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

Role
Director
Signature
/s/ Lyle Berman
Stock symbol
MCVT
Transactions as of
Aug 11, 2022
Transactions value $
$800,000
Form type
4/A - Amendment
Date filed
8/15/2022, 09:16 AM
Date Of Original Report
Aug 12, 2022
Previous filing
May 19, 2022
Next filing
Aug 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCVT Common Stock Award $800K +200K +1285.68% $4.00 216K Aug 11, 2022 Direct F1
holding MCVT Common Stock 15.6K Aug 11, 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.