STEIN SAPIR LEONARD R 4
4 · MORGANS FOODS INC · Filed Jul 17, 2012
Insider Transaction Report
Form 4
STEIN SAPIR LEONARD R
DirectorChairman, CEO10% Owner
Transactions
- Other
Common Shares
2012-07-13$1.50/sh−733,302$1,099,953→ 0 total(indirect: By Trust) - Other
Common Shares
2012-07-13$1.50/sh+661,771$992,657→ 745,183 total
Footnotes (1)
- [F1]On July 13, 2012, the Reporting Person's Protective Trust (the "GRAT") distributed 71,531 Company Common Shares without consideration to the Reporting Person (reflecting only a change in the nature of the Reporting Person's beneficial ownership) and the Reporting Person purchased from the GRAT an additional 661,771 Company Common Shares at a purchase price per share of $1.50 per share. Please note that the amount of shares previously reported as beneficially owned indirectly by the GRAT inadvertently included 416 Company Common Shares; those shares were held (and continue to be) held directly by the Reporting Person. In addition, the Company Common Shares previously reported as being held indirectly (9,799 common shares by IRA and 1,666 common shares by Wife IRA) are now held directly by the Reporting Person.