Crimson Wine (CWGL) Form 4 Crimson Wine / JOSEPH S STEINBERG ownership change

SEC Form 4

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^*

STEINBERG JOSEPH S

(Last) (First) (Middle)

C/O CRIMSON WINE GROUP LTD.

2700 NAPA VALLEY CORPORATE DRIVE

(Street)

NAPA CA 94558

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Crimson Wine Group, Ltd [ CWGL ]

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)
09/27/2019

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	09/27/2019		J(1)		20,000	D	$7.45	200,000	I	By JSS Holding Corp - 1
Common Stock	09/27/2019		J(1)		20,000	A	$7.45	200,000	I	By JSS Holding Corp - 1
Common Stock	09/27/2019		G(2)	V	4,568	D	$0	200,000	I	By JSS Holding Corp - 1
Common Stock	09/27/2019		G(2)	V	4,568	A	$0	200,000	I	By JSS Holding Corp - 1
Common Stock	09/27/2019		J(3)		6,114	D	$7.45	200,000	I	By JSS Holding Corp - 3
Common Stock	09/27/2019		J(3)		6,114	A	$7.45	200,000	I	By JSS Holding Corp - 3
Common Stock								469,419	D
Common Stock								107,862	I	By Paul S. Steinberg 2004 Trust
Common Stock								107,860	I	By Sarah A. Steinberg 2004 Trust
Common Stock								107,860	I	By Rachel C. Steinberg 2004 Trust
Common Stock								57,403	I	By JSS 2010 Family Trust
Common Stock								14,400	I	By Spouse
Common Stock								720	I	By Daughter
Common Stock								70,000	I	By JSS Holding Corp - 2
Common Stock								200,000	I	By JSS Holding Corp - 4
Common Stock								200,000	I	By JSS Holding Corp - 5
Common Stock								200,000	I	By JSS Holding Corp - 6
Common Stock								200,000	I	By JSS Holding Corp - 7
Common Stock								114,806	I	By Steinberg Holding Inc - D
Common Stock								114,806	I	By Steinberg Holding Inc - E
Common Stock								114,806	I	By Steinberg Holding Inc - F
Common Stock								114,806	I	By Steinberg Holding Inc - G

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 transferred a direct 10% interest in JSS Holding Corp - 1 to JSS 2010 Family Trust for an aggregate of approximately $4.1 million of cash and marketable securities.

2. The reporting person transferred a direct 2.284% interest in JSS Holding Corp - 1 to the reporting person's spouse as a gift.

3. The reporting person transferred an indirect 3.057% interest held by a family trust in JSS Holding Corp - 3 to JSS 2010 Family Trust in satisfaction of the principal and interest due under two promissory notes in the aggregate amount of $736,614.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Karen L. Diepholz, as Attorney-in-Fact	10/01/2019
	** 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).
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