Form 4 for FUND SPROTT FOCUS TRUST INC.
Accepted 2022-05-16 00:00:00 ET · period of report 2022-05-12 · accession 0000899243-22-018182 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2022-05-16 | 2022-05-12 | FUND | GEORGE W WHITNEY | Dir, 10%, Senior Portfolio Manager | P - Purchase | $8.20 | +10.0K | 10.0K | New | +$82.0K |
| MI | 2022-05-16 | 2022-05-04 | FUND | GEORGE W WHITNEY | Dir, 10%, Senior Portfolio Manager | G - Gift | $0.00 | 0 | 305.9K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-05-12 | P | A | 10,000 | $8.20 | 10,000 | I Held by Trust | — | — | (F7) Represents the weighted average purchase price of multiple transactions with a range of prices between $8.14 and $8.20. Mr. George hereby undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price. (F4) Shares held by a trust established for the benefit of Mr. George's spouse. Mr. George serves as trustee of the trust and, in such capacity, has investment and voting discretion over shares held by the trust. As beneficiary of the trust, Mr. George's spouse has a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust. (F2) These shares were held by The Mallory Descendant's Trust U/T/A DTD 12/31/2013 (the "Descendant's Trust"), of which Mr. George served as trustee and his spouse was a beneficiary. On May 4, 2022, the Descendant's Trust dissolved, and its assets were distributed, for no consideration, into three new trusts. The beneficiary of each new trust was a beneficiary of the Descendant's Trust. Two of the trusts received the issuer's shares held by the Descendant's Trust. Mr. George was appointed as a trustee of each of the three new trusts and, in such capacity, has investment and voting discretion over shares held by each trust. Mr. George's spouse is a beneficiary of one trust, and as such, has a pecuniary interest in such trust. Mr. George's immediate family members are the beneficiaries of the other two trusts. As such, Mr. George may be deemed to beneficially own the shares held by the each of the three new trusts. |
| 2 | Common | Common Stock | 2022-05-04 | G | A | 305,867 | $0.00 | 305,867 | I Held by Trust | — | — | (F2) These shares were held by The Mallory Descendant's Trust U/T/A DTD 12/31/2013 (the "Descendant's Trust"), of which Mr. George served as trustee and his spouse was a beneficiary. On May 4, 2022, the Descendant's Trust dissolved, and its assets were distributed, for no consideration, into three new trusts. The beneficiary of each new trust was a beneficiary of the Descendant's Trust. Two of the trusts received the issuer's shares held by the Descendant's Trust. Mr. George was appointed as a trustee of each of the three new trusts and, in such capacity, has investment and voting discretion over shares held by each trust. Mr. George's spouse is a beneficiary of one trust, and as such, has a pecuniary interest in such trust. Mr. George's immediate family members are the beneficiaries of the other two trusts. As such, Mr. George may be deemed to beneficially own the shares held by the each of the three new trusts. (F5) Shares held by a trust established for the benefit of Mr. George's immediate family member (the "BM Trust"). Mr. George serves as trustee of the BM Trust and, in such capacity, has investment and voting discretion over shares held by the BM Trust. Mr. George may be deemed to beneficially own the shares held by the BM Trust. |
| 3 | Common | Common Stock | 2022-05-04 | G | D | 611,734 | $0.00 | 0 | I Held by Trust | — | — | (F2) These shares were held by The Mallory Descendant's Trust U/T/A DTD 12/31/2013 (the "Descendant's Trust"), of which Mr. George served as trustee and his spouse was a beneficiary. On May 4, 2022, the Descendant's Trust dissolved, and its assets were distributed, for no consideration, into three new trusts. The beneficiary of each new trust was a beneficiary of the Descendant's Trust. Two of the trusts received the issuer's shares held by the Descendant's Trust. Mr. George was appointed as a trustee of each of the three new trusts and, in such capacity, has investment and voting discretion over shares held by each trust. Mr. George's spouse is a beneficiary of one trust, and as such, has a pecuniary interest in such trust. Mr. George's immediate family members are the beneficiaries of the other two trusts. As such, Mr. George may be deemed to beneficially own the shares held by the each of the three new trusts. |
| 4 | Common | Common Stock | 2022-05-04 | G | A | 305,867 | $0.00 | 305,867 | I Held by Trust | — | — | (F6) Shares held by a trust established for the benefit of Mr. George's immediate family member (the "TM Trust"). Mr. George serves as trustee of the TM Trust and, in such capacity, has investment and voting discretion over shares held by the TM Trust. Mr. George may be deemed to beneficially own the shares held by the TM Trust. (F2) These shares were held by The Mallory Descendant's Trust U/T/A DTD 12/31/2013 (the "Descendant's Trust"), of which Mr. George served as trustee and his spouse was a beneficiary. On May 4, 2022, the Descendant's Trust dissolved, and its assets were distributed, for no consideration, into three new trusts. The beneficiary of each new trust was a beneficiary of the Descendant's Trust. Two of the trusts received the issuer's shares held by the Descendant's Trust. Mr. George was appointed as a trustee of each of the three new trusts and, in such capacity, has investment and voting discretion over shares held by each trust. Mr. George's spouse is a beneficiary of one trust, and as such, has a pecuniary interest in such trust. Mr. George's immediate family members are the beneficiaries of the other two trusts. As such, Mr. George may be deemed to beneficially own the shares held by the each of the three new trusts. |