W. Whitney George - 08 Dec 2021 Form 4 Insider Report for SPROTT FOCUS TRUST INC. (FUND)

Role
Director, Senior Portfolio Manager, 10%+ Owner
Signature
/s/ W. Whitney George
Issuer symbol
FUND
Transactions as of
08 Dec 2021
Net transactions value
$0
Form type
4
Filing time
18 Jan 2022, 14:23:33 UTC
Previous filing
01 Sep 2021
Next filing
12 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUND Common Stock Gift $0 -6,000 -0.08% $0.000000 7,304,942 08 Dec 2021 Direct F4
transaction FUND Common Stock Gift $0 -9,000 -0.33% $0.000000 2,709,444 08 Dec 2021 Held by Spouse F4
transaction FUND Common Stock Gift $0 -5,580 -0.08% $0.000000 7,299,362 03 Jan 2022 Direct F5
transaction FUND Common Stock Gift $0 -5,580 -0.21% $0.000000 2,703,864 03 Jan 2022 Held by Spouse F5
transaction FUND Common Stock Gift $0 +3,720 +2.2% $0.000000 174,072 03 Jan 2022 Held by Son F4, F5
holding FUND Common Stock 1,073,992 08 Dec 2021 Held by Trust F1, F4
holding FUND Common Stock 595,750 08 Dec 2021 Held by Trust F2, F4
holding FUND Common Stock 1,951,004 08 Dec 2021 Held by Foundation F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by a trust established for the benefit of Mr. George's children. As beneficiaries of the trust, Mr. George's children have a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.
F2 Shares held by The Mallory Descendant's Trust U/T/A DTD 12/31/2013 (the "Descendant's Trust"). Mr. George serves as trustee of the Descendant's Trust and, in such capacity, has investment and voting discretion over shares held by the Descendant's Trust. As a beneficiary of the Descendant's Trust, Mr. George's spouse has a pecuniary interest in the Descendant's Trust. Mr. George may be deemed to beneficially own the shares held by the Descendant's Trust.
F3 Shares held by The Meredith and Whitney George Family Foundation (the "Foundation"). Mr. George serves as Chairman of the Foundation and, in such capacity, has investment and voting discretion over shares held by the Foundation.
F4 Amount of shares beneficially owned includes shares acquired under the Issuer's Dividend Reinvestment Program (the "DRIP") subsequent to the gift transactions on December 8, 2021 reported herein. The amount of shares beneficially owned includes shares acquired under the DRIP on each of September 24, 2021 and December 23, 2021.
F5 Represents transfers as gifts by each of Mr. George and his spouse of 1,860 shares to each of their three sons, resulting in a cumulative gift transfer of 5,580 shares by each of Mr. George and his spouse. Mr. George may be deemed to beneficially own and have a pecuniary interest in the 3,720 shares transferred to the son that resides in Mr. George's household.

Remarks:

Mr. George disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. George is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.