SEC Form 5 · accession 0001165195-15-000012
BALTIA AIR LINES INC · BLTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Igor Dmitrowsky
Officer — President · Director · 10% Owner
Period of report
Dec 31, 2014
Accepted (ET)
Apr 30, 2015 · 12:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000869187
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF3,F1,F2,F4 | Dec 16, 2014 | J | 8,500 | $0.015 | D | 851,654,266 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This represents shares that were apparently sold or otherwise disposed of by the broker for payment of brokerage fees for holding the reporting person's shares since 5/19/2011. It is the difference between the original transfer of 54,000,000 shares to the broker on that date and the re-listing of those shares, in the reduced amount of 53,991,500, in the name of the reporting person by the transfer agent on 12/16/2014. At present it is unknown when those shares were sold, or transferred to another account as appears to be the case.
- F2Inasmuch as it is unknown when said shares were transferred by the holding Broker, apparently for fees, sometime between May 2011 and 11/22/2013, the best estimate of the value of those shares is .015 which represents a price between .01 and .02 which is the general range of market price fluctuations during that period.
- F3This is the date that shares, originally issued to a broker on May 19, 2011 in the amount of 54,000,000, were returned to the Company's Transfer Agent for listing in the reporting person's name, reduced by 8,500 shares.
- F4This number derives from a recent audit of share ownership of the company, and includes 54,000,000 originally reported as "cancelled due to administrative error" on May 19, 2011 when in fact they were transferred into CEDE and CO FAST for listing in a brokerage account for the benefit of the reporting person.
Remarks
The Form 5 filed on 10/23/2012 (for Fiscal Year 2011) erroneously recorded a transfer to a broker as a disposition of 54,000,000 shares, reducing overall ownership by the reporting person by that number of shares. This error was discovered on a recent audit of the share ownership provoked by the re-listing of the shares with the transfer agent from the broker in the amount of 53,991,500 on December 16, 2014.