4//SEC Filing
Tierney Daniel 4
Accession 0001209191-21-057752
CIK 0001776932other
Filed
Sep 26, 8:00 PM ET
Accepted
Sep 27, 1:50 PM ET
Size
14.4 KB
Accession
0001209191-21-057752
Insider Transaction Report
Form 4
Milestone Investments, LP
10% Owner
Transactions
- Other
Class B Common Shares
2021-02-22−9,813,234→ 0 total→ Class B Subordinate Voting Shares (9,813,234 underlying) - Other
Class B Subordinate Voting Shares
2021-02-22+9,813,234→ 32,166,706 total(indirect: By Clarence, LP. See footnote 4.)
Tierney Daniel
10% Owner
Transactions
- Other
Class B Common Shares
2021-02-22−9,813,234→ 0 total→ Class B Subordinate Voting Shares (9,813,234 underlying) - Other
Class B Subordinate Voting Shares
2021-02-22+9,813,234→ 32,166,706 total(indirect: By Clarence, LP. See footnote 4.)
Wicklow Capital Inc.
10% Owner
Transactions
- Other
Class B Common Shares
2021-02-22−9,813,234→ 0 total→ Class B Subordinate Voting Shares (9,813,234 underlying) - Other
Class B Subordinate Voting Shares
2021-02-22+9,813,234→ 32,166,706 total(indirect: By Clarence, LP. See footnote 4.)
Transactions
- Other
Class B Common Shares
2021-02-22−9,813,234→ 0 total→ Class B Subordinate Voting Shares (9,813,234 underlying) - Other
Class B Subordinate Voting Shares
2021-02-22+9,813,234→ 32,166,706 total(indirect: By Clarence, LP. See footnote 4.)
Footnotes (7)
- [F1]This Form 4 is being filed jointly by Wicklow Capital, Inc., an Illinois corporation ("Wicklow"), Milestone Investments, LP, an Alaska limited partnership ("Milestone"), the Dan Tierney & Daniel V. Tierney 2003 Trust (the "Trust"), and Daniel V. Tierney (collectively, the "Reporting Persons").
- [F2]Shares acquired upon redemption of Class B Common Shares ("Class B Shares") of MM CAN USA, Inc., a California corporation ("MM CAN"). See also footnote 6.
- [F3]Not applicable.
- [F4]Wicklow is the general partner of each of Milestone and Clarence, LP ("Clarence"). The Trust is the sole stockholder of Wicklow and the sole limited partner of Milestone and Clarence. Daniel V. Tierney is the trustee and sole beneficiary of the Trust and has voting and/or dispositive power over the securities of Issuer held by Wicklow, Milestone and Clarence. As a result, Daniel V. Tierney and the Trust may be deemed to indirectly beneficially own the securities of Issuer held by Wicklow, Milestone and Clarence. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest, if any, therein.
- [F5]Class B Shares of MM CAN.
- [F6]Class B Shares may be exchanged or redeemed for Class B Subordinate Voting Shares ("Subordinate Voting Shares") of Issuer as specified in MM CAN's articles of incorporation. Upon exercise of a redemption or exchange right, MM CAN will repurchase for cancellation each Class B Share submitted for redemption or exchange in consideration for either, at MM CAN's election, one Subordinate Voting Share or a cash amount equal to the cash settlement amount applicable to such Subordinate Voting Share (which cash settlement amount would be equal to the five-day VWAP for the Subordinate Voting Shares on the principal securities exchange on which the Subordinate Voting Shares are traded, ending on the last trading day immediately prior to the applicable date of redemption or exchange); provided that MM CAN may assign to Issuer its rights and rights and obligations to effect a redemption or exchange directly with the redeeming holder.
- [F7]Shares redeemed pursuant to terms specified in the articles of incorporation of MM CAN. See also footnote 6.
Documents
Issuer
MedMen Enterprises, Inc.
CIK 0001776932
Entity typeother
Related Parties
1- filerCIK 0001580557
Filing Metadata
- Form type
- 4
- Filed
- Sep 26, 8:00 PM ET
- Accepted
- Sep 27, 1:50 PM ET
- Size
- 14.4 KB