Boston Avenue Capital LLC 4
4 · LITTLEFIELD CORP · Filed Jan 2, 2013
Insider Transaction Report
Form 4
LITTLEFIELD CORPLTFD
Boston Avenue Capital LLC
10% Owner
Transactions
- Sale
Common Stock
2012-12-28$0.20/sh−3,008,196$600,135→ 4,496,293 total
Footnotes (2)
- [F1]The sale price for the 3,008,196 shares of Common Stock is $600,000, payable as follows: (i) $225,000 on or before December 31, 2012; (ii) $182,481.75 plus interest in the amount of $20,625 on or before December 31, 2013; and (iii) $181,929.74 plus interest in the amount of $10,588.50 on or before December 31, 2014.
- [F2]Boston Avenue Capital LLC ("BAC") beneficially owns and has voting and dispositive power over the reported Common Stock. As the managers of BAC, Messrs. Heyman and Adelson may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) any shares of Common Stock beneficially owned by BAC. Neither Messrs. Heyman nor Adelson hold any shares of Common Stock directly, and each disclaims beneficial ownership of any shares of Common Stock beneficially owned by BAC. As the portfolio manager of BAC, Mr. Gillman may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) any shares of Common Stock beneficially owned by BAC. Mr. Gillman does not own any shares of Common Stock directly, and disclaims beneficial ownership of any shares of Common Stock beneficially owned by BAC.