Amended Statement of Changes in Beneficial Ownership (4/a)
May 09 2023 - 7:48PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB Number:
3235-0287
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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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GILBERT DON HAROLD |
2. Issuer Name and Ticker or Trading Symbol
GLOBAL TECH INDUSTRIES GROUP, INC.
[
GTII
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Audit Chair |
(Last)
(First)
(Middle)
29 ASHTON DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/3/2022 |
(Street)
STATEN ISLAND, NY 10312 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
3/30/2023 |
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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(City)
(State)
(Zip)
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Rule 10b5-1(c) Transaction Indication
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to
satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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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 | 10/3/2022 | (1) | S(2) | | 3833 | D | $6.098 | 4599218 | D | |
Common Stock | 11/1/2022 | (1) | S(2) | | 3833 | D | $4.004 | 4595385 | D | |
Common Stock | 12/1/2022 | (1) | S(2) | | 3833 | D | $1.05 | 4591552 | D | |
Common Stock | 1/3/2023 | (1) | S(2) | | 3833 | D | $1.2274 | 8003833 (3) | D | |
Common Stock | 2/1/2023 | (1) | S(2) | | 3833 | D | $2 | 8000000 (3) | D | |
Common Stock | 3/1/2023 | (1) | S(2) | | 3833 | D | $1.3903 | 7996167 (3) | 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) | On March 30, 2023, the reporting person filed a Form 4 which inadvertently reported a "Deemed Execution Date", under column 2A. |
(2) | On March 30, 2023, the reporting person filed a Form 4 which also inadvertently reported the incorrect "Transaction Code", under column 3. Furthermore, the transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person on June 23, 2022. |
(3) | On March 30, 2023, the reporting person filed a Form 4 which also inadvertently reported an inaccurate number of shares of common stock beneficially owned by the reporting person following each reported transaction. In fact, as reported in this amendment, the reporting person owned 3,416,114 more shares of common stock than was reported after each transaction. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
GILBERT DON HAROLD 29 ASHTON DRIVE STATEN ISLAND, NY 10312 | X |
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| Audit Chair |
Signatures
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/s/ Donald Gilbert | | 5/9/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | 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). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
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. |
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