3//SEC Filing
PITON CAPITAL PARTNERS LLC 3
Accession 0001140361-18-026814
CIK 0001052054other
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 4:03 PM ET
Size
5.8 KB
Accession
0001140361-18-026814
Insider Transaction Report
Form 3
PITON CAPITAL PARTNERS LLC
10% Owner
Holdings
- 1,250,000
Common Stock
Footnotes (3)
- [F1]The Issuer's public filings on May 15, 2018 indicate a decrease in the number of shares outstanding, which the Reporting Person has been advised is due to a change in the way which the Issuer calculates outstanding shares. As a result of the Issuer's change, the Reporting Person's holdings of Common Stock exceed 10% of the shares outstanding.
- [F2]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 and November 28, 2017.
- [F3]Represents 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. Mr. 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, which is calculated in Kokino's discretion, may be based, among other things, on the performance of Shares held by Piton. Such compensation may be paid in cash and/or by way of increasing Mr. Averick's minority interest in Piton (either directly or indirectly through PCM).
Documents
Issuer
EVOLVING SYSTEMS INC
CIK 0001052054
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001644342
Filing Metadata
- Form type
- 3
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 4:03 PM ET
- Size
- 5.8 KB