Adam K. Peterson - 26 Jul 2021 Form 4 Insider Report for BOSTON OMAHA Corp (BOC)

Role
Co-Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Adam K. Peterson on behalf of Magnolia BOC I, LP, by its General Partner, The Magnolia Group LLC
Issuer symbol
BOC
Transactions as of
26 Jul 2021
Net transactions value
$0
Form type
4
Filing time
28 Jul 2021, 13:23:58 UTC
Previous filing
28 Jun 2021
Next filing
05 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOC Class A Common Stock, par value $0.001 per share Other $0 -193,791 -2.1% $0.000000 8,869,093 26 Jul 2021 Direct F1, F2, F3, F4, F5
transaction BOC Class A Common Stock, par value $0.001 per share Other $0 -777,051 -8.8% $0.000000 8,092,042 26 Jul 2021 Direct F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares are directly owned by Adam K. Peterson ("Mr. Peterson"), The Magnolia Group, LLC ("TMG"), Magnolia Capital Fund ("MCF"), and Magnolia BOC I, LP ("BOC I"). TMG is the general partner and investment manager of MCF and BOC I. Mr. Peterson is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein for those reporting persons.
F2 TMG and Mr. Peterson disclaim beneficial ownership with respect to the shares held by MCF and BOC I except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.
F3 Mr. Peterson serves as a director of the Issuer, and as the co-chief executive officer of the Issuer.
F4 BOC I distributed in-kind to its partners 970,842 shares of the Issuer's Common Stock on July 26, 2021. As a result of the distribution: (1) Mr. Peterson as a partner in BOC I received 193,791 of such shares of Common Stock to be held in his own name; (2) The remaining partners received 777,051 shares.
F5 MCF may be the beneficial owner of 580,558 shares of Common Stock that it holds (comprised of 527,780 shares of Class B Common Stock, 51,516 $10 Warrants to purchase Common Stock, and 1,262 $8 Warrants to purchase Common Stock). BOC I may be deemed the beneficial owner of 6,989,253 shares of Common Stock that it holds. TMG may be deemed the beneficial owner of 7,662,987 shares of Common Stock including the 93,176 shares of Common Stock that it holds directly and the shares held by MCF and BOC I. Adam Peterson may be deemed the beneficial owner of 8,092,042 shares of Common Stock including the 429,055 shares of Common Stock that he holds directly and the shares held by MCF, BOC I, and TMG.