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Sachem Capital Corp. — Director's Dealing 2017
Feb 15, 2017
34540_dirs_2017-02-15_41857557-3336-48c8-ad50-017cd2d4c322.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Sachem Capital Corp. (SACH)
CIK: 0001682220
Period of Report: 2017-02-09
Reporting Person: Villano John L. (Director, Chairman,co-CEO,CFO& Secretary, 10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares, $.001 par value per share | 1085000 | Direct |
| Common Shares, $.001 par value per share | 315757 | Indirect |
Footnotes
F1: On February 8, 2017, Sachem Capital Partners, LLC ("SCP") acquired 6,283,237 common shares (the "SCP Shares") of the issuer in an "Exchange" transaction as described in the Issuer's final prospectus dated February 9, 2017 (the "Prospectus"). JJV, LLC("JJV") is the manager of SCP and the reporting person is a managing member of JJV. All 6,283,237 common shares are expected to be distributed pro rata to the members of SCP in full liquidation of their membership interests in SCP, as soon as practicable after the consummation of the initial public offering contemplated by the Prospectus.
F2: Upon distribution of the SCP Shares, the reporting person will receive 68,223 common shares in exchange for his membership interest in SCP; the reporting person's spouse will receive 6,815 common shares; and JJV will receive 240,719 common shares (the "JJV Shares"). The reporting person disclaims beneficial ownership of the JJV Shares except to the extent of his pecuniary interest therein. The reporting person disclaims beneficial ownership of the remaining SCP Shares.