SEC Form 4 · accession 0001165195-15-000018
BALTIA AIR LINES INC · BLTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry Clare
Officer — VP Finance
Period of report
May 18, 2015
Accepted (ET)
May 20, 2015 · 4:11 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 StockF1 | May 18, 2015 | P | 3,750,000 | $0.008 | A | 147,003,998 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1A recent audit of shares revealed several errors in the amount of shares of the reporting person, including the misreporting of 12,000,000 shares due to the theft of the certificates in 2011, reported as cancelled rather than "stopped". This means that the shares continue to be in the name of the reporting person even though the certificates are not in his possession. In addition, it appears that some shares were transferred to a brokerage and distributed to a business partner of the reporting person back in 2006 or 2007. The total shares reported herein derive directly from the listing with the transfer agent and the reporting persons broker.