4//SEC Filing
Minnich Michael 4
Accession 0000355379-20-000005
CIK 0000355379other
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 6:14 PM ET
Size
8.4 KB
Accession
0000355379-20-000005
Insider Transaction Report
Form 4
Minnich Michael
DirectorExecutive Chairman10% Owner
Transactions
- Other
Common Stock
2020-08-03−700,496,352→ 300,038,437 total(indirect: By LLC) - Other
Common Stock
2020-08-03+68,915,486→ 80,026,598 total(indirect: By LLC)
Footnotes (3)
- [F1]Xenith Holdings, LLC ("Xenith") distributed for no consideration 1,000,537,789 shares of common stock of Midwest Holding Inc. ('"Common Stock") to its members on a pro rata basis. The reporting person retained indirect beneficial ownership of 300,038,437 shares of such Common Stock after giving effect to the distribution as described in footnotes 2 and 3 of this Form 4. The transaction described in this Form 4 represents an exempt change in form of beneficial ownership pursuant to Rule 16a-13.
- [F2]Such shares of Common Stock were previously reported as being indirectly held by the reporting person through Vespoint LLC ("Vespoint"), the managing member of Xenith, in a group filing by Vespoint, Xenith, the reporting person and other members of the group. These shares of Common Stock were distributed in the pro rata distribution noted in footnote #1 above to the other members of the group, leaving Vespoint directly owning 300,038,437 shares of Common Stock. The reporting person is a Co-Chief Executive Officer of Vespoint and in his capacity as such, may be deemed to exercise shared voting and investment power of the shares held by Vespoint. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F3]The shares of Common Stock reported as acquired in column 4 were previously reported as being indirectly held by the reporting person through Xenith and Vespoint. These shares were distributed for no consideration to Rendezvous Capital LLC in connection with the distribution noted in footnote #1 above. Rendezvous Capital is an entity controlled by the reporting person and owned by the reporting person and his spouse.
Documents
Issuer
MIDWEST HOLDING INC.
CIK 0000355379
Entity typeother
Related Parties
1- filerCIK 0001810688
Filing Metadata
- Form type
- 4
- Filed
- Aug 4, 8:00 PM ET
- Accepted
- Aug 5, 6:14 PM ET
- Size
- 8.4 KB