Crimson Wine (CWGL) Form 3 Crimson Wine / Holdings Corp CCS Teton ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Teton Holdings Corp CCS

(Last) (First) (Middle)

PO BOX 4902

(Street)

JACKSON WY 83001

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/15/2020

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

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	0(1)	I	By CLAT
Common Stock	2,410,828(2)	I	By CLAT

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Teton Holdings Corp CCS

(Last) (First) (Middle)

PO BOX 4902

(Street)

JACKSON WY 83001

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Cumming David

(Last) (First) (Middle)

PO BOX 4902

(Street)

JACKSON WY 83001

(City) (State) (Zip)

Explanation of Responses:

1. Represents securities beneficially owned by Teton Holdings Corporation CCS ("Teton"). On April 15, 2020, Teton was appointed as the trustee for The Ian M. Cumming Charitable Lead Annuity Trust (the "CLAT"), which owns 2,410,828 shares of common stock of Crimson Wine Group, Ltd. (the "Shares"). Teton does not have a pecuniary interest in the Shares.

2. Represents securities beneficially owned by David Cumming. David Cumming owns a 50% interest in Teton and serves as a member of the board of directors and as a member of the investment committee of Teton. David Cumming also holds a remainder interest in the CLAT. David Cumming disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein.

Remarks:

Exhibit List: Exhibit 24.1 - Power of Attorney (Teton Holdings Corporation CCS) Exhibit 24.2 - Power of Attorney (David Cumming)

	/s/ Catherine Handley, as attorney-in-fact for Teton Holdings Corporation CCS	09/18/2020
	/s/ Catherine Handley, as attorney-in-fact for David Cumming	09/18/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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