SEC Form 4 · accession 0001628280-16-022018
MGP INGREDIENTS INC · MGPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen Seaberg
Director
Period of report
Dec 9, 2016
Accepted (ET)
Dec 13, 2016 · 6:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000835011
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 9, 2016 | S | 2,000 | $49.58 | D | 692,282 | I | by spouse's trust |
| Common StockF1,F3 | Dec 9, 2016 | S | 1,500 | $49.55 | D | 113,042 | I | by spouse's IRA |
| Common StockF1,F4 | Dec 12, 2016 | S | 600 | $49.88 | D | 212,757 | I | by trust |
| Common StockF1,F5 | Dec 12, 2016 | S | 15,000 | $50.01 | D | 2,545,202 | I | by Cray MGP Holdings LP |
| Common Stock | holding | — | — | — | 10,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Sales by the reporting person's spouse's trust, spouse's IRA, and by her trust were made to fund year-end gifts. Sales by Cray MGP Holdings LP were made to satisfy required minimum distributions, make distributions to partners in the limited partnership, make charitable donations to community charities, and to permit diversification of the limited partnership's assets.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.51 to $49.62, inclusive. The reporting person undertakes to provide to MGP Ingredients, Inc., any security holder of MGP Ingredients, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote 2.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.51 to $49.70, inclusive. The reporting person undertakes to provide to MGP Ingredients, Inc., any security holder of MGP Ingredients, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote 3.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.88 to $49.89, inclusive. The reporting person undertakes to provide to MGP Ingredients, Inc., any security holder of MGP Ingredients, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote 4.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.91 to $50.14, inclusive. The reporting person undertakes to provide to MGP Ingredients, Inc., any security holder of MGP Ingredients, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote 5.