Sec Form 4 Filing - Ceiley Glen @ EACO CORP - 2016-11-11

Insider filing report for Changes in Beneficial Ownership
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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
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1. Name and Address of Reporting Person
Ceiley Glen
2. Issuer Name and Ticker or Trading Symbol
EACO CORP [ EACO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO and Chairman
(Last) (First) (Middle)
1500 NORTH LAKEVIEW LOOP
3. Date of Earliest Transaction (MM/DD/YY)
11/11/2016
(Street)
ANAHEIM, CA92807
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
Common Stock 11/11/2016 S 500 D $ 6.19 4,720,578 I By Trust
Common Stock 11/11/2016 S 400 D $ 6.15 4,720,178 I By Trust
Common Stock 05/05/2017 S 700 D $ 7.7 4,719,478 I By Trust
Common Stock 05/05/2017 S 600 D $ 7.82 4,718,878 I By Trust
Common Stock 01/15/2019 S 300 D $ 13.4 4,718,578 I By Trust
Common Stock 01/15/2019 S 300 D $ 13.36 4,718,278 I By Trust
Common Stock 01/15/2019 S 100 D $ 13.35 4,718,178 I By Trust
Common Stock 01/18/2019 S 800 D $ 13.5 4,717,378 I By Trust
Common Stock 01/18/2019 S 800 D $ 13.6 4,716,578 I By Trust
Common Stock 01/22/2019 S 100 D $ 13.6 4,716,478 I By Trust
Common Stock 01/22/2019 S 308 D $ 13.55 4,716,170 I By Trust
Common Stock 01/23/2019 S 800 D $ 13.5 4,715,370 I By Trust
Common Stock 01/24/2019 S 700 D $ 13.55 4,714,670 I By Trust
Common Stock 02/04/2019 S 700 D $ 13.85 4,713,970 I By Trust
Common Stock 04/15/2019 S 700 D $ 16.3 4,713,270 I By Trust
Common Stock 04/18/2019 S 684 D $ 16.5 4,712,586 I By Trust
Common Stock 04/25/2019 S 651 D $ 16.5 4,711,935 I By Trust
Common Stock 04/30/2019 S 700 D $ 16.7 4,711,235 I By Trust
Common Stock 05/07/2019 S 299 D $ 16.675 4,710,936 I By Trust
Common Stock 05/07/2019 S 400 D $ 16.6 4,710,536 I By Trust
Common Stock 07/02/2019 S 700 D $ 18.1 4,709,836 I By Trust
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
Series A Cumulative Preferred Stock $ 22.5 ( 1 ) ( 1 ) Common Stock 40,000 ( 2 ) 40,000 ( 2 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ceiley Glen
1500 NORTH LAKEVIEW LOOP
ANAHEIM, CA92807
X X CEO and Chairman
Signatures
/s/ Glen Ceiley 07/09/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The convertible preferred stock is convertible at any time at the election of the reporting person's trust and has no expiration date.
( 2 )The reporting person's 36,000 shares of convertible preferred stock are convertible into 40,000 shares of common stock, which assumes no conversion of any accrued but unpaid dividends. Dividends are currently paid in cash quarterly but may also be convertible at the trust's election if not paid in cash in the future.

Remarks:
This Form 4 reports certain old sales by the reporting person that were inadvertently not previously reported and were discovered in connection with the reconciliation of the reporting person's holdings. There were no purchases of shares or other matchable transactions by the reporting person within six months before or after these sales. Please note that the 6,000 shares previously reported as owned by the reporting person's spouse were actually owned by the reporting person's grantor trust as his spouse's shares were previously already disclosed as sold on Form 4s in August and November of 2016. The common stock held by the reporting person's grantor trust also reflects a typographical error and has been overstated by 124 shares since more than six months prior to the first sale reported on this Form 4. Finally, this Form 4 reflects that all of the reporting person's shares (other than the 40,000 direct shares) were transferred to the reporting person's grantor trust in 2014. The trust's holdings of the Company's convertible preferred stock were separately reported by the trust on its own Form 3 (but were inadvertently not included on the reporting person's Form 4 filings). There was no change or transaction in the convertible preferred stock holdings in Table II but they are being included on this Form 4 since the combined holdings of the trust were not reported together.

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