Rickert Scott E. 4
4 · PEN INC. · Filed Nov 4, 2019
Insider Transaction Report
Form 4
PEN INC.PENC
Rickert Scott E.
DirectorCEO, President, Chairman10% Owner
Transactions
- Purchase
Class A Common Stock
2019-10-31$0.65/sh+5,128$3,333→ 575,227 total(indirect: See footnote) - Purchase
Warrant
2019-10-31$0.03/sh+4$0→ 4 total(indirect: See footnote)Exercise: $1.50From: 2019-10-31Exp: 2023-10-31→ Class A common stock (4 underlying)
Footnotes (1)
- [F1]Of the total holdings, 49,081 shares are held directly by the reporting person, and the balance are held indirectly through Rickert Family, Limited Partnership. Mr. Rickert is the general partner of Rickert Family, Limited Partnership and has sole voting and dispositive control over its 1,579,883 shares and its 13 Warrants. Mr. Rickert disclaims beneficial ownership of two-thirds of the shares and two thirds of the warrants held by the partnership for which he does not have pecuniary interest and this filing should not be construed as an admission that the reporting person is the beneficial owner of these securities.