4//SEC Filing
Hudson Randolph S 4
Accession 0001294447-09-000007
CIK 0001397081other
Filed
May 26, 8:00 PM ET
Accepted
May 27, 10:21 AM ET
Size
6.2 KB
Accession
0001294447-09-000007
Insider Transaction Report
Form 4
Hudson Randolph S
DirectorCOB, Pres.,CEO,Treas.,Act. CFO10% Owner
Transactions
- Gift
Common Stock, $0.0001 par value per share
2009-05-27−750,000→ 7,294,900 total
Footnotes (2)
- [F1]The Reporting Person transferred 750,000.0000 shares of the common stock he owns in the Issuer to Charles R. Faul. (The transferee's CIK is 0001464823.) The Reporting Person deems the transfer to constitute a bona fide gift pursuant to 17 CFR 240.16(b)(5) of the Securities Exchange Act of 1934 exempt from the operation of section 16(b) of the Exchange Act.
- [F2]The Reporting Person deems the transaction reported herein as a bona fide gift exempt from Section 16(b) of the Securities Exchange Act of 1934. Consequently, the Reporting Person did not receive any consideration for his shares in the Issuer. For U. S. Internal Revenue Service taxation purposes, the Reporting Person deems the value of the gifted securities to be at par, or $75 in the aggregate.
Documents
Issuer
Residential Income Properties, Inc.
CIK 0001397081
Entity typeother
Related Parties
1- filerCIK 0001294447
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 10:21 AM ET
- Size
- 6.2 KB