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*
Seaberg Karen
(Last) (First) (Middle)
20076 266TH ROAD
(Street)
ATCHISON KS 66002
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MGP INGREDIENTS INC [ MGPI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/08/2017
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 03/11/2020 S 15,324 D $28.3186 2,412,722 I by Cray MGP Holdings LP
Common Stock 03/13/2020 S 30,169 D $24.5852 2,382,603 I by Cray MGP Holdings LP
Common Stock 03/13/2020 S 28,472 D $24.5852 273,518(1) I Cloud Cray Family Trust
Common Stock 12/18/2017 G 53 A $0 201,533(2)(3) I by trust
Common Stock 12/18/2018 G 88 A $0 203,747(2)(3) I by trust
Common Stock 02/27/2019 G 192 A $0 269,939(2)(3) I by trust
Common Stock 03/11/2020 S 5,620 D $28.3186 406,369(2)(3) I by trust
Common Stock 03/13/2020 S 10,785 D $24.5852 395,584(2)(3) I by trust
Common Stock 11/08/2017 G 898 A $0 538,591 I by spouse's trust
Common Stock 11/08/2017 G 89 A $0 538,680 I by spouse's trust
Common Stock 12/14/2019 G 3,160 D $0 452,661(2) I by spouse's trust
Common Stock 03/11/2020 S 1,135 D $28.3186 309,526(2) I by spouse's trust
Common Stock 03/13/2020 S 22,649 D $24.5852 286,887(2) I by spouse's trust
Common Stock 11/08/2017 G 89 D $0 70,199 I by trust for LM
Common Stock 02/01/2018 S 125 D $87.429 70,074 I by trust for LM
Common Stock 06/19/2018 S 315 D $95.4068 69,652 I by trust for LM
Common Stock 11/05/2018 S 130 D $65.8841 69,522 I by trust for LM
Common Stock 01/31/2019 S 52 D $72.169 69,470 I by trust for LM
Common Stock 04/29/2019 S 115 D $86.203 69,355 I by trust for LM
Common Stock 07/31/2019 S 106 D $50.2415 69,249 I by trust for LM
Common Stock 08/07/2019 S 983 D $50.9148 68,266 I by trust for LM
Common Stock 08/29/2019 S 450 D $47.7521 67,816 I by trust for LM
Common Stock 03/06/2020 S 345 D $29.0177 67,471 I by trust for LM
Common Stock 03/13/2020 S 4,067 D $24.5852 63,404 I by trust for LM
Common Stock 11/08/2017 G 89 D $0 70,172 I by trust for MH
Common Stock 02/01/2018 S 125 D $87.5279 70,047 I by trust for MH
Common Stock 06/19/2018 S 315 D $95.3497 69,625 I by trust for MH
Common Stock 11/27/2018 S 1,530 D $68.661 68,095 I by trust for MH
Common Stock 99,066 I by IRA
Common Stock 3,977 D
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. On February 28, 2019, the reporting person became the sole trustee of the Cloud L. Cray Family Trust, which was a reportable transaction. The trust owned 301,990 shares of common stock on that date. However, the trust's holdings have been omitted from subsequent Form 4 filings by the reporting person.
2. The reporting person's spouse's trust made the following transfers to the reporting person's trust: (i) 66,000 shares on January 24, 2019, (ii) 82,000 shares on February 5, 2020 and (iii) 60,000 shares on February 18, 2020. The reporting person is the trustee and sole beneficiary of both trusts and the transfers were merely a change in the form of indirect beneficial ownership. The correct number of shares owned by each trust are now being reported correctly.
3. The reporting person made the following transfers to the reporting person's trust:(i) 591 shares on November 16, 2017, (ii) 1,273 shares on July 3, 2018, (iii) 10,000 shares on September 18, 2018, (iv) 363 shares on December 14, 2018 and (v) 823 shares on May 21, 2019. The reporting person is the trustee and sole beneficiary of her trust and the transfers were merely a change from direct to indirect beneficial ownership. The correct number of shares owned directly by the reporting person and indirectly by her trust are now being reported correctly.
Remarks:
/s/ Thomas Lynn, Attorney in Fact for Karen Seaberg 05/26/2020
** 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.
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