Lyle Berman - 11 Aug 2022 Form 4/A - Amendment Insider Report for Mill City Ventures III, Ltd (MCVT)

Role
Director
Signature
/s/ Lyle Berman
Issuer symbol
MCVT
Transactions as of
11 Aug 2022
Net transactions value
+$800,000
Form type
4/A - Amendment
Filing time
15 Aug 2022, 09:16:53 UTC
Date Of Original Report
12 Aug 2022
Previous filing
19 May 2022
Next filing
25 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCVT Common Stock Award $800,000 +200,000 +1286% $4.00 215,556 11 Aug 2022 Direct F1
holding MCVT Common Stock 15,556 11 Aug 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All shares reported on this Form reflect a reverse stock split effected on August 9, 2022, pursuant to which every 2.25 shares issued and outstanding at that time were combined into one whole share, with any resulting fraction of a share rounded up to the nearest whole share.
F2 Of the reported amount, 6,667 common shares are subject to forfeiture pursuant to a restricted stock agreement with the issuer. Forfeiture restrictions on those 6,667 common shares lapse on January 24, 2023.

Remarks:

The Form 4, as originally filed, incorrectly reported no price (a price of $0). The reporting person purchased the shares for $4.00, and this amendment is being filed to correct that error.