Large Pacific Airport Group (OTC: GPAEF) director stake revealed in Form 3
Rhea-AI Filing Summary
Pacific Airport Group director Laura Diez-Barroso Azcárraga filed an initial ownership report detailing her equity interests. The filing shows direct ownership of 14,793,517 Series B shares and additional indirect holdings of 21,628,281 Series B shares through AMP.
She is also associated indirectly with Series BB shares of AMP that are convertible into 75,791,619 Series B shares at an exercise price of 0.0000 per share. According to the footnotes, these AMP-held securities are owned through a multi-entity corporate structure, and she may be deemed to beneficially own them through her control of PAP while disclaiming beneficial ownership beyond her pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Diez-Barroso Azcarraga Laura
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series BB Shares | -- | -- | -- |
| holding | Series B Shares | -- | -- | -- |
| holding | Series B Shares | -- | -- | -- |
Holdings After Transaction:
Series BB Shares — 75,791,619 shares (Indirect, By AMP);
Series B Shares — 14,793,517 shares (Direct);
Series B Shares — 21,628,281 shares (Indirect, By AMP)
Footnotes (2)
- F1. These securities are owned directly by Aeropuertos Mexicanos del Pacifico, S.A.P.I. de C.V. ("AMP"), which is owned 66.6% by Controladora Mexicana de Aeropuertos, S.A. de C.V., which is owned 50% by Promotora Aeronautica del Pacifico, S.A. de C.V. ("PAP"). Through her control of PAP, the reporting person may be deemed to beneficially own the securities directly owned by AMP. The reporting person disclaims beneficial ownership of these securities, except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that she is the beneficial owner of such securities for purposes of Section 16(a) of the Securities Exchange Act of 1934 (the "Act") or for any other purpose.
- F2. The Series BB shares are subject to transfer restrictions under the bylaws of the issuer and generally must be converted to Series B shares before they can be transferred. The Series BB shares may be converted into Series B shares if (i) the Technical Assistance Agreement between AMP and the issuer has not been renewed and (ii) the Series BB shareholders so request. If the Series BB shares represent less than 7.65% of the issuer's share capital, those shares will be mandatorily converted into Series B shares.
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FAQ
What does the Form 3 for Pacific Airport Group (GPAEF) disclose about Laura Diez-Barroso Azcárraga?
The Form 3 discloses Laura Diez-Barroso Azcárraga’s initial equity holdings in Pacific Airport Group. It reports substantial direct Series B share ownership and additional indirect holdings through AMP, establishing her baseline ownership position as a director under U.S. Section 16 reporting rules.
How is indirect ownership through AMP described in the Pacific Airport Group Form 3?
The Form 3 explains that securities are owned directly by AMP, which is held through several Mexican entities, including PAP. Through her control of PAP, Laura Diez-Barroso Azcárraga may be deemed to beneficially own AMP’s holdings, although she formally disclaims beneficial ownership beyond her pecuniary interest.
Does the Pacific Airport Group (GPAEF) Form 3 show any insider buying or selling activity?
The Form 3 does not show any buy or sell transactions; it only reports existing holdings. All three entries are classified as holdings with unknown transaction codes, establishing Laura Diez-Barroso Azcárraga’s starting ownership rather than recording new market transactions.