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Filing Details

Accession Number:: 0000899243-16-015403
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-03-07 16:30:25
Reporting Period:: 2016-03-03

Filing Date:: 2016-03-07
Accepted Time:: 2016-03-07 16:30:25
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1262279	First Marblehead Corp	FMD	Personal Credit Institutions (6141)	043295311

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1648293	Carter John Risley	C/O Stan Spavold, Clearwater Fine Foods Incorporated, 757 Bedford Highway Bedford A5 B4A 3Z7	No	No	Yes	No
1668113	Ltd Properties Point Lobster	C/O Stan Spavold 757 Bedford Highway Bedford A5 B4A 3Z7	No	No	Yes	No
1668191	Fp Resources Usa Inc.	C/O Stan Spavold 757 Bedford Highway Bedford A5 B4A 3Z7	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01	Disposition	2016-03-03	42,527	$3.22	1,768,339	No	4	S	Indirect	See Footnote
Common Stock, Par Value $0.01	Disposition	2016-03-04	8,122	$3.20	1,760,217	No	4	S	Indirect	See Footnote
Common Stock, Par Value $0.01	Disposition	2016-03-07	20,001	$3.15	1,740,216	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.20 to $3.28, inclusive. The reporting person undertakes to provide to The First Marblehead Corporation, any security holder of The First Marblehead Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
This report is filed jointly by John Carter Risley ("Mr. Risley"), FP Resources USA Inc. ("FP Resources") and Lobster Point Properties Limited ("Lobster Point" and collectively with Mr. Risley and FP Resources, the "Reporting Persons"). On December 31, 2015, Mr. Risley transferred the reported securities of the Issuer to FP Resources, which is a wholly owned subsidiary of Lobster Point, which is a wholly owned subsidiary of Mr. Risley, in a transaction exempt pursuant to Section 16a-13.
(Continued from Footnote 2) None of the Reporting Persons have acquired any securities of the Issuer since FP Resources becoming the nominee holder of the reported securities. The filing of this report by FP Resources and Lobster Point shall not be deemed an admission that FP Resources or Lobster Point is, for purposes of Section 16 of the Securities Act of 1933, as amended, or otherwise, the beneficial owner of any of the equity securities covered by this report. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.18 to $3.26, inclusive. The reporting person undertakes to provide to The First Marblehead Corporation, any security holder of The First Marblehead Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.15 to $3.20, inclusive. The reporting person undertakes to provide to The First Marblehead Corporation, any security holder of The First Marblehead Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (5) to this Form 4.