GAREN ERIC R 4
4 · LEARNING TREE INTERNATIONAL INC · Filed Jan 12, 2011
Insider Transaction Report
Form 4
GAREN ERIC R
DirectorChairman of the Board10% Owner
Transactions
- Gift
Common Stock
2010-12-14−75,000→ 2,153,040 total(indirect: See Footnote 1.)
Footnotes (2)
- [F1]INCLUDES: (i) 381,970 shares held by the Reporting Person; (ii) 456,970 shares held by the Reporting Person's spouse; (iii) 547,646 shares held by each of the Eric R. Garen 2010 Annuity Trust #1 and the Nancy Garen 2010 Annuity Trust #1; (iv) 218,808 shares held by 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 shares held by certain trusts established by the Reporting Person and and his spouse f/b/o their children: 154,999 shares held by Garen Dynasty Trust ("Dynasty Trust"), an irrevocable DE trust, 496,033 shares held by the Nicole Suzanne Garen Family Trust, and 496,033 shares held by the Steven Robert Garen Family Trust (collectively, "Family Trusts"), each an irrevocable CA trust. The Reporting person disclaims beneficial ownership of all shares owned by the Dynasty Trust and the Family Trusts.
- [F2]See Footnote 1 for explanation of ownership.