SEC Form 4/A · accession 0001209191-16-113530
AUBURN NATIONAL BANCORPORATION, INC · AUBN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Edward L Spencer Jr.
Director · 10% Owner · Other
Period of report
May 14, 2015
Accepted (ET)
Apr 6, 2016 · 5:40 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 stockF1 | Dec 2, 2015 | G | 425 | $0.00 | D | 621,767 | D | |
| common stockF2 | May 14, 2015 | G | 13,764 | $0.00 | D | 0 | I | By grantor retained annuity trust |
| common stockF2,F3 | May 14, 2015 | G | 13,764 | $0.00 | A | 13,764 | I | By revocable trust |
| common stockF4 | Feb 3, 2016 | G | 10,981 | $0.00 | D | 0 | I | By grantor retained annuity trust |
| common stockF3,F4 | Feb 3, 2016 | G | 10,981 | $0.00 | A | 24,745 | I | By revocable trust |
| common stockF5 | holding | — | — | — | 65,892 | I | By grantor retained annuity trust | |
| common stock | holding | — | — | — | 18,950 | I | By spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 2, 2015, the reporting person donated 425 shares of AUBN common stock to the E.L. Spencer, Jr. Foundation, a tax-exempt foundation of which the reporting person has no pecuniary interest. The reporting person previously reported the holdings of the foundation as indirect holdings. Also includes 27,716 shares distributed on May 14, 2015 from a 2009 five-year grantor retained annuity trust, 10,930 shares distributed on May 14, 2015 from a 2009 eight-year grantor retained annuity trust, 12,953 shares distributed on February 3, 2016 from a 2009 eight-year grantor retained annuity trust, 8,542 shares distributed on May 14, 2015 from a 2011 five-year grantor retained annuity trust, and 9,896 shares distributed on February 3, 2016 from a 2011 five-year grantor retained annuity trust, in each case pursuant to the terms of the respective trust. See notes (2), (4), and (5).
- F2On December 23, 2009, the reporting person contributed 115,600 shares of AUBN common stock to a five-year grantor retained annuity trust for his benefit. Upon termination of the trust on May 14, 2015, 13,764 of the shares were transferred to a 2008 revocable trust for his benefit. These shares originally were reported as dispositions due to administrative error. The remaining 101,836 shares were previously distributed to the reporting person pursuant to the terms of the five-year grantor retained annuity trust and are reported in this Form 4 as directly owned.
- F3Shares held by a 2008 revocable trust established for the benefit of the reporting person. The reporting person is the trustee of the trust and has sole voting and dispositive power with respect to these shares.
- F4On January 31, 2011, the reporting person contributed 47,687 shares of AUBN common stock to a five-year grantor retained annuity trust for his benefit. Upon termination of the trust on February 3, 2016, 10,981 shares were transferred to a 2008 revocable trust for his benefit. These shares originally were reported as dispositions due to administrative error. The remaining 36,706 shares were previously distributed to the reporting person pursuant to the terms of the five-year grantor retained annuity trust and are reported in this Form 4 as directly owned.
- F5On December 23, 2009, the reporting person contributed 115,600 shares of AUBN common stock to an eight-year grantor retained annuity trust for his benefit. Pursuant to the terms of the trust, 49,708 shares were previously distributed to the reporting person and are reported in this Form 4 as directly owned. The reporting person is trustee of the trust and has sole voting and dispositive power with respect to these shares.