Filing Details

Accession Number:
0001504304-16-000179
Form Type:
13D Filing
Publication Date:
2016-05-19 15:12:15
Filed By:
Bulldog Investors
Company:
Firsthand Technology Value Fund Inc. (NASDAQ:SVVC)
Filing Date:
2016-05-19
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Bulldog Investors 223,146 160,800 223,146 160,800 4.98%
Phillip Goldstein 223,146 160,800 223,146 160,800 4.98%
Andrew Dakos 223,146 160,800 223,146 160,800 4.98%
Steven Samuels 223,146 160,800 223,146 160,800 4.98%
Filing

SCHEDULE 13D/A DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 5/18/16 1. NAME OF REPORTING PERSON Bulldog Investors, LLC 2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION DE ___________________________________________________________ 7. SOLE VOTING POWER 223,146 8. SHARED VOTING POWER 160,800 9. SOLE DISPOSITIVE POWER 223,146 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 160,800 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 383,946 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 4.98% 14. TYPE OF REPORTING PERSON IA ___________________________________________________________ 1. NAME OF REPORTING PERSON Phillip Goldstein 2. CHECK THE BOX IF MEMBER OF A GROUP a[x] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 223,146 8. SHARED VOTING POWER 160,800 9. SOLE DISPOSITIVE POWER 223,146 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 160,800 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 383,946 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 4.98% 14. TYPE OF REPORTING PERSON IN ___________________________________________________________ 1. NAME OF REPORTING PERSON Andrew Dakos 2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 223,146 8. SHARED VOTING POWER 160,800 9. SOLE DISPOSITIVE POWER 223,146 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 160,800 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 383,946 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 4.98% 14. TYPE OF REPORTING PERSON IN ___________________________________________________________ 1. NAME OF REPORTING PERSON Steven Samuels 2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 223,146 8. SHARED VOTING POWER 160,800 9. SOLE DISPOSITIVE POWER 223,146 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 160,800 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 383,946 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 4.98% 14. TYPE OF REPORTING PERSON IN _______________________________________________________ Item 1. SECURITY AND ISSUER This statement constitutes Amendment #17 to the schedule 13d filed November 22, 2013. Except as specifically set forth herein, the Schedule 13d remains unmodified. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER As per the 10-Q filed on May 10, 2016 there were 7,702,705 shares of common stock outstanding as of 3/31/2016. The percentages set forth herein were derived using such number.Phillip Goldstein, Andrew Dakos and Steven Samuels own Bulldog Investors, LLC, a registered investment advisor. As of May 18, 2016, Bulldog Investors, LLC is deemed to be the beneficial owner of 383,946 shares of SVVC by virtue of Bulldog Investors, LLC's power to direct the vote of, and dispose of, these shares. These 383,946 shares of SVVC include 223,146 shares (representing 2.90% of SVVC's outstanding shares) that are beneficially owned by (1) Mr. Goldstein and (2) the following entities over which Messrs. Goldstein, Dakos and Samuels exercise control: Opportunity Partners LP, Calapasas West Partners, LP, Full Value Special Situations Fund, LP, Full Value Offshore Fund, Ltd., Full Value Partners, LP, Opportunity Income Plus, LP, and MCM Opportunity Partners, LP (collectively, Bulldog Investors Group of Funds). Bulldog Investors Group of Funds and Mr. Goldstein may be deemed to constitute a group. All other shares included in the aforementioned 383,946 shares of SVVC beneficially owned by Bulldog Investors, LLC (solely by virtue of its power to sell or direct the vote of these shares) are also beneficially owned by clients of Bulldog Investors, LLC who are not members of any group. The total number of these "non-group" shares is 160,800 shares (representing 2.08% of SVVC's outstanding shares). (b)Bulldog Investors,LLC has sole power to dispose of and vote 223,146 shares. Bulldog Investors, LLC has shared power to dispose of and vote 160,800 shares. Certain of Bulldog Investors, LLC's clients (none of whom beneficially own more than 5% of SVVC's shares) share this power with Bulldog Investors, LLC. Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC. c) Since the last filing on 5/3/16 the following shares of SVVC were sold: Date: Shares: Price: 05/04/16 (7,602) 7.6038 05/05/16 (19) 7.6000 05/06/16 (100) 7.5500 05/16/16 (8,849) 7.4500 05/17/16 (200) 7.4600 05/18/16 (1,400) 7.4700 d) Beneficiaries of managed accounts are entitled to receive any dividends or sales proceeds. e) The Reporting Persons ceased to be the beneficial owner of more than 5% of SVVC's common stock on May 18, 2016. ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS None Footnote 1: The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest therein. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: 5/19/2016 By: /s/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos By: /S/ Steven Samuels Name: Steven Samuels Bulldog Investors, LLC By: /s/ Andrew Dakos Andrew Dakos, Member