SEC Form 4 · accession 0000899243-18-028135
SPROTT FOCUS TRUST INC. · FUND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Whitney George
Director · 10% Owner · Other
Period of report
Nov 1, 2018
Accepted (ET)
Nov 5, 2018 · 11:40 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000825202
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF4,F2 | Nov 1, 2018 | P | 8,252 | $6.8349 | A | 468,132 | I | Held by Trust |
| Common StockF5,F2 | Nov 2, 2018 | P | 11,303 | $6.9065 | A | 479,435 | I | Held by Trust |
| Common Stock | holding | — | — | — | 4,992,704 | D | ||
| Common Stock | holding | — | — | — | 1,474,006 | I | Held by Spouse | |
| Common StockF1 | holding | — | — | — | 312,040 | I | Held by Trust | |
| Common Stock | holding | — | — | — | 113,705 | I | Held by Son | |
| Common StockF3 | holding | — | — | — | 1,440,075 | I | Held by Foundation |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares held by The Mallory Descendant's Trust U/T/A DTD 12/31/2013 (the "Descendant's Trust"). Mr. George serves as trustee of the Descendant's Trust and, in such capacity, has investment and voting discretion over shares held by the Descendant's Trust. As a beneficiary of the Descendant's Trust, Mr. George's spouse has a pecuniary interest in the Descendant's Trust. Mr. George may be deemed to beneficially own the shares held by the Descendant's Trust.
- F2Shares held by a trust established for the benefit of Mr. George's children. As beneficiaries of the trust, Mr. George's children have a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.
- F3Shares held by The Meredith and Whitney George Family Foundation (the "Foundation"). Mr. George serves as Chairman of the Foundation and, in such capacity, has investment and voting discretion over shares held by the Foundation.
- F4Represents the weighted average purchase price of multiple transactions with a range of prices between $6.80 and $6.85. Mr. George hereby undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.
- F5Represents the weighted average purchase price of multiple transactions with a range of prices between $6.88 and $6.93. Mr. George hereby undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.
Remarks
Mr. George disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. George is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.