Form 4 PRICESMART INC For: Sep 27 Filed by: PRICE ROBERT E

September 28, 2021 6:56 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 *
PRICE ROBERT E

(Last) (First) (Middle)
7777 FAY AVE., STE. 300

(Street)
LA JOLLA CA 92037

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PRICESMART INC [ PSMT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/27/2021
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 09/27/2021   G V 23,407 D $ 0 922,511 I As co-trustee of the Robert and Allison Price Charitable Trust (1)
Common Stock 09/27/2021   S (2)   5,000 D $ 81.4199 917,511 I As co-trustee of the Robert and Allison Price Charitable Trust (1)
Common Stock 09/28/2021   S (2)   4,950 D $ 80.205 (3) 912,561 I As co-trustee of the Robert and Allison Price Charitable Trust (1)
Common Stock 09/28/2021   S (2)   50 D $ 80.895 (4) 912,511 I As co-trustee of the Robert and Allison Price Charitable Trust (1)
Common Stock 09/27/2021   G V 23,407 A $ 0 1,230,078 I As co-trustee of the Robert and Allison Price Trust UDT 1/10/75 (5)
Common Stock 09/27/2021   S (2)   5,000 D $ 81.4199 1,225,078 I As co-trustee of the Robert and Allison Price Trust UDT 1/10/75 (5)
Common Stock 09/28/2021   S (2)   4,950 D $ 80.205 (3) 1,220,128 I As co-trustee of the Robert and Allison Price Trust UDT 1/10/75 (5)
Common Stock 09/28/2021   S (2)   50 D $ 80.895 (4) 1,220,078 I As co-trustee of the Robert and Allison Price Trust UDT 1/10/75 (5)
Common Stock               80 D  
Common Stock               150,511 I As co-manager of The Price Group LLC (6)
Common Stock               38,805 I As co-trustee of the David Price Trust UTD 9/22/89 (7)
Common Stock               45,000 I Family Trusts
Common Stock               8,314 I As managing member of RARSD LLC (8)
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. The reporting person and his wife Allison Price are co-trustees of this trust. The reporting person and his wife each disclaim beneficial ownership of the securities held by this trust except to the extent of their respective pecuniary interest therein.
2. Sale of shares pursuant to Rule 10b5-1 plan.
3. This transaction was executed in multiple trades at prices ranging from $79.75 to $80.73. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
4. This transaction was executed in multiple trades at prices ranging from $80.78 to $81.01. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
5. The reporting person and his wife Allison Price are co-trustees of this trust.
6. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
7. The reporting person serves as co-trustee of this trust with his wife Allison Price and their adult son David Price. The reporting person and his wife each disclaim beneficial ownership of the securities held by this trust except to the extent of their pecuniary interest therein.
8. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Remarks:
The reporting person's wife, Allison Price, may also be deemed a greater than 10% beneficial owner of the Issuer's securities in her capacity as co-trustee of each of the trusts identified herein.  As such, this Form 4 filing shall be deemed to constitute a Form 4 filing on behalf of both the reporting person and his wife, Allison Price.
/s/ Robert E. Price 09/28/2021
** 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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