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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Warrant to purchase common stock | $ 3.5 | 08/18/2020 | J | 48,387 (1) | 05/31/2019 | 05/31/2022 | Common Stock | 48,387 | $ 0 | 327,957 | I | See Footnote | |||
Warrant to purchase common stock | $ 3.5 | 08/19/2020 | J | 48,387 (1) | 05/31/2019 | 05/31/2022 | Common Stock | 48,387 | $ 0 | 279,570 (2) | I | See Footnote |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Stiefel Sean 747 THIRD AVENUE 35TH FLOOR NEW YORK, NY 10017 |
X |
/s/ Sean Stiefel | 08/20/2020 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The Reporting Person is a manager and Chief Executive Officer of Navy Capital Green Management, LLC ("NCG") and a manager of Navy Capital Green Management Partners, LLC ("NCGMP") and Navy Capital Green Co-Invest Partners, LLC ("NCGCP"). NCGMP is the general partner of Navy Capital Green Fund, LP (the "Fund"). NCGCP is the manager of Navy Capital Green Co-Invest Fund, LLC (the "Co-Invest Fund"). NCG is the investment manager of the Fund and the Co-Invest Fund. On each of August 18 and August 19, 2020, the Co-Invest Fund distributed 96,774 shares of common stock and warrants to purchase 48,387 shares of common stock without the payment of consideration as an in-kind distribution to each of an individual and Aiello Family Trust. Following the distributions, the Co-Invest Fund no longer owns any shares of the Issuer and the Reporting Person indirectly owns a total of 777,546 shares of common stock through the Fund. |
(2) | Following the distributions on August 18 and August 19, 2020, the Reporting Person owns options to purchase 175,000 shares of common stock, and indirectly owns warrants to purchase a total of 279,570 shares of common stock through the Fund. |