Form 4: Lifeloc Technologies Director Siecke Discloses Late Filing of Stock Purchase

Director Donald E. Siecke reports a delayed filing for a stock purchase of Lifeloc Technologies shares made in October 2019.

Summary

• Donald E. Siecke, a director of Lifeloc Technologies, Inc., filed a Form 4 to report a transaction involving the company's common stock.
• The transaction, a purchase of 9,347 shares at $1.57 per share, occurred on October 2, 2019.
• The filing was delayed and is being made promptly after the omission was discovered.
• Following the reported transaction, Siecke beneficially owns 460,295 shares indirectly through EDCO Partners LLLP and Siecke Fruhling Investment Co.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports a delayed filing of a stock transaction. The prompt correction is a slightly positive factor.

Positives

• The delayed filing was promptly corrected upon discovery of the omission.

Negatives

• The Form 4 filing for the stock purchase was delayed.

Risks

• Delayed filings can raise concerns about compliance with SEC regulations.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, ensuring transparency in the market.

Key Dates

Keywords

Form 4, Lifeloc Technologies, LCTC, Donald E. Siecke, stock purchase, beneficial ownership, delayed filing, director