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Filing Details

Accession Number:: 0001104659-21-039763
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-22 17:00:49
Reporting Period:: 2021-03-18

Accepted Time:: 2021-03-22 17:00:49
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1052054	Evolving Systems Inc	EVOL	Services-Computer Programming Services (7371)	841010843

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1644342	Piton Capital Partners Llc	C/O Kokino Llc 201 Tresser Boulevard, 3Rd Floor Stamford CT 06901		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	Disposition	2021-03-18	251,100	$5.28	998,900	No	4	S	Direct

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

Footnotes

Piton Capital Partners LLC, a Delaware limited liability company ("Piton") and family client of Kokino LLC ("Kokino"), also reports beneficial ownership of the Issuer's common stock pursuant to Rule 13d-1 of the Securities Exchange Act of 1934, as amended, pursuant to a Schedule 13D filed by Piton with the SEC on April 27, 2017, as amended on June 13, 2017, August 3, 2017, November 13, 2017, November 28, 2017 and March 22, 2021.
Indicates shares of the Issuer's common stock ("Shares") beneficially owned by Piton. Piton's managing member is Piton Capital Management LLC ("PCM"). PCM's managing member is Kokino, and Kokino is Piton's trading manager. Robert Averick manages Piton's investments in the Issuer as Kokino's Portfolio Manager. Mr. Averick holds an economic interest in Piton (which interest may be held directly and, from time to time, indirectly through PCM).
Also, Mr. Averick's incentive compensation as an employee of Kokino and incentive allocation as an owner of Piton, which are generally calculated in Kokino's discretion subject to Piton's governing documents, may be based, among other things, on the performance of Shares held by Piton. Such compensation and allocation may be paid in cash and/or by way of increasing Mr. Averick's minority interest in Piton (either directly or indirectly through PCM), as applicable.
The price reported in Column 4 is a weighted average price rounded to the nearest hundredth. These shares were purchased in multiple transactions at prices ranging from $5.62 to $5.01. Piton undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of Shares purchased at each separate price within the ranges set forth in this footnote.