Filing Details

Accession Number:
0000921895-20-002101
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-08-05 16:50:21
Reporting Period:
2020-08-05
Accepted Time:
2020-08-05 16:50:21
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1697851 Rekor Systems Inc. REKR () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1169337 Alan Robert Berman C/O Rekor Systems, Inc.
7172 Columbia Gateway Drive, Suite 400
Columbia MD 21046
Chief Executive Officer Yes Yes Yes No
1513361 Avon Road Partners, L.p. 10000 Town Center Ave
Columbia MD 21044
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 2020-08-05 2,725,836 $2.57 2,747,836 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 3,337,104 Indirect By Avon Road Partners, L.P.
Footnotes
  1. On August 5, 2020, Robert A. Berman (the "Reporting Person") entered into a Stock Purchase Agreement (the "Agreement") with James K. McCarthy (the "Seller") to purchase 2,725,836 shares of common stock of Rekor Systems Inc. (the "Common Stock") at a price of approximately $2.57 per share. The closing of the transaction is conditioned upon the Reporting Person's payment of: (i) $200,000 which amount has been received as of the date of the Agreement; and (ii) $6,800,000 no later than forty-five days from the date of the Agreement (the "Purchase Price"). Upon payment of the Purchase Price, the Seller shall transfer ownership of the Common Stock to the Reporting Person.
  2. The Reporting Person is the general partner of Avon Road Partners, L.P.