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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Class A Common Stock | (4) | (3) | (3) | Class B Common Stock | 181,500 (5) | 181,500 (6) | I | By the Ajit Jain GRAT Trust | |||||||
Class A Common Stock | (4) | (3) | (3) | Class B Common Stock | 195,000 (7) | 195,000 (6) | I | By the Indrima Jain GRAT Trust |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Jain Ajit 100 FIRST STAMFORD PLACE BHRG STAMFORD, CT 06902 |
X | Vice Chairman |
Ajit Jain | 11/09/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The reported transaction was a sale by the non-profit corporation Jain Foundation Inc., of 5,700 shares of Class B Common Stock. |
(2) | The shares directly owned by the Reporting Person, and the shares owned by the Reporting Person's spouse remain unchanged (202 and 150). |
(3) | Not Applicable |
(4) | Each share of Class A Common Stock is convertible at any time at the option of the holder into 1,500 shares of Class B Common Stock. |
(5) | A family-planning trust established by the Reporting Person for the benefit of the Reporting Person's children owns 121 shares of Class A Common Stock, which are convertible into 181,500 shares of Class B Common Stock. |
(6) | On October 31st, the Reporting Person and the Reporting Person's spouse transferred all owned Class A Shares into family-planning trusts established for the benefit of the Reporting Person's children. |
(7) | A family-planning trust established by the Reporting Person's spouse for the benefit of the Reporting Person's children owns 130 shares of Class A Common Stock, which are convertible into 195,000 shares of Class B Common Stock. |