4//SEC Filing
PITON CAPITAL PARTNERS LLC 4
Accession 0001104659-21-039763
CIK 0001052054other
Filed
Mar 21, 8:00 PM ET
Accepted
Mar 22, 5:00 PM ET
Size
7.0 KB
Accession
0001104659-21-039763
Insider Transaction Report
Form 4
PITON CAPITAL PARTNERS LLC
10% Owner
Transactions
- Sale
Common Stock
2021-03-18$5.28/sh−251,100$1,325,808→ 998,900 total
Footnotes (4)
- [F1]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.
- [F2]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).
- [F3]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.
- [F4]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.
Documents
Issuer
EVOLVING SYSTEMS INC
CIK 0001052054
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001644342
Filing Metadata
- Form type
- 4
- Filed
- Mar 21, 8:00 PM ET
- Accepted
- Mar 22, 5:00 PM ET
- Size
- 7.0 KB