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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
75340	P&F Industries Inc	PFIN	Metalworkg Machinery & Equipment (3540)	221657413

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1267432	Lawndale Capital Management Llc	591 Redwood Highway, Suite 2345 Mill Valley CA 94941		No	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	2018-02-09	1,000	$7.23	503,873	No	4	P	Indirect	See Note
Common Stock	Disposition	2020-01-08	26,533	$0.00	477,340	No	4	J	Indirect	See Note
Common Stock	Acquisiton	2020-01-08	5,928	$0.00	5,928	No	4	J	Direct
Common Stock	Disposition	2020-01-09	1,428	$0.00	4,500	No	4	G	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Note
No	4	J	Indirect	See Note
No	4	J	Direct
No	4	G	Direct

Footnotes

Lawndale Capital Management, LLC ("Lawndale") is the investment adviser and general partner of investment limited partnerships (the "Partnerships"). Andrew E. Shapiro is Lawndale's manager and controlling owner. These securities are held directly by the Partnerships for the benefit of their investors. The securities may be deemed to be indirectly beneficially owned by Lawndale as the investment adviser and general partner of the Partnerships and by Mr. Shapiro as the control person of Lawndale. Each of Lawndale and Mr. Shapiro disclaims beneficial ownership of such securities except to the extent of that person's pecuniary interest therein. This Form 4 is being filed on behalf of Lawndale and Mr. Shapiro, and Mr. Shapiro is executing it individually and as manager of Lawndale.
One of the Partnerships distributed these securities in kind to investors in that Partnership.
Mr. Shapiro received these shares in the distribution described in Footnote 2 indirectly as Lawndale's controlling owner through Lawndale's capital account in the distributing Partnership and directly through his capital account as a limited partner in that Partnership. He holds the securities so distributed directly.
This gift was made by Mr. Shapiro out of the shares he owns directly.