Sec Form 4 Filing - Minnich Michael @ MIDWEST HOLDING INC. - 2020-11-10

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Minnich Michael
2. Issuer Name and Ticker or Trading Symbol
MIDWEST HOLDING INC. [ mdwt]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Chairman
(Last) (First) (Middle)
7 EAST 20TH STREET, APARTMENT 12F
3. Date of Earliest Transaction (MM/DD/YY)
11/10/2020
(Street)
NEW YORK, NY10003
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Voting Common Stock 11/10/2020 J( 1 ) 600,077 ( 3 ) D $ 0 0 I By Vespoint, LLC Group
Voting Common Stock 11/10/2020 J 253,123 ( 2 ) A $ 0 413,176 I By Rendezvous Capital LLC
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Minnich Michael
7 EAST 20TH STREET
APARTMENT 12F
NEW YORK, NY10003
X X Executive Chairman
Signatures
Michael Minnich 11/12/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Vespoint LLC distributed for no consideration 600,077 shares of voting common stock of Midwest Holding Inc. to its members on a pro rata basis. The reporting person retained indirect beneficial ownership of 253,123 shares of such voting common stock after giving effect to the distribution as described herein. The transaction described in this Form 4 represents an exempt change in form of beneficial ownership pursuant to Rule 16a-13.
( 2 )The shares of voting common stock reported as acquired in column 4 were previously reported as being indirectly held by the reporting person through Vespoint LLC. These shares were distributed for no consideration to Rendezvous Capital LLC in connection with the distribution noted in footnote 1 above. Rendezvous Capital is an entity controlled by the reporting person and owned by the reporting person and his spouse.
( 3 )The reported share numbers in this Form 4 compared to the reporting person's previously filed Form 4 have been adjusted to reflect a 500 for 1 reverse stock split effectuated by Midwest Holding in August 2020.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.