SEC Form 4 · accession 0001445866-16-001862
DIAMONDHEAD CASINO CORP · DHCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deborah A Vitale
Officer — PRESIDENT · Director · 10% Owner
Period of report
Sep 16, 2015
Accepted (ET)
Apr 4, 2016 · 2:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000844887
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF2 | Feb 10, 2016 | I | 26,514 | $0.00 | A | 447,272 | I | ESOP Participant Account |
| COMMON STOCKF3 | Dec 31, 2015 | J | 79,545 | $0.00 | D | 2,306,825 | I | ESOP TRUSTEE |
| COMMON STOCK | holding | — | — | — | 767,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OPTION TO BUY COMMON STOCKF1 | $0.30 | Sep 16, 2015 | E | 750,000 | D | Jan 19, 2013 | Oct 27, 2015 | COMMON STOCK | 750,000 | 0 | D |
| OPTION TO BUY COMMON STOCKF1 | $0.30 | Sep 16, 2015 | A | 750,000 | A | Sep 16, 2015 | Mar 13, 2018 | COMMON STOCK | 750,000 | 750,000 | D |
| OPTION TO BUY COMMON STOCKF1 | $0.75 | Sep 16, 2015 | E | 75,000 | D | Jan 19, 2013 | Oct 27, 2015 | COMMON STOCK | 75,000 | 0 | D |
| OPTION TO BUY COMMON STOCKF1 | $0.75 | Sep 16, 2015 | A | 75,000 | A | Sep 16, 2015 | Mar 13, 2018 | COMMON STOCK | 75,000 | 75,000 | D |
| OPTION TO BUY COMMON STOCK | $0.19 | holding | — | — | — | Mar 13, 2013 | Mar 13, 2018 | COMMON STOCK | 2,000,000 | 2,000,000 | D |
Explanation of responses
- F1On September 16, 2015, the Board of Directors extended the expiration date of previously awarded options to purchase common stock from October 27, 2015 to March 13, 2018.
- F2The Company recently updated its Trust accounting for the Employee Stock Ownership Plan for the years 2010 through 2014.
- F3The Company made no contribution to the ESOP for the year ending December 31, 2015 and, therefore, 79,545 shares from the ESOP were returned to the treasury, thus resulting in a decrease in the number of ESOP shares beneficially owned.