JBSS CEO shifts 72,847 trust shares in SANFILIPPO JOHN B & SON (JBSS)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SANFILIPPO JOHN B & SON INC director, chief executive officer and 10% owner Jeffrey T. Sanfilippo reported an “other” transaction involving Class A common stock. A total of 72,847 shares were transferred for no consideration as a distribution from the Sanfilippo Family GST Trust dated May 10, 2017 into the Jeffrey T. Sanfilippo Family Trust dated May 10, 2017, where he serves as trustee.
Following this transfer, 127,710 Class A shares are held indirectly in the Jeffrey 2017 trust, 21,856 shares are owned directly, 50,170 shares are held indirectly in the Jeffrey T. Sanfilippo Irrevocable Trust dated October 6, 2006, and 32,609 shares are held indirectly in the Jeffrey T. Sanfilippo Trust dated October 7, 1991.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
SANFILIPPO JEFFREY T
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A - Common Stock | 72,847 | $0.00 | -- |
| holding | Class A - Common Stock | -- | -- | -- |
| holding | Class A - Common Stock | -- | -- | -- |
| holding | Class A - Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A - Common Stock — 127,710 shares (Indirect, As Trustee of Jeffrey 2017 Trust);
Class A - Common Stock — 21,856 shares (Direct)
Footnotes (1)
- Transfer represents a distribution from the Sanfilippo Family GST Trust Dtd 5/10/17 for no consideration. These shares are held indirectly in the Jeffrey T. Sanfilippo Family Trust Dtd 5/10/17. The shares reported are held in trust for the benefit of the reporting person. These shares are owned directly by the reporting person. These shares are held indirectly in the Jeffrey T. Sanfilippo Irrevocable Trust Dtd 10/06/06. The shares reported are held in trust for the benefit of the reporting person. These shares are held indirectly in the Jeffrey T. Sanfilippo Trust Dtd 10/07/91. The shares reported are held in trust for the benefit of the reporting person.
FAQ
What did JBSS CEO Jeffrey T. Sanfilippo report in this Form 4 filing?
He reported an “other” transaction involving Class A common stock. A trust distribution moved shares between family trusts for no consideration, updating how his indirect and direct holdings in SANFILIPPO JOHN B & SON INC are structured and reported without indicating a purchase or sale.
What indirect JBSS holdings are reported for Jeffrey T. Sanfilippo besides the 2017 trust?
Beyond the 2017 trust, 50,170 Class A shares are held in the Jeffrey T. Sanfilippo Irrevocable Trust dated October 6, 2006, and 32,609 shares are held in the Jeffrey T. Sanfilippo Trust dated October 7, 1991, all reported as held for his benefit.