4//SEC Filing
National Properties Trust 4
Accession 0001109697-17-000005
CIK 0001109697operating
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 6:43 PM ET
Size
7.2 KB
Accession
0001109697-17-000005
Insider Transaction Report
Form 4
First Hudson Trust of New York
10% Owner
Transactions
- Sale
Series A Preferred Stock
2016-02-04$40000.00/sh−25,000,000$1,000,000,000,000→ 0 total
Footnotes (4)
- [F1]The Series A Preferred Stock is the issuer's control stock.
- [F2]On or about February 12, 2016, First Hudson Trust of New York ("First Trust") and Electronic Merchant Systems Rochester, Inc. ("EMSR") sold 50,000,000 shares of the issuer's Series A Preferred Stock (the "Control Stock") to an unrelated third party under the terms and provisions of a stock purchase agreement delivered on the deemed execution date. First Trust and EMSR each owned 25,000,000 shares of the Control Stock.
- [F3]The transaction with the unrelated third party also called for First Trust and EMSR (previously defined in footnote second hereof) to sell their respective interests in another corporation, the shares of which in the other corporation comprised the selling price. The issuer's stock was an added value benefit to that certain stock purchase agreement and represented little, if any, of the sale and purchase price. The purchase price was to have been distributed equally to First Trust and EMSR.
- [F4]First Trust and EMSR (previously defined in footnote second hereof) collectively owned 50,000,000 shares of the issuer's control stock. The reporting person hereunder owned 25,000,000 shares; however, that certain stock purchase agreement called for the sale of the entire 50,000,000 shares of control stock, which included EMSR's holdings in the issuer. Following the disposition of the shares in the issuer, First Trust did not own any shares in the issuer.
Documents
Issuer
National Properties Trust
CIK 0001109697
Entity typeoperating
IncorporatedCO
Related Parties
1- filerCIK 0001109697
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 6:43 PM ET
- Size
- 7.2 KB