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Filing Details

Accession Number:: 0000921895-18-001097
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-03-28 17:32:53
Reporting Period:: 2018-03-26

Accepted Time:: 2018-03-28 17:32:53
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
914712	Steel Connect Inc.	STCN	Services-Business Services, Nec (7389)	042921333

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1290237	Jr Theodore William Fejes	590 Madison Avenue 32Nd Floor New York NY 10022		Yes	No	No	Yes

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, $0.01 Par Value	Disposition	2018-03-26	90,411	$2.19	459,589	No	4	S	Direct
Common Stock, $0.01 Par Value	Disposition	2018-03-27	79,589	$2.10	380,000	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Footnotes

The reporting person is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock. The reporting person disclaims beneficial ownership of the shares of Common Stock of the Issuer owned directly by the other members of the Section 13(d) group except to the extent of his pecuniary interest therein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.13 to $2.26, inclusive. The reporting person undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price such shares were sold.
Includes 105,000 shares of restricted stock subject to prior shareholder approval and the reporting person's continuous service with the Issuer from the grant date through the vesting date; 5,000 of which will vest, in their entirety, on the day the price of the Issuer's common stock shall have closed at or above $2.00 per share for any five consecutive business days after the grant date; 50,000 of which will vest, in their entirety, on the day the price of the Issuer's common stock shall have closed at or above $2.25 per share for any five consecutive business days after the grant date; and 50,000 of which will vest, in their entirety, on the day the price of the Issuer's common stock shall have closed at or above $2.50 per share for any five consecutive business days after the grant date.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.0041 to $2.16, inclusive. The reporting person undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price such shares were sold.