Statement of Changes in Beneficial Ownership (4)
September 18 2020 - 6:21PM
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
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Cumming John D. |
2. Issuer Name and Ticker or Trading Symbol
Crimson Wine Group, Ltd
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CWGL
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O CRIMSON WINE GROUP, LTD., 2700 NAPA VALLEY CORPORATE DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/31/2019 |
(Street)
NAPA, CA 94558
(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)
_X
_ Form filed by One Reporting Person
___ 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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Common Stock | 12/31/2019 | | G(1) | | 2410828 | A | $0 | 2410828 (1) | I | By CLAT (1) |
Common Stock | | | | | | | | 579547 | D | |
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) | Represents shares (the "Shares") held by The Ian M. Cumming Charitable Lead Annuity Trust (the "CLAT"). On December 31, 2019, the CLAT acquired the Shares through a gift by the Estate of Ian M. Cumming, which the reporting person previously served as the personal representative for. On April 15, 2020, Teton Holdings Corporation CCS ("Teton") replaced the reporting person as the trustee for CLAT. The reporting person owns a 50% interest in Teton and serves as a member of the board of directors and as a member of the investment committee of Teton. The reporting person also holds a remainder interest in the CLAT. The reporting person disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Cumming John D. C/O CRIMSON WINE GROUP, LTD. 2700 NAPA VALLEY CORPORATE DRIVE NAPA, CA 94558 | X | X |
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Signatures
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/s/ Catherine Handley, as attorney-in-fact | | 9/18/2020 |
**Signature of Reporting Person | Date |
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