Filing Details
- Accession Number:
- 0001437749-17-011211
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-06-13 16:51:43
- Reporting Period:
- 2017-06-09
- Filing Date:
- 2017-06-13
- Accepted Time:
- 2017-06-13 16:51:43
- SEC Url:
- Form 4 Filing
Issuer
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1325533 | Red Oak Partners, Llc | 1441 Broadway Suite 5022 New York NY 10018 | No | No | Yes | No | |
1423093 | David Sandberg | 1969 Sw 17Th St. Boca Raton FL 33486 | Yes | No | Yes | 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 | Acquisiton | 2017-06-09 | 1,650 | $1.29 | 552,788 | No | 4 | P | Indirect | By Pinnacle Opportunities Fund, LP directly |
Common Stock | Acquisiton | 2017-06-12 | 12,100 | $1.29 | 564,888 | No | 4 | P | Indirect | By Pinnacle Opportunities Fund, LP directly |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | By Pinnacle Opportunities Fund, LP directly |
No | 4 | P | Indirect | By Pinnacle Opportunities Fund, LP directly |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 66,603 | Indirect | By The Red Oak Institutional Founders Long Fund LP directly |
Common Stock | 663,881 | Indirect | By David Sandberg Directly |
Common Stock | 1,088,470 | Indirect | By the Red Oak Fund LP directly |
Common Stock | 523,679 | Indirect | By the Red Oak Long Fund LP directly |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Restricted Stock Unit | $1.33 | 2017-12-12 | 2017-12-12 | 15,038 | 35,268 | Direct |
Common Stock | Stock Options | $1.80 | 2015-12-11 | 2025-12-11 | 20,230 | 20,230 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2017-12-12 | 15,038 | 35,268 | Direct |
2025-12-11 | 20,230 | 20,230 | Direct |
Footnotes
- ROP serves as a managing member of Pinnacle Capital Partners, LLC, a Florida limited liability company ("Pinnacle Partners"). Pinnacle Partners is the general partner of Pinnacle Opportunities Fund, LP, a Delaware limited partnership ("Pinnacle Fund"), the direct owner of the subject securities.
- Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
- This transaction was executed in multiple trades at prices ranging from $1.29 to $1.295. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.
- This transaction was executed in multiple trades at prices ranging from $1.27 to $1.295. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.
- ROP serves as the general partner of The Red Oak Institutional Founders Long Fund, LP, a Delaware limited partnership (the "Founders Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Founders Fund's portfolio manager.
- Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.
- ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager.