Gary W. Rollins - Aug 12, 2022 Form 4 Insider Report for MARINE PRODUCTS CORP (MPX)

Role
Director, 10%+ Owner
Signature
/s/ Callum Macgregor as attorney-in-fact for Gary W. Rollins
Stock symbol
MPX
Transactions as of
Aug 12, 2022
Transactions value $
$0
Form type
4
Date filed
8/16/2022, 05:32 PM
Previous filing
Aug 12, 2022
Next filing
Aug 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MPX Common Stock, $.10 Par Value Other $0 -16.6K -100% $0.00* 0 Aug 12, 2022 Held indirectly through LOR Investment Company, LLC F1, F3
transaction MPX Common Stock, $.10 Par Value Other $0 +16.6K +0.09% $0.00 19.1M Aug 12, 2022 Held indirectly through LOR, Inc. F2, F3
holding MPX Common Stock, $.10 Par Value 724K Aug 12, 2022 Direct
holding MPX Common Stock, $.10 Par Value 4.51K Aug 12, 2022 By Spouse F3
holding MPX Common Stock, $.10 Par Value 1.07M Aug 12, 2022 Held indirectly through RCTLOR, LLC F3
holding MPX Common Stock, $.10 Par Value 343K Aug 12, 2022 Held indirectly through Rollins Holding Company, Inc. F3
holding MPX Common Stock, $.10 Par Value 298K Aug 12, 2022 Held indirectly through RFT Investment Company, LLC F3
holding MPX Common Stock, $.10 Par Value 219K Aug 12, 2022 Held indirectly through The Gary W. Rollins Revocable Trust F3
holding MPX Common Stock, $.10 Par Value 327K Aug 12, 2022 Held indirectly through WNEG Investments, L.P. F3
holding MPX Common Stock, $.10 Par Value 157K Aug 12, 2022 Held indirectly through RFA Management Company, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 12, 2022, LOR Investment Company, LLC made an in kind pro-rata distribution of 16,597 shares of Marine Products Corporation common stock to its members for no consideration. In prior reports, the reporting person reported beneficial ownership of all 16,597 shares held by LOR Investment Company, LLC as held indirectly by the reporting person.
F2 On August 12, 2022, LOR, Inc. received 16,557 shares as an in kind distribution from LOR Investment Company, LLC.
F3 The reporting person disclaims for the purpose of Section 16 of the Securities and Exchange Act of 1934 the beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership.