Richard A. Bianco - Dec 31, 2021 Form 5 Insider Report for AMBASE CORP (ABCP)

Role
CEO, Director
Signature
Richard A. Bianco
Stock symbol
ABCP
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
5
Date filed
2/9/2022, 01:42 PM
Next filing
May 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABCP Common Stock Gift $0 -720K -82.05% $0.00 158K Jun 17, 2021 Direct F1
transaction ABCP Common Stock Gift $0 +720K $0.00 158K Jun 17, 2021 BY UGMA F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 17, 2021, the reporting person gifted 720,000 shares to a Uniform Gifts to Minors Act Account for the benefit of his grandchildren. The reporting person retains voting control of the transferred shares. Pursuant to Rule 13d-4, the reporting person disclaims beneficial ownership of the transferred shares to the extent he does not have a pecuniary interest in such shares.