CLINTON J D 4
4 · SUMMIT AMERICA TELEVISION INC /TN/ · Filed Aug 28, 2003
Insider Transaction Report
Form 4
CLINTON J D
Director
Transactions
- Other
Common Stock
2003-08-27−659,010→ 3,062,144 total(indirect: various)
Footnotes (1)
- [F1]* SAH Holdings, Ltd. distributed 1,210,095 common shares of the Issuer to its limited partners on August 27, 2003, including 551,085 common shares distributed to affiliates of J.D. Clinton. Before the distribution, J.D. Clinton was deemed to be the beneficial owner of all 1,210,095 shares distributed, because he controlled the general partner of SAH Holdings, Ltd. and thus had voting control over all such shares prior to distribution. Following such distribution to the limited partners of SAH Holdings, Ltd., SAH Holdings, Ltd. now owns 42,427 common shares and Issuer beneficially owns 659,010 fewer shares.