Filing Details

Accession Number:
0001140361-14-035139
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-09-09 19:21:28
Reporting Period:
2014-09-05
Filing Date:
2014-09-09
Accepted Time:
2014-09-09 19:21:28
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1271075 Usell.com Inc. USEL Services-Personal Services (7200) 980412432
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1343599 M Robert Averick C/O Kokino Llc
201 Tresser Boulevard
Stamford CT 06901
No No Yes 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 2014-09-05 22,611 $2.70 28,811 No 4 P Direct
Common Stock Acquisiton 2014-09-08 12,900 $2.70 41,711 No 4 P Direct
Common Stock Acquisiton 2014-09-09 12,289 $2.73 54,000 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
No 4 P Direct
Footnotes
  1. Robert Averick also reports beneficial ownership pursuant to Rule 13d of the Securities and Exchange Act of 1934, as amended, pursuant to a Schedule 13G filed jointly by Leslie J. Schreyer, as Trustee under Trust Agreement dated December 23, 1989 FBO the issue of Jonathan D. Sackler (the "Trust") and M3C Holdings LLC ("M3C"), on August 21, 2014, as amended by a Schedule 13G Amendment No. 1 filed on September 9, 2014 to add Robert Averick as a joint filer thereto.
  2. Represents shares held by Robert Averick jointly with his wife, Mickel Averick, for which Robert and Mickel share voting and dispositive power. Robert Averick is employed by Kokino LLC, which is a family office and provides non-discretionary investment advice to family clients, including the Trust and M3C with respect to the shares of the Issuer beneficially owned by the Trust and M3C. Neither Robert Averick nor Kokino LLC has voting or dispositive control with respect to the shares of the Issuer beneficially owned by the Trust or M3C.
  3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.70 to $2.75, inclusive. The reporting person undertakes to provide to usell.com, any security holder of usell.com, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (3) to this Form 4.