Filing Details

Accession Number:
0000914190-10-000755
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-12-23 16:38:10
Reporting Period:
2010-12-21
Filing Date:
2010-12-23
Accepted Time:
2010-12-23 16:38:10
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1409171 Titan Machinery Inc. TITN Retail-Retail Stores, Nec (5990) 450357838
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1205409 Tony Christianson 301 Carlson Parkway
Suite 103
Minnetonka MN 55305
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2010-12-21 7,670 $20.14 430,743 No 4 S Indirect Adam Smith Fund, LLC
Common Stock Disposition 2010-12-21 2,330 $20.14 135,681 No 4 S Indirect Adam Smith Growth Partners
Common Stock Disposition 2010-12-22 7,670 $19.66 423,073 No 4 S Indirect Adam Smith Fund, LLC
Common Stock Disposition 2010-12-22 2,330 $19.66 133,351 No 4 S Indirect Adam Smith Growth Partners
Common Stock Disposition 2010-12-23 7,670 $19.89 415,403 No 4 S Indirect Adam Smith Fund, LLC
Common Stock Disposition 2010-12-23 2,330 $19.89 131,021 No 4 S Indirect Adam Smith Growth Partners
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect Adam Smith Fund, LLC
No 4 S Indirect Adam Smith Growth Partners
No 4 S Indirect Adam Smith Fund, LLC
No 4 S Indirect Adam Smith Growth Partners
No 4 S Indirect Adam Smith Fund, LLC
No 4 S Indirect Adam Smith Growth Partners
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 5,716 Direct
Common Stock 10,859 Indirect By Adam Smith Companies, LLC
Common Stock 7,565 Indirect By Cherry Tree Companies, LLC
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Warrant (right to buy) $3.50 2005-02-15 2013-04-07 6,672 6,672 Indirect
Common Stock Warrant (right to buy) $3.50 2004-08-01 2014-08-01 6,071 6,071 Indirect
Common Stock Stock Option (right to buy) $4.50 2007-02-02 2017-02-02 2,667 2,667 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2013-04-07 6,672 6,672 Indirect
2014-08-01 6,071 6,071 Indirect
2017-02-02 2,667 2,667 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.96 to $20.26, inclusive. The reporting person undertakes to provide Titan Machinery Inc., any security holder of Titan Machinery Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.54 to $20.15, inclusive. The reporting person undertakes to provide Titan Machinery Inc., any security holder of Titan Machinery Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.80 to $20.00, inclusive. The reporting person undertakes to provide Titan Machinery Inc., any security holder of Titan Machinery Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  4. Reporting person owns a controlling interest in Adam Smith Fund, LLC which owns the shares and warrants. Reporting person expressly disclaims beneficial ownership except to the extent of his pecuniary interest in the entity owning the shares and warrants.
  5. Reporting person owns a controlling interest in Adam Smith Growth Partners which owns the shares. Reporting person expressly disclaims beneficial ownership except to the extent of his pecuniary interest in the entity owning the shares.
  6. Reporting person owns a controlling interest in Adam Smith Companies, LLC which owns the shares and warrants. Reporting person expressly disclaims beneficial ownership except to the extent of his pecuniary interest in the entity owning the shares and warrants.
  7. Reporting person owns a controlling interest in Cherry Tree Companies, LLC which owns the warrants. Reporting person expressly disclaims beneficial ownership except to the extent of his pecuniary interest in the entity owning the warrants.