Lori Mingus - Jun 9, 2023 Form 4 Insider Report for MGP INGREDIENTS INC (MGPI)

Role
Director
Signature
Lori Seaberg
Stock symbol
MGPI
Transactions as of
Jun 9, 2023
Transactions value $
-$110,762
Form type
4
Date filed
6/12/2023, 03:46 PM
Previous filing
May 31, 2023
Next filing
Jul 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGPI Common Stock Sale -$111K -1.1K -1.97% $101.06 54.6K Jun 9, 2023 By Trust F1, F2
holding MGPI Common Stock 395K Jun 9, 2023 By Seaberg MGP Holdings
holding MGPI Common Stock 224 Jun 9, 2023 By Husband
holding MGPI Common Stock 14.3K Jun 9, 2023 By GST #2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.23 to $102.58, inclusive. The reporting person undertakes to provide MGP Ingredients, Inc., any security holder of MGP Ingredients, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 1.
F2 Transferred in 3,967 Shares from Individual name as direct ownership into revocable trust on March 3, 2023