SEC Form 4 · accession 0001493152-17-008285
PEN INC. · PENC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott E. Rickert
Officer — CEO, President, Chairman · Director · 10% Owner
Period of report
Jul 28, 2017
Accepted (ET)
Jul 31, 2017 · 4:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000891417
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Jul 28, 2017 | J | 1,600 | $1.25 | A | 521,690 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Of the total holdings, 13,031 shares of Class B common stock are held directly by the reporting person, 464,256 shares of Class B common stock and 43,910 shares of Class A common stock are held indirectly through Rickert Family, Limited Partnership. Holders of Class B common stock may convert the Class B shares into Class A shares at any time.
Remarks
1,392,768 shares of Class B common stock and 131,731 shares of Class A common stock are held by Rickert Family, Limited Partnership an entity for which Mr. Rickert is the general partner and has sole voting and dispositive control. Mr. Rickert disclaims beneficial ownership of two-thirds of the shares held by the partnership for which he does not have pecuniary interest and this filing should not be construed as an admission that the reporting person is the beneficial owner of these securities. Shares acquired were awarded as compensation for service as a director of PEN Inc.