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Capstone Holding Corp. Director's Dealing 2018

Dec 28, 2018

35323_dirs_2018-12-28_ad37f372-c8d2-4966-9ef7-0987ba12b56d.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Capstone Therapeutics Corp. (CAPS)
CIK: 0000887151
Period of Report: 2018-12-21

Reporting Person: SUBIN NEIL S (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2018-12-21 Common Stock S 206000 $0.052 Disposed 2708484 Indirect
2018-12-21 Common Stock P 103000 $0.052 Acquired 727100 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 2914484 Indirect
Common Stock 641218 Indirect
Common Stock 90344 Indirect
Common Stock 472792 Indirect

Footnotes

F1: The reported transaction involved a sale of a total of 206,000 shares of Capstone Therapeutics Corp. ("Capstone") common stock by MBM -
Trust A-4, which were acquired by LIMFAM LLC and another private purchaser at a privately negotiated price equal to $0.052 per share. The reporting person
may be deemed to have voting and dispositive control over shares held by MBM - Trust A-4 and LIMFAM LLC.

F2: The reporting person believes that the reported transaction constitutes a change in the form of beneficial ownership without changing the reporting person's pecuniary interest in such securities and was exempt from Section 16 of the Act pursuant to Rule 16a-13.

F3: Except for possessing voting and dispositive power, the reporting person disclaims any other beneficial ownership of, and specifically any pecuniary interest in, the securities reported herein. This filing is not, and shall not be deemed, an admission (and the reporting person expressly disclaims) that the reporting person is, for purposes of Rule 16a-1(a)(2) under Section 16 of the Securities Exchange Act of 1934, the beneficial owner of any equity securities covered by this filing.

F4: The reporting person succeeded to the position of President and Manager of MILFAM LLC, which serves as manager, general partner, or investment advisor of a number of entities formerly managed or advised by the late Lloyd I. Miller, III. The reporting person also serves as trustee of a number of Miller family trusts.