Major owner of GAIN Capital Holdings just disposed of 287,670 shares

Global Assets Master, a major owner of GAIN Capital Holdings, recently disposed of 287,670 shares of the company. The disposals took place at prices ranging from $8.75 to $9.10 per share, on dates ranging from January 27 to January 28, 2014. Master still owns 4,220,861 shares of the company. Master operates out of Road Town Tortola, D8. Some additional info was provided as follows:

In the Form 4 filed by Master Global Assets Limited ("MGAL"), Michel Daher and Abdallah Daher (collectively, the "Reporting Persons") on January 30, 2014, the Reporting Persons inadvertently reported the number of shares of GAIN Capital Holdings, Inc.'s Common Stock sold to include only the 250,000 shares of Common Stock sold by MGAL on January 28, 2014. MGAL also sold shares of Common Stock on January 27, 2014, and the purpose of this amendment to Form 4 is to correct such aggregate number of shares sold and report separately each transaction which occurred on such date. The shares reported on this amendment to Form 4 are owned directly by MGAL. This Form 4 is being filed jointly by the Reporting Persons. Michel Daher and Abdallah Daher may be deemed to indirectly beneficially own the shares owned directly by MGAL because they are both the owners and directors of MGAL. Michel Daher and Abdallah Daher disclaim beneficial ownership of such shares except to the extent of their respective pecuniary interest therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Act of 1934 or otherwise, Michel Daher or Abdallah Daher is the beneficial owner of any of the securities reported herein. The price reported is a weighted average price. The highest sale price was $9.19, and the lowest sale price was $8.59. The Reporting Persons undertake to provide to GAIN Capital Holdings, Inc., any security holder of GAIN Capital Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price set forth in this footnote.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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