SEC Form 4 · accession 0001209191-17-061130
AUBURN NATIONAL BANCORPORATION, INC · AUBN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward L Spencer Jr.
Director · 10% Owner · Other
Period of report
Nov 13, 2017
Accepted (ET)
Nov 16, 2017 · 3:20 pm EST
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 | Nov 13, 2017 | G | 16,721 | $0.00 | A | 665,727 | D | |
| common stockF1,F2 | Nov 13, 2017 | G | 16,721 | $0.00 | D | 34,894 | I | 8 year GRAT dated 12-23-09 |
| common stockF3,F2 | Nov 14, 2017 | G | 34,894 | $0.00 | D | 0 | I | 8 year GRAT dated 12-23-09 |
| common stockF3,F4 | Nov 14, 2017 | G | 34,894 | $0.00 | A | 59,639 | I | By revocable trust |
| common stock | holding | — | — | — | 18,950 | I | spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects the distribution of 16,721 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
- F2Shares 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.
- F3Reflects the distribution of 34,894 shares of AUBN common stock from the trust to a 2008 revocable trust for his benefit.
- F4Shares 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.