PNBK Sponsor LLC 4
4 · PATRIOT NATIONAL BANCORP INC · Filed Feb 7, 2018
Insider Transaction Report
Form 4
PNBK Sponsor LLC
10% Owner
Transactions
- Other
Common Stock
2018-01-04−840,000→ 2,195,000 total(indirect: By LLC) - Other
Common Stock
2018-01-04+815→ 815 total
Footnotes (3)
- [F1]On January 4, 2018, PNBK Holdings LLC ("Holdings") conducted an in-kind distribution (the "In-Kind Distribution") of 840,000 shares of restricted common stock of the Issuer to shareholders of Holdings.
- [F2]PNBK Sponsor LLC ("Sponsor") is the managing member of Holdings; therefore, Sponsor may be deemed to indirectly beneficially own the shares owned by Holdings. The number of shares reported hereunder does not include 325,000 shares owned by Holdings with respect to which Fabrizio Bentivoglio has sole voting and dispositive power.
- [F3]On January 4, 2018, Sponsor received 815 shares of common stock in the In-Kind Distribution.