Minnich Michael 4
4 · MIDWEST HOLDING INC. · Filed Nov 12, 2020
Insider Transaction Report
Form 4
Minnich Michael
DirectorExecutive Chairman10% Owner
Transactions
- Other
Voting Common Stock
2020-11-10−600,077→ 0 total(indirect: By LLC) - Other
Voting Common Stock
2020-11-10+253,123→ 413,176 total(indirect: By LLC)
Footnotes (3)
- [F1]Vespoint LLC distributed for no consideration 600,077 shares of voting common stock of Midwest Holding Inc. to its members on a pro rata basis. The reporting person retained indirect beneficial ownership of 253,123 shares of such voting common stock after giving effect to the distribution as described herein. The transaction described in this Form 4 represents an exempt change in form of beneficial ownership pursuant to Rule 16a-13.
- [F2]The shares of voting common stock reported as acquired in column 4 were previously reported as being indirectly held by the reporting person through Vespoint LLC. 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.
- [F3]The reported share numbers in this Form 4 compared to the reporting person's previously filed Form 4 have been adjusted to reflect a 500 for 1 reverse stock split effectuated by Midwest Holding in August 2020.