SEC Form 4 · accession 0001493152-18-014614
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
Oct 16, 2018
Accepted (ET)
Oct 18, 2018 · 9:07 am 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 Stock | Oct 16, 2018 | J | 5,774 | $0.50 | A | 560,799 | D | |
| Class A Common StockF1 | Oct 16, 2018 | P | 13,333 | $0.50 | A | 562,132 | I | See Footnote 1 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Of the total holdings, 30,474 shares are held directly by the reporting person, and the balance are held indirectly through Rickert Family, Limited Partnership.
Remarks
Mr. Rickert is the general partner of Rickert Family, Limited Partnership and has sole voting and dispositive control over its 1,564,499 shares. 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 directly were awarded as compensation for service as a director of PEN Inc. and in satisfaction of Equity Credits. Shares acquired indirectly were purchased by the partnership in a private placement.