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American Superconductor Corporation Message Board

  • kentabcd kentabcd Feb 15, 2013 9:36 AM Flag

    New Filing

     

    SC 13D/A

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    • 23,882,472 shares controlled by KD? (He and his wife are co-trustees, so my math is correct)
      Based on 57,540,057 shares of the Issuer’s common stock outstanding as of February 6, 2013, as reported in the Issuer’s quarterly report on Form 10-Q for the quarter ended December 31, 2012 filed with the SEC on February 11, 2013.

      So he owns 41.5% of the company!

      Sentiment: Hold

      • 1 Reply to cs917047
      • You are double-counting shares. The breakdown is provided in the following ... the key phrase being HOLD JOINTLY (cut and pasted from the filing):

        "(1) Kevin Douglas and his wife, Michelle Douglas, hold jointly as the beneficiaries and co-trustees of the K&M Douglas Trust 5,705,331 shares. In addition, Kevin Douglas and Michelle Douglas are co-trustees of the James Douglas and Jean Douglas Irrevocable Descendants’ Trust, which holds 4,384,634 shares.
        (2) Kevin Douglas has dispositive power with respect to (a) 1,381,010 shares held by James E. Douglas III, and (b) 2,321,532 shares held by the Douglas Family Trust, in addition to the shares listed in footnote (1) above.
        (3) Based on 57,540,057 shares of the Issuer’s common stock outstanding as of February 6, 2013, as reported in the Issuer’s quarterly report on Form 10-Q for the quarter ended December 31, 2012 filed with the Securities and Exchange Commission (the “SEC”) on February 11, 2013."

        end quote.

        Note 3 above refers to what KD reported as the percent shares he controls, which is 24%

        good luck

 
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