NICK G. KARABOTS - 28 Mar 2022 Form 4 Insider Report for AMREP CORP. (AXR)

Role
10%+ Owner
Signature
William J. Bonner, Jr., executor of the Estate of Nicholas G. Karabots
Issuer symbol
AXR
Transactions as of
28 Mar 2022
Net transactions value
-$21,903,837
Form type
4
Filing time
30 Mar 2022, 11:28:45 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXR Common Stock Sale $1,065,900 -102,000 -100% $10.45 0 28 Mar 2022 Direct F1, F2
transaction AXR Common Stock Sale $10,110,835 -967,544 -100% $10.45 0 28 Mar 2022 See footnote F1, F3
transaction AXR Common Stock Sale $10,727,103 -1,026,517 -100% $10.45 0 28 Mar 2022 See footnote F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

NICK G. KARABOTS is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On March 28, 2022, the Estate of Nicholas G Karabots, Glendi Publications, Inc., and Kappa Media Group, Inc. sold, respectively, 102,000, 967,544, and 1,026,517 shares of common stock of AMREP CORP. (the "Company") to the Company in a privately negotiated transaction at a price of $10.45 per share.
F2 The shares were sold by the Estate of Nicholas G. Karabots.
F3 The shares were sold by Glendi Publications, Inc., of which the Reporting Person, the Estate of Nicholas G. Karabots, may be deemed to be a controlling person.
F4 The shares were sold by Kappa Media Group, Inc., of which the Reporting Person, the Estate of Nicholas G. Karabots, may be deemed to be a controlling person