LEBER STEVEN E 4
4 · GRANDPARENTS.COM, INC. · Filed Apr 3, 2013
Insider Transaction Report
Form 4
GRANDPARENTS.COM, INC.GPCM.OB
LEBER STEVEN E
DirectorCo-CEO, Chairman10% Owner
Transactions
- Other
Common Stock
2013-04-01$0.07/sh−2,000,000$140,000→ 53,887,491 total(indirect: See Footnote)
Footnotes (3)
- [F1]Such securities were distributed (the "Distribution") by GP.com Holding Company, LLC, a limited liability company of which the reporting person is a Managing Director and indirectly holds a membership interest ("GP.com LLC"), to an entity controlled by Joseph Bernstein, a Managing Director of the reporting person and executive officer and director of the Corporation, as an advance against future pro rata distributions by GP.com LLC of shares of the Company's Common Stock owned by GP.com LLC. No consideration was paid to the Corporation in connection with the Distribution.
- [F2]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Securities Exchange Act or 1934, as amended (the "Exchange Act"), or for any other purposes. See footnote 3 hereto.
- [F3]The reported securities are owned beneficially and of record by GP.com LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of Exchange Act or for any other purposes.