National Properties Trust 3
3 · National Properties Trust · Filed Mar 8, 2017
Insider Transaction Report
Form 3
First Hudson Trust of New York
10% Owner
Holdings
- 25,000,000
Series A Preferred Stock
Footnotes (2)
- [F1]The corporation's Series A Preferred Stock is the control stock.
- [F2]On or about April 22, 2015, Electronic Merchant Systems Rochester, Inc. ("EMSR") and First Hudson Trust of New York ("First Trust") entered into a stock purchase agreement; whereby, an unrelated third party acquired 50,000,000 shares of the Series A Preferred Stock of the issuer. The aforementioned number of shares represented the control stock of the issuer, and each of EMSR and First Trust held 25,000,000 shares. The purchaser was notified of its default under that certain stock purchase agreement, and, consequently, the control shares reverted to EMSR and First Trust on June 20, 2015.