SEC Form 5
| FORM 5 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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). | |||||||||||||||||
| Form 3 Holdings Reported. | |||||||||||||||||
| Form 4 Transactions Reported. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol LANNETT CO INC [ LCI ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 06/30/2021 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||||||||
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| 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 at end of Issuer's Fiscal Year (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||||||
| Amount | (A) or (D) | Price | |||||||||||||
| Common Stock | 08/14/2020 | W(1)(2) | 38,125 | A | $0.00 | 1,667,649 | D | ||||||||
| Common Stock | 09/01/2020 | A(3) | 38,986 | A | $0.00 | 1,706,635 | D | ||||||||
| Common Stock | 02/10/2021 | J(4)(5) | 320,000 | D | $0.00 | 250,919 | I | 2019 GRAT(6) | |||||||
| Common Stock | 02/10/2021 | J(4)(5) | 320,000 | A | $0.00 | 2,026,635 | D | ||||||||
| Common Stock | 05/05/2021 | J(5)(7) | 38,000 | D | $0.00 | 0 | I | Farber Investment LLC(6) | |||||||
| Common Stock | 05/05/2021 | J(5)(7) | 19,000 | A | $0.00 | 2,045,635 | D | ||||||||
| Common Stock | 05/28/2021 | P(8) | 10,000 | A | $4.37 | 2,055,635 | D | ||||||||
| Common Stock | 994,412 | I | Jeffrey Farber Family Foundation(6) | ||||||||||||
| Common Stock | 528,122 | I | Farber Family LLC(6) | ||||||||||||
| Common Stock | 300,000 | I | 2020 GRAT(6) | ||||||||||||
| Common Stock | 73,408 | I | Jeffrey Farber, Custodian for Children(6) | ||||||||||||
| Common Stock | 30,000 | I | Jeffrey and Jennifer Farber Family Foundation(6) | ||||||||||||
| Common Stock | 17,279 | I | Jeffrey Farber, Joint Custodian(6) | ||||||||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | ||||||||||||||
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| 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) | |||
| (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | |||||||||
| Explanation of Responses: |
| 1. On August 14, 2020, the Audrey Farber Roth IRA transferred 38,128 shares to Jeffrey Farber's IRA. |
| 2. This transaction represents an acquisition of shares for no value as part of the settlement of an estate by will. |
| 3. Represents restricted stock awards that vested in full on September 1, 2020, which were previously reported on a Form 4 filed on September 3, 2020 |
| 4. On February 10, 2021, the 2019 GRAT transferred 320,000 shares to Jeffrey Farber's Trust. |
| 5. This transaction represents a transfer for no value by the Reporting Person. |
| 6. Jeffrey Farber disclaims beneficial ownership of these shares. |
| 7. On May 5, 2021, the Farber Investment LLC transferred 19,000 shares to Jeffrey Farber's Trust and 19,000 shares to David Farber's Trust. |
| 8. Represents shares purchased on the open market on May 28, 2021, which were previously reported on a Form 4 filed June 1, 2021 |
| Remarks: |
| /s/ Samuel Israel Limited Power of Attorney For: Jeffrey Farber | 08/17/2021 | |
| ** 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. | ||