GAREN ERIC R 4
4 · LEARNING TREE INTERNATIONAL INC · Filed Feb 22, 2005
Insider Transaction Report
Form 4
GAREN ERIC R
DirectorChairman of the Board10% Owner
Transactions
- Sale
Common Stock
2005-02-17$15.00/sh−20$300→ 2,443,946 total(indirect: See Footnote 4.) - Sale
Common Stock
2005-02-18$15.00/sh−65$975→ 2,443,881 total(indirect: See Footnote 4.)
Footnotes (4)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person as of May 10, 2004.
- [F2]Shares sold by the Garen Family Foundation, a Section 501(c)(3) exempt private foundation of which the reporting person is a trustee and disclaims beneficial ownership.
- [F3]See Footnote 4 for explanation of ownership.
- [F4]Explanation of Ownership. INCLUDES the following shares: 2,173,586 shares held by the Garen Family Trust of which the reporting person and his spouse are co-trustees; and 270,295 shares held by the Garen Family Foundation, a Section 501(c)(3) exempt private foundation of which the reporting person and his spouse are co-trustees and disclaim beneficial ownership. EXCLUDES an aggregate of 1,210,724 shares held by certain trusts (the "Trusts") established by the reporting person and his spouse for the benefit of their children: 162,957 shares held by the Garen Dynasty Trust, an irrevocable Delaware trust, 523,883 shares held by the Nicole Suzanne Garen Family Trust and 523,884 shares held by the Steven Robert Garen Family Trust, each an irrevocable California trust. Beneficial ownership of all shares owned by the Trusts is disclaimed by the reporting person.