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Filing Details

Accession Number:: 0001144204-18-063435
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-12-06 19:07:55
Reporting Period:: 2018-05-03

Accepted Time:: 2018-12-06 19:07:55
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1041803	Pricesmart Inc	PSMT	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
934818	E Robert Price	7777 Fay Ave., Suite 300 La Jolla CA 92037		Yes	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	Disposition	2018-05-03	8,314	$87.60	619,511	No	4	J	Indirect	As co-manager of The Price Group LLC
Common Stock	Acquisiton	2018-05-03	8,314	$87.60	8,314	No	4	J	Indirect	As managing member of RARSD LLC
Common Stock	Disposition	2018-11-16	4,000	$0.00	150,511	No	4	J	Indirect	As co-manager of The Price Group LLC
Common Stock	Disposition	2018-12-03	4,111	$65.70	1,604,246	No	4	S	Indirect	As co-trustee of the Robert and Allison Price Charitable Trust
Common Stock	Disposition	2018-12-03	5,889	$66.97	1,598,357	No	4	S	Indirect	As co-trustee of the Robert and Allison Price Charitable Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	As co-manager of The Price Group LLC
No	4	J	Indirect	As managing member of RARSD LLC
No	4	J	Indirect	As co-manager of The Price Group LLC
No	4	S	Indirect	As co-trustee of the Robert and Allison Price Charitable Trust
No	4	S	Indirect	As co-trustee of the Robert and Allison Price Charitable Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,358,462	Indirect	As co-trustee of the Robert and Allison Price Trust UDT 1/10/75
Common Stock	80	Direct
Common Stock	18,805	Indirect	As co-trustee of the David Price Trust UTD 9/22/89
Common Stock	45,000	Indirect	Family Trusts

Footnotes

On May 3, 2018, for estate planning purposes, The Price Group LLC (of which the reporting person is a managing and majority member) transferred 8,314 shares of the Issuer's common stock to RARSD LLC (of which the reporting person is a managing and majority member). While such transfer resulted in a change in form of ownership of the Issuer's common stock, the reporting person's beneficial ownership in the Issuer's common stock remained the same.
Represents economic value assigned to the Issuer's common stock for purposes of the estate planning transfer described in footnote (1).
The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
On November 16, 2018, The Price Group LLC effected a pro rata distribution of 469,000 shares of the Issuer's common stock held by it to its members. Of such shares, (i) 465,000 shares were distributed to the Robert and Allison Price Trust UDT 1/10/75 (of which the reporting person and his wife, Allison Price are co-trustees), and (ii) 4,000 shares were distributed to a third party member unaffiliated with the reporting person. As such, the number of shares reported as being distributed excludes the shares distributed to the Robert and Allison Price Trust UDT 1/10/75 and reflects only the number distributed to the third party member. The number distributed to the Robert and Allison Price Trust UDT 1/10/75 constitutes a mere change in form of ownership exempt from Section 16 reporting pursuant to Rule 16a-13 of the Securities Exchange Act of 1934, as amended.
Reflects the number of shares owned following the distribution described in footnote (4).
Sale of shares pursuant to Rule 10b5-1 plan.
This transaction was executed in multiple trades at prices ranging from $65.39 to $66.35. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
The reporting person and his wife Allison Price are co-trustees of this trust. The reporting person and his wife each disclaim beneficial ownership of the securities held by this trust except to the extent of their respective pecuniary interest therein.
This transaction was executed in multiple trades at prices ranging from $66.47 to $67.43. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Includes 465,000 shares acquired on November 16, 2018 in connection with the distribution/change in ownership described in footnote (4).
The reporting person and his wife Allison Price are co-trustees of this trust.
The reporting person serves as co-trustee of this trust with his wife Allison Price and their adult son David Price. The reporting person and his wife each disclaim beneficial ownership of the securities held by this trust except to the extent of their pecuniary interest therein.