"The price of LP's gifts were reported at $.00 cost:
950,000 shares from 2010 at 1 for 16 is 59,375 shares;
950,000 shares from 2012 at 1 for 16 is 59,375 shares;
and another gift in 12/2012 of 59,405 shares"
So that's about $1M at the average SP over the last couple of years. I understand that you thought is was $16M and would be somewhat concerned.
What I don't understand is; are you sure these are company shares, or are these LP's shares? If they are LP's shares, then why does it bother you?