Paul S. Lux - 25 Aug 2023 Form 4 Insider Report for MGP INGREDIENTS INC (MGPI)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
29 Aug 2023, 16:20:48 UTC
Prior SEC filing
25 Aug 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Paul S. Lux

Key filing fact

Paul S. Lux filed Form 4 for MGP INGREDIENTS INC (MGPI) on 29 Aug 2023.

Key facts

  • This page summarizes Paul S. Lux's Form 4 filing for MGP INGREDIENTS INC (MGPI).
  • 4 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 29 Aug 2023, 16:20.

Change

  • Previous filing in this sequence was filed on 25 Aug 2023.
  • Current net transaction value: -$2,379,004.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MGPI transaction

Common Stock

Sale

Transaction value
$679,414
Shares
-5,732
Change %
-0.95%
Price
$118.53
Shares after
597,726
Date
25 Aug 2023
Ownership
By Trust
Footnotes
F1, F5
MGPI transaction

Common Stock

Sale

Transaction value
$508,959
Shares
-4,268
Change %
-0.71%
Price
$119.25
Shares after
593,458
Date
25 Aug 2023
Ownership
By Trust
Footnotes
F2, F5
MGPI transaction

Common Stock

Sale

Transaction value
$894,691
Shares
-7,526
Change %
-1.3%
Price
$118.88
Shares after
585,932
Date
28 Aug 2023
Ownership
By Trust
Footnotes
F3, F5
MGPI transaction

Common Stock

Sale

Transaction value
$295,940
Shares
-2,474
Change %
-0.42%
Price
$119.62
Shares after
583,458
Date
28 Aug 2023
Ownership
By Trust
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.850 to $118.850, inclusive. The reporting person undertakes to provide to MGP Ingredients Inc. (MGPI), any security holder of MGPI, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1) to this Form 4.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.855 to $119.630, inclusive. The reporting person undertakes to provide to MGP Ingredients Inc. (MGPI), any security holder of MGPI, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2) to this Form 4.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.280 to $119.270, inclusive. The reporting person undertakes to provide to MGP Ingredients Inc. (MGPI), any security holder of MGPI, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (3) to this Form 4.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.290 to $120.145, inclusive. The reporting person undertakes to provide to MGP Ingredients Inc. (MGPI), any security holder of MGPI, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (4) to this Form 4.

Footnote F5

The shares in this transaction were sold by the Ann S. Lux 2005 Irrevocable Trust FBO Paul S. Lux dated 9/16/2005 ("Paul Trust"), of which Paul S. Lux is the sole trustee. Accordingly, Paul S. Lux may be deemed to hold sole voting and dispositive power with respect to the shares owned by the Paul Trust. Paul S. Lux is no longer a trustee of the Andrew Broddon Lux Luxco Irrevocable Trust dated 7/30/2012, or the Philip Donn Lux Luxco Irrevocable Trust dated 7/30/2012; as a result, the shares beneficially owned by those trusts are no longer included in the aggregate indirect ownership of the reporting person.

SEC remarks

The Reporting Person may be deemed to be part of a group due to the entry by certain persons into a Shareholders Agreement dated April 1, 2021 as previously disclosed on the Reporting Person's Form 3/A filing with respect to MGPI dated October 7, 2021. The Reporting Person disclaims beneficial ownership of the shares of the Issuer's common stock reported herein, except to the extent of his pecuniary interest therein.

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