0001109697-17-000005.txt : 20170308
0001109697-17-000005.hdr.sgml : 20170308
20170308184306
ACCESSION NUMBER: 0001109697-17-000005
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160212
FILED AS OF DATE: 20170308
DATE AS OF CHANGE: 20170308
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: National Properties Trust
CENTRAL INDEX KEY: 0001109697
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 841027606
STATE OF INCORPORATION: CO
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 57 WEST 200 SOUTH
STREET 2: SUITE 350
CITY: SALT LAKE CITY
STATE: UT
ZIP: 84101-3663
BUSINESS PHONE: (702) 546-6480
MAIL ADDRESS:
STREET 1: 4100 WEST FLAMINGO ROAD
STREET 2: SUITE 2750
CITY: LAS VEGAS
STATE: NV
ZIP: 89103-3949
FORMER COMPANY:
FORMER CONFORMED NAME: Osceola Gold Inc.
DATE OF NAME CHANGE: 20150608
FORMER COMPANY:
FORMER CONFORMED NAME: National Properties Trust
DATE OF NAME CHANGE: 20140818
FORMER COMPANY:
FORMER CONFORMED NAME: Encounter Development Technologies Inc.
DATE OF NAME CHANGE: 20131226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: First Hudson Trust of New York
CENTRAL INDEX KEY: 0001294448
STATE OF INCORPORATION: OK
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-30029
FILM NUMBER: 17676347
BUSINESS ADDRESS:
STREET 1: ONE EAST MAIN STREET
STREET 2: SUITE 711
CITY: ROCHESTER
STATE: NY
ZIP: 14614-1880
BUSINESS PHONE: (702) 546-6480
MAIL ADDRESS:
STREET 1: 4100 WEST FLAMINGO ROAD
STREET 2: SUITE 2750
CITY: LAS VEGAS
STATE: NV
ZIP: 89103-3949
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2016-02-12
0
0001109697
National Properties Trust
ENTI
0001294448
First Hudson Trust of New York
4100 WEST FLAMINGO ROAD
SUITE 2750
LAS VEGAS
NV
89103-3949
0
0
1
0
Series A Preferred Stock
2016-02-04
2016-02-12
5
S
0
E
25000000
40000
D
0
D
The Series A Preferred Stock is the issuer's control stock.
On or about February 12, 2016, First Hudson Trust of New York ("First Trust") and Electronic Merchant Systems Rochester, Inc. ("EMSR") sold 50,000,000 shares of the issuer's Series A Preferred Stock (the "Control Stock") to an unrelated third party under the terms and provisions of a stock purchase agreement delivered on the deemed execution date. First Trust and EMSR each owned 25,000,000 shares of the Control Stock.
The transaction with the unrelated third party also called for First Trust and EMSR (previously defined in footnote second hereof) to sell their respective interests in another corporation, the shares of which in the other corporation comprised the selling price. The issuer's stock was an added value benefit to that certain stock purchase agreement and represented little, if any, of the sale and purchase price. The purchase price was to have been distributed equally to First Trust and EMSR.
First Trust and EMSR (previously defined in footnote second hereof) collectively owned 50,000,000 shares of the issuer's control stock. The reporting person hereunder owned 25,000,000 shares; however, that certain stock purchase agreement called for the sale of the entire 50,000,000 shares of control stock, which included EMSR's holdings in the issuer. Following the disposition of the shares in the issuer, First Trust did not own any shares in the issuer.
As a condition of the stock purchase transaction that resulted in the sale of First Trust's shares of Series A Preferred Stock, the reporting person's managing administrative trustee, who also served as the issuer's Chairman, President, and CEO, voluntarily resigned all of the offices and positions he held with the issuer.
Randolph S. Hudson, Managing Trustee
2017-03-08