Statement of Changes in Beneficial Ownership (4)
August 21 2020 - 5:05PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Pate Lisa M |
2. Issuer Name and Ticker or Trading Symbol
US XPRESS ENTERPRISES INC
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USX
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Trustee & Managing GP |
(Last)
(First)
(Middle)
11227 MEADOWVIEW ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/19/2020 |
(Street)
GEORGETOWN, TN 37336
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
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X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class B Common Stock | 8/19/2020 | | S(1) | | 3261 | D(1) | $11.0099 (2) | 2429203 | I (3) | Trustee |
Class B Common Stock | 8/20/2020 | | S(1) | | 300 | D(1) | $11.005 | 2428903 | I (3) | Trustee |
Class A Common Stock | | | | | | | | 110919 | D (4) | |
Class B Common Stock | | | | | | | | 319994 | D (4) | |
Class B Common Stock | | | | | | | | 150005 | I (5) | Managing General Partner |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan of the Anna Marie Quinn 2012 Irrevocable Trust FBO Lisa M. Pate. The shares sold automatically converted to Class A common stock upon sale. |
(2) | The price reflects a weighted average sale price for multiple transactions ranging from $11.00 to $11.035, inclusive. The reporting persons undertake to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each separate price. |
(3) | Shares held by the Anna Marie Quinn 2012 Irrevocable Trust FBO Lisa M. Pate of which Ms. Pate is the sole trustee. |
(4) | Shares held by Ms. Pate. |
(5) | Shares held by the Quinn Family Partners, L.P., in which Ms. Pate is the managing general partner. Ms. Pate disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purposes. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Pate Lisa M 11227 MEADOWVIEW ROAD GEORGETOWN, TN 37336 |
| X |
| Trustee & Managing GP |
Anna Marie Quinn 2012 Irrevocable Trust FBO Lisa M. Pate 11227 MEADOWVIEW ROAD GEORGETOWN, TN 37336 |
| X |
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Signatures
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/s/ Lisa M. Pate, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC | | 8/21/2020 |
**Signature of Reporting Person | Date |
/s/ Lisa M. Pate, trustee Anna Marie Quinn 2012 Irrevocable Trust FBO Lisa M. Pate, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC | | 8/21/2020 |
**Signature of Reporting Person | Date |
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