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
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
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.