SEC Form 5/A · accession 0001165195-16-000062
BALTIA AIR LINES INC · BLTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 5/A). It replaces an earlier filing for the same period.
Reporting owner
Russell Thal
Officer — Executive VP
Period of report
Dec 31, 2010
Accepted (ET)
Apr 27, 2016 · 5:27 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 StockF3 | Jun 1, 2010 | A | 1,000,000 | $0.0001 | A | 15,254,600 | D | |
| Common StockF3 | Jun 14, 2010 | A | 2,000,000 | $0.0001 | A | 15,254,600 | D | |
| Common StockF1 | Jul 20, 2010 | G | 900,000 | $0.00 | D | 15,254,600 | D | |
| Common StockF3 | Sep 14, 2010 | A | 2,000,000 | $0.0001 | A | 15,254,600 | D | |
| Common Stock | Nov 3, 2010 | A | 500,000 | $0.0001 | A | 15,254,600 | D | |
| Common StockF3,F4 | Nov 3, 2010 | G | 500,000 | $0.00 | D | 15,254,600 | D | |
| Common StockF5,F6,F4 | Dec 1, 2010 | P | 4,600 | $0.05 | A | 15,254,600 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1An audit of the issued shares shows that this disposition was 900,000 shares not 800,000 shares as originally reported in the original Form 5 filed 10/17/2012
- F2This transaction was not reported in the original Form 5 filing as no shares were issued directly to the reporting person. However since these shares were issued as compensation to the reporting person, but to a third party at his direction, they should have been reported as acquired prior to the disposition which was reported in the original filing. This error was discovered in an audit of the shares.
- F3This transaction was reported in the original filing.
- F4This total includes all the corrections made herein.
- F5The actual date of this transaction is unknown, but represents shares purchased by the reporting person on the open market.
- F6Actual price is unknown, but the market varied in 2010 between .02 and .11 a share.
Remarks
This is a correction made upon discovery of certain errors in prior submissions, in particular in connection with the distribution of shares at the direction of the reporting person, received as compensation, but not as actual shares issued to him. Only the distribution was reported in the earlier filing. In addition, there was a calculation error wherein 900,000 shares were disposed as gifts rather then 800,000 as previously reported.