SEC Form 4 · accession 0001571049-17-005929
STANDARD DIVERSIFIED INC. · SDI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian Estus
Officer — President and CEO · Director
Period of report
Jun 9, 2017
Accepted (ET)
Jun 13, 2017 · 8:08 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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01F1 | May 30, 2017 | J | 150,000 | — | D | 0 | D | |
| Class A Common Stock, par value $0.01F1 | May 30, 2017 | J | 6,000 | — | A | 6,000 | D | |
| Class B Common Stock, par value $0.01F2 | Jun 1, 2017 | J | 6,000 | — | A | 6,000 | D | |
| Class A Common Stock, par value $0.01F3 | Jun 9, 2017 | A | 85,086 | — | A | 91,086 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to a reclassification exempt under Rule 16b-7, the Issuer's previously existing Common Stock ($0.01 par value per share) was reclassified into Class A Common Stock ($0.01 par value per share), immediately and automatically, at a ratio of one (1) share of Class A Common Stock for every twenty-five (25) shares of previously existing Common Stock.
- F2On June 1, 2017, the Issuer declared a stock dividend, payable to all holders of record of Class A Common Stock on June 2, 2017, of one share of Class B Common Stock for each share of Class A Common Stock outstanding. The Class B Common Stock is convertible into shares of Class A Common Stock on a one-for-one basis.
- F3Represents restricted shares granted as employee compensation. These shares will vest in three equal annual installments beginning on the first anniversary of the date of grant.