Home > Insider Trading > Filing (0000899243-22-018182)

Filing Details

Accession Number:: 0000899243-22-018182
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-05-16 17:31:58
Reporting Period:: 2022-05-12

Accepted Time:: 2022-05-16 17:31:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
825202	Sprott Focus Trust Inc.	FUND	(0)	592876580

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1185838	Whitney W George	C/O Sprott Asset Management Usa Inc. 1910 Palomar Point Way, Suite 200 Carlsbad CA 92008		Yes	No	Yes	Yes

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2022-05-04	611,734	$0.00	0	No	5	G	Indirect	Held by Trust
Common Stock	Acquisiton	2022-05-04	305,867	$0.00	305,867	No	5	G	Indirect	Held by Trust
Common Stock	Acquisiton	2022-05-04	305,867	$0.00	305,867	No	5	G	Indirect	Held by Trust
Common Stock	Acquisiton	2022-05-12	10,000	$8.20	10,000	No	4	P	Indirect	Held by Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	G	Indirect	Held by Trust
No	5	G	Indirect	Held by Trust
No	5	G	Indirect	Held by Trust
No	4	P	Indirect	Held by Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	7,330,135	Direct
Common Stock	2,725,030	Indirect	Held by Spouse
Common Stock	176,742	Indirect	Held by Son
Common Stock	1,090,465	Indirect	Held by Trust
Common Stock	1,980,929	Indirect	Held by Foundation

Footnotes

Shares held by a trust established for the benefit of Mr. George's children. As beneficiaries of the trust, Mr. George's children have a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.
These shares were held by The Mallory Descendant's Trust U/T/A DTD 12/31/2013 (the "Descendant's Trust"), of which Mr. George served as trustee and his spouse was a beneficiary. On May 4, 2022, the Descendant's Trust dissolved, and its assets were distributed, for no consideration, into three new trusts. The beneficiary of each new trust was a beneficiary of the Descendant's Trust. Two of the trusts received the issuer's shares held by the Descendant's Trust. Mr. George was appointed as a trustee of each of the three new trusts and, in such capacity, has investment and voting discretion over shares held by each trust. Mr. George's spouse is a beneficiary of one trust, and as such, has a pecuniary interest in such trust. Mr. George's immediate family members are the beneficiaries of the other two trusts. As such, Mr. George may be deemed to beneficially own the shares held by the each of the three new trusts.
Shares held by The Meredith and Whitney George Family Foundation (the "Foundation"). Mr. George serves as Chairman of the Foundation and, in such capacity, has investment and voting discretion over shares held by the Foundation.
Shares held by a trust established for the benefit of Mr. George's spouse. Mr. George serves as trustee of the trust and, in such capacity, has investment and voting discretion over shares held by the trust. As beneficiary of the trust, Mr. George's spouse has a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.
Shares held by a trust established for the benefit of Mr. George's immediate family member (the "BM Trust"). Mr. George serves as trustee of the BM Trust and, in such capacity, has investment and voting discretion over shares held by the BM Trust. Mr. George may be deemed to beneficially own the shares held by the BM Trust.
Shares held by a trust established for the benefit of Mr. George's immediate family member (the "TM Trust"). Mr. George serves as trustee of the TM Trust and, in such capacity, has investment and voting discretion over shares held by the TM Trust. Mr. George may be deemed to beneficially own the shares held by the TM Trust.
Represents the weighted average purchase price of multiple transactions with a range of prices between $8.14 and $8.20. Mr. George hereby undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.