Filing Details

Accession Number:
0001493152-22-025412
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-09-08 19:18:30
Reporting Period:
2022-08-17
Accepted Time:
2022-09-08 19:18:30
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1561880 Legacy Education Alliance Inc. LEAI () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1338670 Barry Kostiner 1490 N.e. Pine Island Rd., Suite 5-D
Cape Coral FL 33909
Chief Executive Officer Yes Yes No No
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 Acquisiton 2022-08-17 1,600,000 $0.00 8,183,500 No 4 P Indirect Through Legacy Tech Partners, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect Through Legacy Tech Partners, LLC
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 315,000 Direct
Footnotes
  1. The common stock was issued to Legacy Tech Partners, LLC as partial consideration for entering into a Forbearance Agreement, dated July 15, 2022.
  2. The Reporting Person, the sole director and Chief Executive Officer of the Issuer, has an indirect beneficial ownership in the common stock acquired by LTP due to the Reporting Person's position as President of LTP and a holder of 25% of its membership interests. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.