NEW PEOPLES BANKSHARES INC 4
4 · NEW PEOPLES BANKSHARES INC · Filed Jan 28, 2014
Insider Transaction Report
Form 4
Preservati Richard G
10% Owner
Transactions
- Purchase
Common Stock
2014-01-24$1.50/sh+2,533,333$3,800,000→ 2,533,333 total(indirect: General Partner) - Sale
Common Stock
2014-01-24$1.50/sh−2,533,333$3,800,000→ 0 total
Holdings
- 506,666
Common Stock Warrant
Exercise: $1.75From: 2012-12-20Exp: 2017-12-20→ Common Stock (506,666 underlying)
Footnotes (1)
- [F1]Reporting person sold 2,533,333 shares of common stock to Family's Future IV Limited Partnership, but maintains beneficial ownership of the securities as the sole general partner of the Limited Partnership who, as such, maintains sole voting and investment control. Reporting Person as general partner maintains a 1% pecuniary interest in the securities sold to the Limited Partnership and the Richard G and N Karen Preservati Grandchildren's Trust as the limited partner has a 99% pecuniary interest in the securities.