AI assistant
MANNATECH INC — Director's Dealing 2006
Dec 29, 2006
35056_dirs_2006-12-29_f3035369-cb05-477d-9445-0d1b31a06607.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MANNATECH INC (MTEX)
CIK: 0001056358
Period of Report: 2006-12-27
Reporting Person: FREDRICK J STANLEY (Director/10% owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2006-12-27 | Common stock, par value $0.0001 per share | J | 1250000 | $0.00 | Disposed | 1900000 | Direct |
| 2006-12-27 | Common sock, par value $0.0001 per share | J | 1250000 | $0.00 | Acquired | 1250000 | Indirect |
Footnotes
F1: JSF Resources LTD, is a limited partnership, which is owned as follows:49.95% owned by Mr. J. Stanley Fredrick, 49.95% owned by Ms. Judy Fredrick, wife of Mr. J. Stanley Fredrick, and 0.10% owned by Stanrick Advisors LLC. Stanrick Advisors LLC is owned by FSJ Secure Trust, which Mr. J. Stanley Fredrick is the sole trustee.
F2: On 12/27/06, Mr. J. Stanley Fredrick transferred 1,250,000 shares of his Mannatech stock to JSF Resources LTD for estate planning purposes.
F3: The stock will have a carryover basis since it is being transferred for estate planning purposes. The value of the shares will be the original purchase price of the shares, which was $0.65 per share.