SEC FORM 4

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^*

Ceiley Glen

(Last)

(First)

(Middle)

1500 NORTH LAKEVIEW LOOP

(Street)

ANAHEIM

92807

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
EACO CORP [ EACO ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2016

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/11/2016		S		500	D	$6.19	4,720,578	I	By Trust
Common Stock	11/11/2016		S		400	D	$6.15	4,720,178	I	By Trust
Common Stock	05/05/2017		S		700	D	$7.7	4,719,478	I	By Trust
Common Stock	05/05/2017		S		600	D	$7.82	4,718,878	I	By Trust
Common Stock	01/15/2019		S		300	D	$13.4	4,718,578	I	By Trust
Common Stock	01/15/2019		S		300	D	$13.36	4,718,278	I	By Trust
Common Stock	01/15/2019		S		100	D	$13.35	4,718,178	I	By Trust
Common Stock	01/18/2019		S		800	D	$13.5	4,717,378	I	By Trust
Common Stock	01/18/2019		S		800	D	$13.6	4,716,578	I	By Trust
Common Stock	01/22/2019		S		100	D	$13.6	4,716,478	I	By Trust
Common Stock	01/22/2019		S		308	D	$13.55	4,716,170	I	By Trust
Common Stock	01/23/2019		S		800	D	$13.5	4,715,370	I	By Trust
Common Stock	01/24/2019		S		700	D	$13.55	4,714,670	I	By Trust
Common Stock	02/04/2019		S		700	D	$13.85	4,713,970	I	By Trust
Common Stock	04/15/2019		S		700	D	$16.3	4,713,270	I	By Trust
Common Stock	04/18/2019		S		684	D	$16.5	4,712,586	I	By Trust
Common Stock	04/25/2019		S		651	D	$16.5	4,711,935	I	By Trust
Common Stock	04/30/2019		S		700	D	$16.7	4,711,235	I	By Trust
Common Stock	05/07/2019		S		299	D	$16.675	4,710,936	I	By Trust
Common Stock	05/07/2019		S		400	D	$16.6	4,710,536	I	By Trust
Common Stock	07/02/2019		S		700	D	$18.1	4,709,836	I	By Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Series A Cumulative Preferred Stock	$22.5							⁽¹⁾	⁽¹⁾	Common Stock	40,000⁽²⁾		40,000⁽²⁾	D

Explanation of Responses:

1. The convertible preferred stock is convertible at any time at the election of the reporting person's trust and has no expiration date.

2. The reporting person's 36,000 shares of convertible preferred stock are convertible into 40,000 shares of common stock, which assumes no conversion of any accrued but unpaid dividends. Dividends are currently paid in cash quarterly but may also be convertible at the trust's election if not paid in cash in the future.

Remarks:

This Form 4 reports certain old sales by the reporting person that were inadvertently not previously reported and were discovered in connection with the reconciliation of the reporting person's holdings. There were no purchases of shares or other matchable transactions by the reporting person within six months before or after these sales. Please note that the 6,000 shares previously reported as owned by the reporting person's spouse were actually owned by the reporting person's grantor trust as his spouse's shares were previously already disclosed as sold on Form 4s in August and November of 2016. The common stock held by the reporting person's grantor trust also reflects a typographical error and has been overstated by 124 shares since more than six months prior to the first sale reported on this Form 4. Finally, this Form 4 reflects that all of the reporting person's shares (other than the 40,000 direct shares) were transferred to the reporting person's grantor trust in 2014. The trust's holdings of the Company's convertible preferred stock were separately reported by the trust on its own Form 3 (but were inadvertently not included on the reporting person's Form 4 filings). There was no change or transaction in the convertible preferred stock holdings in Table II but they are being included on this Form 4 since the combined holdings of the trust were not reported together.

	/s/ Glen Ceiley	07/09/2019
	** 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).
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