Filing Details

Accession Number:
0001109697-17-000005
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-03-08 18:43:06
Reporting Period:
2016-02-12
Filing Date:
2017-03-08
Accepted Time:
2017-03-08 18:43:06
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1109697 National Properties Trust ENTI Services-Business Services, Nec (7389) 841027606
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1294448 York New Of Trust Hudson First 4100 West Flamingo Road
Suite 2750
Las Vegas NV 89103-3949
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
Series A Preferred Stock Disposition 2016-02-04 25,000,000 $40,000.00 0 No 5 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 S Direct
Footnotes
  1. The Series A Preferred Stock is the issuer's control stock.
  2. On or about February 12, 2016, First Hudson Trust of New York ("First Trust") and Electronic Merchant Systems Rochester, Inc. ("EMSR") sold 50,000,000 shares of the issuer's Series A Preferred Stock (the "Control Stock") to an unrelated third party under the terms and provisions of a stock purchase agreement delivered on the deemed execution date. First Trust and EMSR each owned 25,000,000 shares of the Control Stock.
  3. The transaction with the unrelated third party also called for First Trust and EMSR (previously defined in footnote second hereof) to sell their respective interests in another corporation, the shares of which in the other corporation comprised the selling price. The issuer's stock was an added value benefit to that certain stock purchase agreement and represented little, if any, of the sale and purchase price. The purchase price was to have been distributed equally to First Trust and EMSR.
  4. First Trust and EMSR (previously defined in footnote second hereof) collectively owned 50,000,000 shares of the issuer's control stock. The reporting person hereunder owned 25,000,000 shares; however, that certain stock purchase agreement called for the sale of the entire 50,000,000 shares of control stock, which included EMSR's holdings in the issuer. Following the disposition of the shares in the issuer, First Trust did not own any shares in the issuer.