Filing Details
- Accession Number:
- 0001010412-17-000017
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-04-27 12:37:22
- Reporting Period:
- 2017-04-26
- Filing Date:
- 2017-04-27
- Accepted Time:
- 2017-04-27 12:37:22
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1074871 | Bear Lake Recreation Inc | BLKE | Blank Checks (6770) | 870620495 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1304679 | Robert Wayne Bassham | 8867 South Capella Way Sandy UT 84093 | No | No | No | Yes |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2017-04-26 | 181,634 | $0.02 | 104,082 | No | 4 | S | Direct | |
Common Stock | Disposition | 2017-04-26 | 82,416 | $0.02 | 21,666 | No | 4 | S | Direct | |
Common Stock | Disposition | 2017-04-26 | 6,666 | $0.02 | 15,000 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | S | Direct | |
No | 4 | S | Direct |
Footnotes
- These shares reflect a 3.5 for 1 reverse stock split effective October 23, 2006. The previous ownership reported was 1,000,000 shares beneficially owned, which after the reverse and rounding equals 285,716 shares beneficially owned.
- 181,634 shares were cancelled to the Company for an aggregate price of $4,000 pursuant to a Common Stock Purchase Agreement dated April 5, 2017 (the "Agreement"), and filed with the Securities and Exchange Commission on that date; the Agreement was closed and completed on April 26, 2017, at which time Mr. Bassham's resignation as an officer and director of the Company became effective.
- Mr. Bassham sold 82,416 shares to a person who may be deemed to have been a related party of the Company at $0.02 per share for an aggregate purchase price of $1,648.32.
- Mr. Bassham also sold 6,666 shares to a former legal counsel of the Company at $0.02 per share for an aggregate purchase price of $133.32.
- The Agreement required that the remaining 15,000 shares owned by Mr. Bassham be pledged to the Company for a period of 12 months under an Indemnification Escrow Agreement and an Indemnification Agreement.