SEC Form 4 · accession 0001209191-17-056389
Capstone Holding Corp. · CAPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lloyd I Miller III
10% Owner
Period of report
Oct 5, 2017
Accepted (ET)
Oct 10, 2017 · 3:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000887151
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 5, 2017 | S | 100,000 | $0.06 | D | 624,100 | I | By LIMFAM LLC |
| Common StockF1 | holding | — | — | — | 472,792 | I | By Milfam II L.P. | |
| Common StockF1 | holding | — | — | — | 90,344 | I | By Trust D - Lloyd I. Miller | |
| Common StockF1 | holding | — | — | — | 641,218 | I | By Trust C - Lloyd I. Miller | |
| Common StockF1,F2 | holding | — | — | — | 2,914,484 | I | By LIM III - Trust A-4 | |
| Common StockF1,F2 | holding | — | — | — | 2,914,484 | I | By MBM - Trust A-4 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. This filing shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this filing.
- F2On September 27, 2017, in accordance with that certain Exercise of Authority of Distribution Adviser of Trust A-4, dated as of August 10, 2017, pursuant to which all securities held by Trust A-4 - Lloyd I. Miller were decanted to two (2) newly formed trusts, the investment adviser to Trust A-4 - Lloyd I. Miller directed the trustee and distribution adviser to distribute fifty percent (50%) of such securities to LIM III - Trust A-4 and fifty percent (50%) of such securities to MBM - Trust A-4. The decanting and distribution of all securities held or formerly held by Trust A-4 - Lloyd I. Miller is in process and final consummation thereof has yet to occur. Such transactions, when consummated, only effect a change in the form of beneficial ownership without changing the reporting person's pecuniary interest in such securities and was (or will be) exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-13.