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Filing Details

Accession Number:: 0001437749-17-008774
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-05-11 16:12:05
Reporting Period:: 2017-05-11

Filing Date:: 2017-05-11
Accepted Time:: 2017-05-11 16:12:05
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1265572	Kona Grill Inc	KONA	Retail-Eating Places (5812)	200216690

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1434431	Bbs Capital Fund Lp	5524 East Estrid Avenue Scottsdale AZ 85254		No	No	Yes	No
1453410	Berke Bakay	15059 North Scottsdale Road, Suite 300 Scottsdale AZ 85254	President And Ceo	Yes	Yes	Yes	No
1453528	Bbs Capital, Llc	5524 East Estrid Avenue Scottsdale AZ 85254		Yes	No	Yes	No
1453529	Bbs Capital Management, Lp	5524 East Estrid Avenue Scottsdale AZ 85254		Yes	No	Yes	No
1453530	Bbs Capital Gp, Lp	5524 East Estrid Avenue Scottsdale AZ 85254		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2017-05-11	50,000	$4.83	1,280,000	No	4	P	Indirect	By Fund

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Fund

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	92,602	Direct

Footnotes

Price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $4.75 to $4.90, inclusive. The reporting persons undertake to provide Kona Grill, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range specified above.
The filing of this Form 4 shall not be constructed as an admission that BBS Capital Management, LP ("BBS Management"), BBS Capital GP, LP ("BBS GP"), BBS Capital, LLC ("BBS Capital") or Mr. Berke Bakay are or were for the purpose of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the shares of common stock, par value $0.01 per share ("Common Stock"), of Kona Grill, Inc. (the "Issuer") owned by BBS Capital Fund, LP (the "Fund"). Mr Bakay, BBS GP, BBS Management and BBS Capital each disclaim any such beneficial ownership except to the extent of their pecuniary interest.
The Fund beneficially owns 1,280,000 shares of Common Stock of the Issuer as of May 11, 2017 BBS GP, as general partner of the Fund, BBS Capital, as the general partner of BBS GP, and Mr. Bakay may be deemed to have an indirect pecuniary interest in such shares due to the performance allocation from the Fund and their direct or indirect partnership interests in the Fund. BBS Management, as investment manager to the Fund receives an asset-based management fee from the Fund and, therefore, has no pecuniary interest.