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Filing Details

Accession Number:: 0000921895-17-000024
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-01-04 16:26:39
Reporting Period:: 2016-12-30

Filing Date:: 2017-01-04
Accepted Time:: 2017-01-04 16:26:39
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
890821	Ameri Holdings Inc.	AMRH	Semiconductors & Related Devices (3674)	954484725

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1548312	E. Jeffrey Eberwein	53 Forest Avenue, 1St Floor Old Greenwich CT 06870	Yes	No	Yes	No
1589247	Lone Star Value Investors Lp	53 Forest Avenue, 1St Floor Old Greenwich CT 06870	No	No	Yes	No
1589325	Lone Star Value Investors Gp Llc	53 Forest Avenue, 1St Floor Old Greenwich CT 06870	No	No	Yes	No
1589350	Lone Star Value Management Llc	53 Forest Avenue, 1St Floor Old Greenwich CT 06870	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-12-30	40	$6.51	69,911	No	4	P	Indirect	By: Separately Managed Account
9.00% Series A Cumulative Preferred Stock	Acquisiton	2016-12-30	363,611	$50.00	363,611	No	4	J	Indirect	By: Lone Star Value Investors, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By: Separately Managed Account
No	4	J	Indirect	By: Lone Star Value Investors, LP

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	5% Convertible Note due May 2017	Disposition	2016-12-30	0	$5,000,000.00	2,777,778	$1.80

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2015-05-26	2019-05-26	No	4	J	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,666,755	Indirect	By: Lone Star Value Investors, LP

Footnotes

This Form 4 is filed jointly by Lone Star Value Investors, LP ("Lone Star Value Investors"), Lone Star Value Investors GP, LLC ("Lone Star Value GP"), Lone Star Value Management, LLC ("Lone Star Value Management") and Jeffrey E. Eberwein (collectively, the "Reporting Persons"). Mr. Eberwein is a director of the Issuer and each Reporting Person is a member of a reporting group that owns in the aggregate more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Securities owned directly by Lone Star Value Investors. Lone Star Value GP, as the general partner of Lone Star Value Investors, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Lone Star Value Management, as the investment manager of Lone Star Value Investors, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Mr. Eberwein, as the manager of Lone Star Value GP and sole member of Lone Star Value Management, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
The purchase of the shares reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by Lone Star Value Management on behalf of Lone Star Value Investors and a certain managed account on March 17, 2016.
Shares held in an account separately managed by Lone Star Value Management (the "Separately Managed Account I"). Lone Star Value Management, as the investment manager of the Separately Managed Account I, may be deemed to beneficially own the shares of Common Stock held in the Separately Managed Account I; and Jeffrey Eberwein, as the sole member of Lone Star Value Management may be deemed to beneficially own the shares of Common Stock held in the Separately Managed Account I for purposes of Section 16. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
On December 30, 2016, Lone Star Value Investors entered into an Exchange Agreement with the Issuer, pursuant to which the 5% Convertible Note (the "Note") held by Lone Star Value Investors was returned to the Issuer and cancelled in exchange for shares of the Issuer's 9.00% Series A Cumulative Preferred Stock, par value $0.01 per share, which is non-convertible and perpetual preferred stock of the Issuer. As a result of the exchange transaction, no principal or interest remained outstanding or payable under the Note and the Note was no longer convertible into shares of common stock of the Issuer.