BEAR LAKE RECREATION INC 4
4 · BEAR LAKE RECREATION INC · Filed Apr 27, 2017
Insider Transaction Report
Form 4
ALBISTON TODD L
Other
Transactions
- Sale
Common Stock
2017-04-26$0.02/sh−82,416$1,648→ 21,667 total - Sale
Common Stock
2017-04-26$0.02/sh−6,667$133→ 15,000 total - Sale
Common Stock
2017-04-26$0.02/sh−181,633$3,996→ 104,083 total
Footnotes (5)
- [F1]These shares reflect a 3.5 for 1 reverse stock split effective October 23, 2006. The previous ownership reported was 1,000,000 shares beneficially owned, which after the reverse and rounding equals 285,716 shares beneficially owned.
- [F2]181,633 shares were cancelled to the Company for an aggregate price of $4,000 pursuant to a Common Stock Purchase Agreement dated April 5, 2017 (the "Agreement"), and filed with the Securities and Exchange Commission on that date; the Agreement was closed and completed on April 26, 2017, at which time Mr. Albiston's resignation as an officer and director became effective.
- [F3]Mr. Albiston sold 82,416 shares to a person who may be deemed to have been a related party of the Company at $0.02 per share for an aggregate purchase price of $1,648.32.
- [F4]Mr. Albiston sold 6,667 shares to a former legal counsel of the Company at $0.02 per share for an aggregate purchase price of $133.34.
- [F5]The Agreement required that the remaining 15,000 shares owned by Mr. Albiston be pledged to the Company for a period of 12 months under an Indemnification Escrow Agreement and an Indemnification Agreement.