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Filing Details

Accession Number:: 0001104659-20-052573
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-04-28 19:23:01
Reporting Period:: 2020-04-24

Accepted Time:: 2020-04-28 19:23:01
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1528930	Franchise Group Inc.	FRG	()	DE

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1099408	Kahn Capital Management Llc	4705 S. Apopka Vineland Road Suite 206 Orlando FL 32819		No	No	Yes	No
1455976	Randall Brian Kahn	4705 S. Apopka Vineland Road Suite 206 Orlando FL 32819	Chief Executive Officer	Yes	Yes	Yes	No
1511498	Vintage Capital Management Llc	4705 S. Apopka Vineland Road Suite 206 Orlando FL 32819		No	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	2020-04-24	150,000	$10.00	2,173,590	No	4	P	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	12,721,043	Indirect	Please see footnotes

Footnotes

Includes 1,022,217.00 shares of Common Stock received by Brian Kahn and Lauren Kahn, tenants by the entirety, as a pro rata distribution from Vintage RTO, L.P. ("Vintage RTO"), an Investment Vehicle (as defined below), on April 24, 2020. In prior reports, the Reporting Persons (as defined below) reported indirect beneficial ownership of 2,233,218.53 shares of Common Stock held by Vintage RTO, all of which were distributed to limited partners of Vintage RTO pro rata based on each limited partner's economic ownership interest in Vintage RTO on April 24, 2020.
2,172,217.00 of these shares of Common Stock are owned by Brian Kahn and Lauren Kahn as tenants by the entirety.
In prior reports, the Reporting Persons reported indirect beneficial ownership of 2,233,218.53 shares of Common Stock held by Vintage RTO, all of which were distributed to limited partners of Vintage RTO pro rata based on each limited partner's economic ownership interest in Vintage RTO on April 24, 2020. See footnote (1).
In addition to Vintage Capital Management, LLC, a Delaware limited liability company ("Vintage Capital"), this Form 4 is being filed jointly by Kahn Capital Management, LLC, a Delaware limited liability company ("Kahn Capital"), and Mr. Kahn (together with Vintage Capital and Kahn Capital, the "Reporting Persons"), a citizen of the United States of America, each of whom has the same business address as Vintage Capital. Kahn Capital, as a member and the majority owner of Vintage Capital, may be deemed to have the power to direct the voting and disposition of the shares of Common Stock beneficially owned by Vintage Capital, and may be deemed to be the indirect beneficial owner of such shares. Kahn Capital disclaims beneficial ownership of such shares for all other purposes, except to the extent of its pecuniary interest therein.
Mr. Kahn, who serves as (A) the manager and sole member of Kahn Capital; (B) the manager and a member of Vintage Capital; and (C) the manager or other control person of entities that, directly or indirectly, control investment vehicles for which the Reporting Persons, directly or indirectly, act as general partner, manager, investment advisor, control person or in similar capacities (collectively, the "Investment Vehicles"), which Investment Vehicles own shares of Common Stock, may be deemed to have the power to direct the voting and disposition of the shares of Common Stock beneficially owned by Vintage Capital and Kahn Capital, and may be deemed to be the indirect beneficial owner of such shares. Mr. Kahn disclaims beneficial ownership of such shares for all other purposes, except to the extent of his pecuniary interest therein.