Kiel Steven L 4
4 · ENTERPRISE DIVERSIFIED, INC. · Filed Feb 18, 2020
Insider Transaction Report
Form 4
Kiel Steven L
DirectorExecutive Chairman10% Owner
Transactions
- Award
Common Stock
2020-02-14+21,580→ 53,778 total
Holdings
- 683,309(indirect: See note)
Common Stock
Footnotes (2)
- [F1]No price was paid, as the shares were acquired by virtue of the Issuer determining to issue shares of Common Stock in lieu of cash payment of $78,849 in 2019 Board of Directors fees payable to Mr. Kiel. The number of shares that were issued was determined by the Issuer based on the Bloomberg Prior 90 Day Volume Weighted Average Price (VWAP) as of January 31, 2020, which equaled $3.6537 per share.
- [F2]Reflects 683,309 shares owned by Arquitos Capital Offshore Master, Ltd. (the Arquitos Fund). Arquitos Capital Management LLC acts in the capacity as general partner to the Arquitos Fund. Steven L. Kiel is the Managing Member of Arquitos Capital Management LLC and is deemed to have beneficial ownership over the Common Stock owned by the Arquitos Fund.