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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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SHIFFMAN GARY A 27777 FRANKLIN ROAD SUITE 200 SOUTHFIELD, MI 48034 |
X | Chairman & CEO |
Gary A. Shiffman | 03/14/2019 | |
**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) | Represents the receipt of the issuer's common stock by virtue of a pro rata distribution to the reporting person for no additional consideration, representing a change of ownership from indirect to direct. Prior reports of the reporting person reported indirect beneficial ownership of 84,584 shares of the issuer's common stock, but disclaimed beneficial ownership to the extent of his pecuniary interest therein. The reporting person's pecuniary interest in the LLC was only to the extent of 28,192 shares of the issuer's common stock. |
(2) | Represents a redemption of the reporting person's interest in two LLCs, which LLCs in the aggregate owned 257,179 shares of the issuer's common stock. The reporting person's aggregate pecuniary interest in the issuer's common stock held by the two LLC's was 12,859 shares. The reporting person no longer is a member or manager of these two LLCs or the LLC referenced in footnote 1 and therefore has no remaining pecuniary interest in such LLCs. |
(3) | Owned by irrevocable trust of which the reporting person is not a trustee. |