SEC Form 4 · accession 0001140361-18-032811
STANDARD DIVERSIFIED INC. · SDI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Standard General L.P.
10% Owner
Soohyung Kim
Officer — See Footnote 3 · Director · 10% Owner
Period of report
Jul 16, 2018
Accepted (ET)
Jul 18, 2018 · 5:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000911649
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.01 (Class A Common Stock)F4,F5 | Jul 16, 2018 | S | 1,700 | $14.00 | D | 7,384,495 | I | See Footnotes |
| Class A Common Stock, par value $0.01 (Class A Common Stock)F4,F5 | Jul 17, 2018 | S | 2,900 | $13.9724 | D | 7,381,595 | I | See Footnotes |
| Class B Common Stock, par value $0.01 (Class B Common Stock)F4,F5 | holding | — | — | — | 7,360,075 | I | See Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported herein were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Persons on June 19, 2018.
- F2This sale by certain accounts managed by the Reporting Persons was matchable under Section 16(b) of the Securities Exchange Act of 1934 with the purchase by different accounts managed by the Reporting Persons of 40 shares purchased on May 24, 2018 at a price of $11.0682 per share and 878 shares purchased on June 5, 2018 at a price of $12.25 per share. The Reporting Persons have already delivered to the Issuer a check representing the full amount of their pecuniary interest in the disgorgeable profit arising from such transactions.
- F3This sale does not result in additional disgorgeable profit, as purchases made within the past six months have already been matched for Section 16(b) purposes with sales at higher sales prices.
- F4The securities reported herein are beneficially owned by Standard General L.P. ("Standard General"). Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F5This Form 4 does not report any pecuniary interest of David Glazek in securities of the Issuer. Mr. Glazek, a director of the Issuer and a partner of Standard General, separately files reports under Section 16.