stockF1 | holding | — | — | — | 599,343 | D | ||
| common stock | holding | — | — | — | 18,950 | I | spouse | |
| common stockF4,F5 | holding | — | — | — | 78,845 | I | 8 year GRAT dated 12-23-09 | |
| common stockF6,F7 | holding | — | — | — | 20,877 | I | 5 year GRAT dated 1-31-11 | |
| common stockF8,F9 | holding | — | — | — | 3,440 | I | E. L. Spencer, Jr. Foundation |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects a reduction of 420 shares of AUBN common stock from shares previously reported as directly owned due to administrative error. Also includes 47,188 shares of AUBN common stock previously reported as indirectly owned through various grantor retained annuity trusts, which shares have been distributed to Mr. Spencer pursuant to the terms of those trusts.
- F2Also reflects the distribution of 27,716 shares of AUBN common stock from the trust to Mr. Spencer pursuant to the terms of the trust, which shares are now reflected as directly owned by Mr. Spencer
- F3E. L. Spencer, Jr. Grantor Retained Annuity Trust dated 12-23-09. Mr. Spencer is trustee of the trust and has sole voting and dispositive power with respect to any shares of AUBN common stock in this trust.
- F4Reflects the distribution of 10,930 shares of AUBN common stock from the trust to Mr. Spencer pursuant to the terms of the trust, which shares are now reflected as directly owned by Mr. Spencer.
- F5Shares of AUBN common stock are held by E. L. Spencer, Jr. Grantor Retained Annuity Trust dated 12-23-09. Mr. Spencer is trustee of the trust and has sole voting and dispositive power with respect to these shares of AUBN common stock.
- F6Reflects the distribution of 8,542 shares of AUBN common stock from the trust to Mr. Spencer pursuant to the terms of the trust, which shares are now reflected as directly owned by Mr. Spencer.
- F7Shares of AUBN common stock are held by the E. L. Spencer, Jr. Grantor Retained Annuity Trust dated 1-31-11. Mr. Spencer is trustee of the trust and has sole voting and dispositive power with respect to these shares of AUBN common stock.
- F8Reflects an additional 420 shares of AUBN common stock from shares previously reported as indirectly owned due to administrative error.
- F9Shares of AUBN common stock are held by the E. L. Spencer, Jr. Foundation, a company in which Mr. Edward L. Spencer, Jr. is President, as to which Mr. Edward L. Spencer, Jr. may be deemed to have shared voting and investment power.