SHALAM JOHN J 4/A
4/A · VOXX International Corp · Filed Nov 5, 2020
Insider Transaction Report
Form 4/AAmended
SHALAM JOHN J
Director10% Owner
Transactions
- Gift
Class B Common Stock
2020-10-08−1,608,114→ 2,144,152 total(indirect: See note)→ Class A Common Stock (1,608,114 underlying) - Gift
Class A Common Stock
2020-10-08−1,444,900.5→ 1,915,373 total(indirect: See Note)
Holdings
- 17,340
Class A Common Stock
Footnotes (8)
- [F1]For estate planning purposes, John J. Shalam (the "Reporting Person" or "Mr. Shalam") gifted an aggregate 75% membership interest in SHALVOXX A HOLDCO LLC ("ShalvoxxA") and an aggregate 75% membership interest in SHALVOXX B HOLDCO LLC ("ShalvoxxB"), in each case, 25% to each of three trusts established by him for the benefit of each of his three sons. In the original Form 4, it was reported that prior to such gifts, on September 10, 2020, Mr. Shalam transferred 1,926,534 shares of Class A Common Stock and 2,144,152 shares of Class B Common Stock directly owned by him to ShalvoxxA and ShalvoxxB, respectively, for no consideration in exchange, and at such time Mr. Shalam owned 100% of the membership interests in each such limited liability company. Mr. Shalam actually transferred 1,915,373 Class A Common Stock shares to ShalvoxxA. Following such gifts, Mr. Shalam holds a 25% membership interest in each such company. Mr. Shalam also is a manager of each of ShalvoxxA and ShalvoxxB and ha
- [F2]Represents the Reporting Person's gift of an aggregate 75% proportionate pecuniary interest in the total number of shares of the Issuer's common stock directly held by ShalvoxxA or ShalvoxB, as the case may be.
- [F3]Not applicable.
- [F4]Represents the total number of shares of the Issuer's common stock directly held by ShalvoxxA or ShalvoxB, as the case may be, without reduction for the gift described in notes 1 and 2 above. However, the Reporting Person disclaims beneficial ownership of such shares except to the extent of of his pecuniary interest.
- [F5]Indirectly owned through ShalvoxxA.
- [F6]Inadvertently not previously reported.
- [F7]Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock. The Class B Common Stock does not have an expiration date.
- [F8]Indirectly owned through ShalvoxxB.