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Form 4 Gulf Coast Ultra Deep For: Aug 15 Filed by: SUBIN NEIL S

August 17, 2022 4:16 PM EDT

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FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
SUBIN NEIL S

(Last) (First) (Middle)
2336 SE OCEAN BLVD, SUITE 400

(Street)
STUART FL 34996

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Gulf Coast Ultra Deep Royalty Trust [ GULTU ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 08/15/2022   S   7,733 D $ 0.05 32,954,944 (1) (2) I By Milfam II L.P.
Common Stock 08/15/2022   S   822 D $ 0.05 3,504,384 (1) (2) I By LIMFAM LLC
Common Stock 08/15/2022   S   521 D $ 0.05 2,218,316 (1) (2) I By Lloyd I. Miller, III Revocable Trust
Common Stock 08/15/2022   S   358 D $ 0.05 1,527,384 (1) (2) I By MBM - Trust A-4
Common Stock 08/15/2022   S   179 D $ 0.05 763,691 (1) (2) I By Miller Family Education and Medical Trust
Common Stock 08/15/2022   S   179 D $ 0.05 763,691 (1) (2) I By Susan F. Miller Spousal Trust A-4
Common Stock 08/15/2022   S   58 D $ 0.05 247,211 (1) (2) I By Co- Trustee GST Lloyd A. Crider
Common Stock 08/15/2022   S   58 D $ 0.05 247,443 (1) (2) I By Milfam I L.P.
Common Stock 08/15/2022   S   51 D $ 0.05 218,179 (1) (2) I By Milfam LLC
Common Stock 08/15/2022   S   41 D $ 0.05 173,451 (1) (2) I By Trustee GST Catherine C. Miller
Common Stock 08/16/2022   S   187,900 D $ 0.05 32,767,044 (1) (2) I By Milfam II L.P.
Common Stock 08/16/2022   S   19,981 D $ 0.05 3,484,403 (1) (2) I By LIMFAM LLC
Common Stock 08/16/2022   S   12,648 D $ 0.05 2,205,668 (1) (2) I By Lloyd I. Miller, III Revocable Trust
Common Stock 08/16/2022   S   8,709 D $ 0.05 1,518,675 (1) (2) I By MBM - Trust A-4
Common Stock 08/16/2022   S   4,354 D $ 0.05 759,337 (1) (2) I By Miller Family Education and Medical Trust
Common Stock 08/16/2022   S   4,354 D $ 0.05 759,337 (1) (2) I By Susan F. Miller Spousal Trust A-4
Common Stock 08/16/2022   S   1,411 D $ 0.05 246,032 (1) (2) I By Milfam I L.P.
Common Stock 08/16/2022   S   1,410 D $ 0.05 245,801 (1) (2) I By Co- Trustee GST Lloyd A. Crider
Common Stock 08/16/2022   S   1,244 D $ 0.05 216,935 (1) (2) I By Milfam LLC
Common Stock 08/16/2022   S   989 D $ 0.05 172,462 (1) (2) I By Trustee GST Catherine C. Miller
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Explanation of Responses:
1. Except for possessing voting and dispositive power, the reporting person disclaims any other beneficial ownership of, and specifically any pecuniary interest in, the securities reported herein. This filing is not, and shall not be deemed, an admission (and the reporting person expressly disclaims) that the reporting person is, for purposes of Rule 16a-1(a)(2) under Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the beneficial owner of any equity securities covered by this filing.
2. Mr. Neil Subin is the President and Manager of MILFAM LLC, which serves as manager, general partner, or investment advisor of a number of entities formerly managed or advised by the late Lloyd I. Miller, III. Mr. Subin also serves as trustee of a number of Miller family trusts. There has been no acquisition transaction by the reporting person with respect to the securities reported herein within the meaning of Section 16 of the Exchange Act.
/s/ Neil S. Subin 08/17/2022
** Signature of Reporting Person Date
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.


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