• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
It's Not Complicated Recipes
  • Home
  • Recipes
  • Blog
  • About
  • Kitchen Tips
  • Subscribe
  • Contact
menu icon
go to homepage
  • Recipes
  • About
  • Subscribe
  • Get in touch
search icon
Homepage link
  • Recipes
  • About
  • Subscribe
  • Get in touch
×
Home » Recipe Index » Jams and Marmalade

Three Ingredient Lemon Marmalade

Published: Sep 5, 2019 · Updated: Oct 23, 2020 Author: Alexandra Cook

For the full recipe including quantities and method, click the "jump to recipe" button, or scroll through and read our helpful tips along the way.

12177 shares
Jump to Video Leave Review
Three Ingredient Lemon Marmalade. A recipe by It's Not Complicated Recipes.

Lemon Marmalade has always been a favourite with my parents, my father in particular. He has been without his homemade breakfast condiment for a few weeks now and has politely let us know that a jar of shop-bought marmalade is not on his agenda.

As fortune would have it, a friend presented me with some beautiful, homegrown lemons and I have set to work. This is a classic method of making marmalade. It requires just three ingredients, and one of them is water. That is all that you need to make this fresh-flavoured condiment.  

If you think that making marmalade is difficult, I want to assure you that it is easier than you may think. Although there is a great deal of science involved, it just requires that you follow a few simple steps.

Three Ingredient Lemon Marmalade. A recipe by It's Not Complicated Recipes.

Let me tell you a little about Marmalade:

Marmalade is a favoured preserve on many breakfast tables. It’s easy to appreciate that this zesty, tangy preserve is a great way to start the day.

Marmalade is only made from citrus fruits, unlike jam, which can be made from any variety of fruit. Moreover, citrus fruits are rich in naturally occurring pectin. High amounts of pectin and acid, such as in citrus, help the marmalade to set, making it ideal for preserving. As such, it is not necessary to buy special jam-setting sugar.

I regard homemade jams and spreads as luxury items. It’s not that they are expensive to make, especially when the fruit is a gift, but there is an investment of time. However, having jars of marmalade that you have made yourself is tremendously satisfying.

The flavours are bright and clear and remember, there are just three ingredients. Compare that with the labels of some commercial varieties which often have a large range of additives.

Three Ingredient Lemon Marmalade. A recipe by It's Not Complicated Recipes.

Ingredients in my Three Ingredient Lemon Marmalade:

Lemons:

Given that we will be using the entire fruit, it is preferable to use home-grown or organic lemons. Commercially produced lemons generally have a wax coating and may have been sprayed.

Sugar:

I use regular, granulated sugar. It is a large amount of sugar but it does much more than sweeten the marmalade. Its main function is to combine with the pectin and fruit acids to form a gel. In addition, it acts as a preservative that inhibits the growth of mould.  

I don’t recommend reducing the amount of sugar as it may interfere with the setting and preservation.

Water:

I have used filtered water but regular tap water is also fine.

How to make Three Ingredient Lemon Marmalade:

Making the marmalade is a two-day process. On the first day, you slice the lemons very finely and put them into a large bowl with water to soak overnight. Soaking the fruit serves two purposes.

Firstly, it softens the peel and secondly, it helps release the pectin required for setting the jam. On day two you cook the fruit and add the sugar.

When setting point is reached, as outlined in the recipe instructions, I remove the saucepan from the heat and set it aside for 10 minutes. This will help the fruit to settle and evenly distribute when poured into the jars.

Without settling, the fruit will rise to the top of the marmalade. And finally, ladle it into jars and smile with satisfaction at the result.

Three Ingredient Lemon Marmalade. A recipe by It's Not Complicated Recipes.

Tips for success:

You will not need any special equipment to make this recipe. However, a large saucepan is essential. When you add the sugar, it foams up enormously. Without a very large saucepan, there is the risk of it boiling over.

Your jars and their lids must be sterilised. I do this by heating them in the oven as outlined in the recipe.

As we are using the whole fruit, it is best to use organic or home-grown fruit.  However, if you are only able to access commercially grown lemons, they need to be thoroughly cleaned.

Always use fruit which is in good condition and ideally some which are slightly under-ripe as they will contain more pectin. Bruised or damaged fruit may spoil the jam, causing it to deteriorate quickly.

It is important to cook the peel until it is tender before you add the sugar. Once you add the sugar the peel will no longer soften. After adding the sugar it is necessary to completely dissolve it before bringing the mixture back to the boil.

I find it best to check for setting point by checking a small amount of marmalade on a chilled plate. I use the “wrinkle” test, as detailed in the recipe. After reaching setting point, set the marmalade aside for 10 minutes to allow the fruit to settle.

Ladle the marmalade into hot jars to avoid the glass breaking.

Six jars of Lemon Marmalade on a lemon cloth.

Other uses for these ingredients:

We love lemons, and some of our other favourite ways to use them are:

  • Individual Lemon Curd Meringues
  • Classic Lemon Curd
  • Gluten-Free Lemon Madeleines
  • Belgian Lemon Tea Cake
  • Quick and Easy Lemon Ice Cream

More delicious condiments and edible gift ideas:

  • Apricot Jam
  • Fresh Peach Chutney
  • Easy Plum Jam
  • Classic Lemon Curd
  • Dill Pickled Cucumbers
  • Sweet Chilli Sauce
  • Balsamic Glaze
  • Preserved Chillies in Oil
Holding up a jar of Lemon Marmalade.

When it comes to using the Lemon Marmalade:

First and foremost, this bright and zesty condiment with the zingy flavour of lemon is a great wake-up call, perfect when slathered on your morning toast.

However, there are other ways in which to use it:

  • A sticky glaze for chicken drumsticks;
  • Make a sauce for pork tenderloin;
  • Glaze a Christmas ham;
  • Make crostini with goat cheese and prosciutto;
  • Bake a lemon cake and make a glaze with the marmalade;
  • Serve with Coconut Scones by A Baking Journey.

This refreshing condiment highlights the bright, tangy flavours of lemon. Although it is an ideal toast topping there are other ways in which to enjoy this condiment.

When you try it you will realise that there is no comparison between homemade marmalade and the commercially produced varieties.

Do let me know in the comments below when you have tried this delicious recipe.
Alex xx

Three Ingredient Lemon Marmalade. A recipe by It's Not Complicated Recipes.
Three Ingredient Lemon Marmalade. A recipe by It's Not Complicated Recipes.

Three Ingredient Lemon Marmalade

This tart, zesty spread provides a much-needed wake-up call in the morning when spread on toast. Set some time aside to make the marmalade and enjoy it in the months to come.  You will enjoy the sense of satisfaction that comes with making your preserves.
4.85 from 120 votes
Print Pin Review
Course: Breakfast, Condiment
Cuisine: British
Prep Time: 20 minutes minutes
Cook Time: 40 minutes minutes
Inactive Time: 12 hours hours
Total Time: 13 hours hours
Servings: 9 250 ml Jars
Calories: 790kcal
Author: Alexandra Cook – It’s Not Complicated Recipes

Equipment

  • 9 x 250ml Jars

Please note:

For accuracy, when weights are provided, we recommend weighing your ingredients. This will produce the best results. All oven temperatures listed are for fan forced.

Ingredients

  • 500 g (17.5 ounces) lemons See Notes 1 & 2
  • 6 cups (1.5 litre) water
  • 8 cups (1.8kg) sugar

Instructions

Please Read First:

  • Preserve making is quite simple, but we do recommend reading the recipe through first and following these tips:
    – weigh your ingredients for accuracy.
    – do not double the recipe or alter the quantities.
    – yes, it’s a lot of sugar. It’s also a lot of water. When making marmalade, the sugar is not just a sweetener, it also assists with gelling and preservation. When prepared properly, your end result will be the perfect mix of sweet, citrus tang and bitter, as marmalade should be. This is an old-fashioned recipe (my great great grandmothers.) 
    – use a very large saucepan as the marmalade needs to rapidly boil and will foam up and you don’t want it to overflow.
    –  ensure the marmalade reaches setting point. Keep in mind the marmalade will be very liquid while hot. Do not over boil as you will risk burning the marmalade.
    – allow 24-48 hours once jarred for the pectin to activate and the marmalade to set properly.
    – if after this time your marmalade hasn’t set, it likely wasn’t cooked for long enough initially. In this case, add the marmalade back to a clean saucepan with the juice of a fresh lemon. Bring back to the boil and start testing after 5 minutes of rapid boiling.  

To sterilise the jars:

  • Preheat the oven to 130 Degrees C (270F).
    Use glass jars with an airtight, metal lid. Wash them either in the dishwasher or by hand in hot soapy water, and rinse well. Check that the metal lids do not have rubber inserts. If they do, allow them to air dry.(See Note 9)
  • Place upright jars and lids on a baking tray. Heat in the oven for at least 20 minutes, then remove and immediately fill with marmalade.

For the Lemon Marmalade:

  • Place 2 saucers or small plates in the freezer, ready to check for the setting point of your marmalade.
  • Thoroughly wash the lemons. Remove each end of the lemons and cut the lemons into quarters lengthways. Holding two of the quarters together, slice as thinly as possible and remove any seeds.
  • Place the lemon slices in a non-reactive bowl. See Note 3.  Add 6 cups of water, cover the bowl and leave the lemons to stand overnight.
  • The following day, place the lemons and water into a large, non-reactive saucepan. – See Note 4.
  • Over medium-high heat, bring the fruit and water to the boil. Boil for approximately 15 minutes or until the lemon peel is tender, stirring occasionally with a long-handled wooden spoon. – See Note 5.  The time may vary slightly depending on the variety of lemon and the thickness of the slices.
  • Add the sugar and stir well to dissolve it. After dissolving the sugar, return the fruit to the boil, stir occasionally and skim to remove any foam. Continue to stir until the marmalade reaches setting point, about 20 minutes. – See Note 6
    Remove from the heat to conduct the wrinkle test. If not set, continue to boil for another 1 minute and then test again.
  • To test for setting point, I use the “wrinkle” test. Take one of your saucers from the freezer and pour a small amount of marmalade onto it. Let it cool for a minute then push against the marmalade with the tip of your finger. If the surface wrinkles it means setting point has been reached.
    Alternatively, if you are not confident checking this way or are not experienced at making marmalade, you can use the fail-safe method of using a jam/candy thermometer which you clip to the side of your saucepan. When attaching your thermometer, make sure that the base is not touching the bottom of the saucepan. Your marmalade has reached setting point when the temperature reaches 104.5 degree C or 220 degrees F. 
    It will still be liquid at this point, and will set as it cools.
  • Take the mixture off the heat and let the marmalade stand for about 10 minutes. This will help evenly distribute the fruit throughout the jars.
  • Remove your jars from the oven and carefully ladle the marmalade into the heated, sterilised jars. You need to be very careful. Splashing yourself with hot marmalade will result in a very serious burn. I suggest you have clothing with long sleeves and ensure that you do not have children nearby. Put lids on jars immediately, and seal well – being careful to use a cloth or oven gloves to handle the jars/lids.

Video

Notes

  1. The weight of the lemons, before trimming the ends and removing the seeds, was 530 gm/1.2 lbs. We use Eureka or Lisbon lemons for this recipe.
  2. As the peel is such an important part of the marmalade, I like to use organic or home-grown lemons. Commercially produced lemons generally have a wax coating and may have been sprayed. If this is all that you can obtain, you can clean the lemons by placing them in a colander and pouring over freshly boiled water. Then, scrub them gently with a nail brush while holding them under cold running water.
  3. Non-reactive bowls and saucepans are stainless steel, glass, ceramic or enamelled cookware. Aluminium, copper and iron bowls or pans are reactive. Acidic foods, such as lemons, may discolour and take on a metallic taste if these are used.
  4. A large saucepan is essential. When you add the sugar, it foams up enormously. Without a very large saucepan, there is the risk of it boiling over.
  5. To stir, use a long-handled wooden spoon. Metal will become dangerously hot.
  6. Boiling time depends on several factors, the width of your saucepan and the heat at which the fruit is boiled.
  7. The Marmalade will be shelf stable for approximately 12 months.
  8. Your marmalade will be very liquid when you add it to the jars so please don’t be concerned. It will continue to thicken as it cools. Leave it for 24-48 hours and then check again. If it is still runny, you can re-boil the marmalade. Empty the contents of the jars back into the saucepan and bring to a boil. To increase the pectin and help the marmalade to set, you can add the juice of half a lemon. Boil for a few minutes and test again.However, if the marmalade was initially boiled too long, it can still result in it not setting as the pectin may have been damaged.
  9. Properly sterilising your jars is an essential process to remove bacteria which could cause your preserves to spoil. I prefer to sterilise jars in the oven. To do this, preheat your oven to 130 Degrees C (270F).
    Use glass jars with an airtight, metal lid. If recycling jars, ensure that the jars do not have cracks or chips and the lids are in good condition. Discard any lids that are pitted or rusted.
    Wash the jars and lids either in the dishwasher or by hand in hot soapy water, and rinse well. Do not dry them with a tea towel. Place upright jars and lids on a baking tray. If you are using kilner jars with rubber seals, be sure to remove the seals before placing the jars in the oven. The dry heat of the oven would damage the seals. Boil the seals separately in a saucepan for about 10 minutes. Heat the jars in the oven for at least 20 minutes. When your preserves are ready to bottle, use thick oven mits or jar tongs to remove the jars. Do not place them on a cold surface as they may shatter. I place mine on a wooden chopping board which I cover with a tea towel. Always sterilise a few more jars than you think you will need. It is better to have too many jars than not enough.
  10. Please note, the nutritional information is based on one 250ml jar. Please take this into account, as you most likely won’t be consuming a whole jar in one sitting. The nutritional information is an estimate only.
Made this recipe? We’d be so grateful if you could leave a comment and rating at the bottom of the page!

Nutrition Estimate:

Calories: 790kcal | Carbohydrates: 205g | Protein: 1g | Fat: 1g | Saturated Fat: 1g | Sodium: 11mg | Potassium: 81mg | Fiber: 2g | Sugar: 201g | Calcium: 21mg | Iron: 1mg
Nutritional Disclaimer:

The nutritional information is an estimate only, and is derived from online calculators. For accurate results, we recommend calculating the nutritional information based on the ingredients and brands you use.

« Smoked Salmon Wreath
Mini Bacon and Onion Pasties »

Reader Interactions

Comments

  1. Jen

    August 12, 2020 at 8:25 am

    5 stars
    Yum! Thanks for such an easy recipe – making my third batch today! Family love it.
    – Jen

    Reply
    • Alexandra

      August 12, 2020 at 9:25 am

      Thanks for the great feedback, Jen!

      Reply
  2. Debbi Hobson

    August 12, 2020 at 5:26 am

    I should have read through the comments before starting. When you wrote to drain the lemons into the pot after soaking overnight I assumed I was to get rid of the water they soaked in. So now after almost 40 minutes of boiling the marmalade has not set. Is this salvageable at all? I might suggest you edit your directions from drain to perhaps pour. Much thanks!

    Reply
    • Alexandra

      August 12, 2020 at 9:22 am

      Hi Debbi, you could try adding the juice of a lemon for some more pectin and see if that helps?
      Lemon is so high in pectin, so I feel confident it will set. – my Mum accidentally spilt most of the water once and used fresh, and it took longer but still worked 🙂

      Reply
  3. Lilac

    August 01, 2020 at 7:26 am

    Hi, how much water should I put on the boil? I’ve used six cups in soaking the lemons overnight and will drain them soon. Very excited to cook today.
    Thanks for this recipe! Fingers crossed it will all work out.

    Reply
    • Alexandra

      August 01, 2020 at 8:23 am

      Hi Lilac! The water that you have soaked them in goes on to the boil – it looks like a lot at the start, but will cook down 🙂
      Enjoy!

      Reply
  4. Marie

    July 26, 2020 at 3:40 am

    Can I let my lemons soak longer than overnight?

    Reply
    • Alexandra

      July 28, 2020 at 2:47 pm

      Hi Marie, I have left mine for two nights before and had no issues 🙂

      Reply
  5. Petrina

    July 22, 2020 at 11:13 pm

    Hello so you just discard the seeds?

    Reply
    • Alexandra

      July 24, 2020 at 5:09 pm

      Hi Petrina, yes, the seeds are discarded in this recipe. The lemons themselves contain a generous amount of pectin so it is not necessary to include the seeds. Best wishes, Alex. 🙂

      Reply
  6. Morgan

    July 19, 2020 at 6:39 am

    Hello, do the jars seal themselves or can you process them in a water bath? Just want to make sure they are shelf-stable! Thanks!

    Reply
    • Alexandra

      July 19, 2020 at 3:14 pm

      Hi Morgan, if you bottle the marmalade while it is still hot and use hot, sterilised jars and lids, your marmalade will be shelf-stable for at least one year. I do hope that you enjoy the marmalade. Kind regards, Alex. 🙂

      Reply
  7. Kellyn

    July 01, 2020 at 8:54 am

    5 stars
    Hi Alexandra! Made these last night, and very happy with the result!

    Just reiterating the water bath question above though. Is this how they must be sealed in order to be shelf stable prior to opening? Or are the sugar and citrus enough of preservatives in themselves, so long that the lids remain tightly on? Don’t have room in my fridge for all of them prior to gifting!

    Reply
    • Alexandra

      July 01, 2020 at 9:19 am

      Hi Kellyn!
      That is great to hear!
      No need to put the jars in fridge until they are open –
      As long as you have sterilised your jars correctly and put the hot marmalade in the hot jars, the marmalade is now shelf-stable.
      Enjoy!

      Reply
  8. Greenwell

    June 28, 2020 at 4:28 pm

    5 stars
    Hello Allexandra, this is such an easy recipe of course if one follows the instructions as clearly as set out by you. I live in a place where I believe I can make a home business by making this marmalade for sale to pay for my school fes. What further ideas would offer me in this regard. I live Africa and am a student of computers.

    Reply
    • Alexandra

      June 28, 2020 at 5:23 pm

      Hello Greenwell, it is an easy recipe but you do need to follow the instructions carefully. For instance, the jars must be properly sterilised and the jam ladled into the hot jars about 10 minutes after it finishes cooking. Add the sterilised lids and seal immediately. Keep the jam in a cool, dry place away from direct sunlight. I hope that you enjoy it. 🙂

      Reply
  9. Agnes

    June 17, 2020 at 3:41 am

    5 stars
    I tried the recipe, fantastic and easy to make. I think my jam is not thick enough. How can I make it thicker?
    Agnes

    Reply
    • Alexandra

      June 17, 2020 at 8:32 pm

      Hi Agnes, I am so happy to hear that you liked the marmalade. If your jam isn’t thick enough it needed to be boiled just a little longer. Some people like a very thick set, much like commercial jams. Other people like a thinner set. It is a personal preference. If you feel that it’s really too thin, you could add the marmalade to a saucepan and boil it again. Lemons have a lot of pectin so it shouldn’t take long for it to reach a thicker set, maybe 5 – 10 minutes of boiling. You will need to sterilise your jars again. Best wishes Agnes. 🙂

      Reply
  10. Ngoc Bui

    May 28, 2020 at 2:34 am

    5 stars
    Hello Alex,
    I tried your 3-ingredient lemon marmalade, and it was a success.
    I come from a tropical country, so lemon isn’t a common fruit but lime is. So when I bought some lemon and found it smell so good that I decided to make marmalade from it. It was my 1st time to make marmalade ( though I’ve made strawberry jam before, lemon is a big problem to me – I don’t have confident about citrus fruits), then I came across your recipe. And thanks to it, I could make a delicious lemon marmalade. I also used your Easy plum jam recipe,and also succeeded. I learned a lot from you. Thank you so much. 💗💗💗

    Reply
    • Alexandra

      May 31, 2020 at 9:24 am

      Ngoc Bui, I am delighted to know that you have made and enjoyed the lemon marmalade and the plum jam. Thank you so much for your lovely comments, they are very much appreciated. :-0 🙂

      Reply
  11. Judy

    May 27, 2020 at 6:17 pm

    5 stars
    This is such a great recipe so easy to follow, worked out perfect.
    Could I had ginger to it? If so how much would I use?

    Reply
    • Alexandra

      May 31, 2020 at 9:27 am

      Hello Judy, I am delighted to hear that you are pleased with the lemon marmalade, thank you for letting me know. We are currently working on a lemon and ginger marmalade and hope to post that fairly soon. 🙂

      Reply
  12. Elyse

    February 26, 2020 at 12:04 pm

    5 stars
    The recipe was super easy and you added a lot of detail which made it easy for a first timer like me! It looks really great in the jars I’m so happy with the result!!! I’m so excited to try it!! Thank you!!

    But I’m just wondering how long it can store and if it needs to be kept refrigerated.

    Reply
    • Alexandra

      February 27, 2020 at 1:49 am

      Hi Elyse!
      So pleased to hear you have made the Marmalade! You can keep the sealed jars for up to a year. Enjoy!
      Once the jar is open, you will need to refrigerate.

      Reply
      • Mel Cap

        June 28, 2020 at 2:50 am

        To keep it stored without refrigeration does it need to be in a water bath canner ?

      • Alexandra

        June 28, 2020 at 4:55 pm

        Hello Mel, the marmalade is shelf-stable for about a year but I do refrigerate a jar after I open it. It is important to ensure that your jars are sterilised and the marmalade is ladled into hot jars about 10 minutes after you take it off the heat and sealed immediately. I look forward to hearing if you make it. 🙂

  13. Christina

    January 01, 2020 at 1:01 pm

    5 stars
    What a perfect addition to my morning toast!

    Reply
    • Alexandra

      January 02, 2020 at 5:38 pm

      I am so glad you like it, Christina!

      Reply
  14. Sally

    September 10, 2019 at 6:48 pm

    5 stars
    This is so good and so easy! It makes a perfect homemade gift!

    Reply
    • Alexandra

      September 11, 2019 at 5:36 am

      Thank you, Sally, a homemade gift is always welcome. 🙂

      Reply
  15. Lyanna

    September 07, 2019 at 7:29 pm

    5 stars
    I never thought making lemon marmalade was this easy.
    This was incredible!! Makes for a lovely gift.

    Reply
    • Alexandra

      September 07, 2019 at 8:08 pm

      I am happy to hear that Lyanna, please let me know how you enjoy it. 🙂

      Reply
  16. Bryon

    September 06, 2019 at 11:44 am

    5 stars
    I can vouch for just how delicious this is. I am enjoying it every morning at the moment!

    Reply
    • Alexandra

      September 06, 2019 at 2:04 pm

      Finally, you got your marmalade. I am so glad that you are enjoying it dad. 🙂

      Reply
« Older Comments
Newer Comments »

Leave a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Primary Sidebar

Hi! I’m Alex.

Welcome to It’s Not Complicated Recipes!

My blog reflects my approach to cooking. I like it to be simple, easily prepared and delicious. 

Learn more

Popular Recipes

  • Round dish of cooked patties sitting on some baking paper, garnished with parsley.
    Chickpea Patties (Vegan and Gluten Free)
  • Overhead shot of Lemon Curd Cake, with a slice missing, sitting on a round white dish.
    Lemon Curd Cake (Gluten-Free Option)
  • up close bowl of soup on a grey cloth, another bowl in the background to the right, some sliced bread to the left and two silver spoons on the side.
    Pumpkin and Sweet Potato Soup
  • Gluten-Free Almond Cookies

Comfort Food

  • Skillet with a tomato sauce and the ricotta gnocchi sitting on top, with a wooden spoon about to combine them.
    Gnocchi di Ricotta (Ricotta Gnocchi)
  • Eggplant Involtini – Italian comfort food
  • Overhead shot of cooked casserole, sitting on a brown cloth, with some parsley, feta and olives around the edge.
    Mediterranean Chicken Casserole
  • Bowl of mac and cheese.
    Bacon Mac and Cheese

Recent Recipes

  • Date and Lemon Buttermilk Scones on a baking paper lined baking tray.
    Date and Lemon Scones
  • Photo collage of four dip recipes - green goddess, cannellini bean, tuna and whipped ricotta.
    The Best Dip Recipes
  • Open glass jar of Nectarine Chutney, sitting on a small white plate, with a spoon scooping up some chutney.
    Nectarine Chutney
  • Round bowl of Chocolate Raspberry Porridge topped with yoghurt, flaked almonds and raspberries, with a spoon on the edge.
    Chocolate Raspberry Porridge (Stovetop Oatmeal)

Footer

About

  • Our Story
  • Recipes
  • Blog

Disclaimers

  • Privacy Policy
  • Privacy Policy (GDPR)
  • Cookie Policy
  • Accessibility Policy
  • Terms Of Use

Contact

  • Contact
  • Subscribe

↑ back to top

COPYRIGHT © 2025 · IT'S NOT COMPLICATED RECIPES® | ALL RIGHTS RESERVED

12177 shares