Galperin Marcos 4
4 · MERCADOLIBRE INC · Filed Dec 14, 2012
Insider Transaction Report
Form 4
MERCADOLIBRE INCMELI
Galperin Marcos
DirectorPresident and CEO10% Owner
Transactions
- Gift
Common Stock
2012-12-12−10,000→ 4,536,563 total - Gift
Common Stock
2012-12-12−3,786,563→ 750,000 total
Footnotes (2)
- [F1]In connection with an estate planning transaction, the Reporting Person gifted 10,000 shares of common stock ("Common Stock") of MercadoLibre, Inc. ("MercadoLibre") to the Galperin Trust (the "Trust") on July 9, 2012 (the "July Gift") and an additional 3,786,563 shares of Common Stock (together with the July Gift, the "Shares") to the Trust on December 12, 2012.
- [F2]The Trust is an irrevocable trust formed under New Zealand law by the Reporting Person and his spouse (collectively, the "Settlors") that was established for the benefit of the Reporting Person's children and parents and certain charitable organizations. Intertrust Suisse Trustee GMBH (the "Trustee") acts as the independent trustee of the Trust. Pursuant to the settlement deed of the Trust, the Trustee is required to obtain the majority approval of a protective committee comprised of three individuals, each of whom was initially appointed by the Settlors, prior to taking any action with respect to voting or disposing of any of the Shares. Because of the foregoing, the Reporting Person is no longer deemed to beneficially own the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.