4//SEC Filing
FREIDHEIM STEPHEN C 4
Accession 0001382963-18-000042
CIK 0001591956other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 8:26 PM ET
Size
25.1 KB
Accession
0001382963-18-000042
Insider Transaction Report
Form 4
CYRUS CAPITAL PARTNERS GP, LLC
10% Owner
Transactions
- Sale
Common Stock
2018-02-21−196,725→ 822,471 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-22$2.21/sh−212,490$469,709→ 609,981 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-23$2.21/sh−200,000$441,380→ 409,981 total(indirect: See Footnote)
CRS Master Fund, L.P.
10% Owner
Transactions
- Sale
Common Stock
2018-02-22$2.21/sh−212,490$469,709→ 609,981 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-21−196,725→ 822,471 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-23$2.21/sh−200,000$441,380→ 409,981 total(indirect: See Footnote)
Cyrus Capital Advisors, L.L.C.
10% Owner
Transactions
- Sale
Common Stock
2018-02-22$2.21/sh−212,490$469,709→ 609,981 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-23$2.21/sh−200,000$441,380→ 409,981 total(indirect: See Footnote) - Sale
Common Stock
2018-02-21−196,725→ 822,471 total(indirect: See Footnotes)
FBC HOLDINGS S.A.R.L.
10% Owner
Transactions
- Sale
Common Stock
2018-02-22$2.21/sh−212,490$469,709→ 609,981 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-21−196,725→ 822,471 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-23$2.21/sh−200,000$441,380→ 409,981 total(indirect: See Footnote)
CYRUS CAPITAL PARTNERS, LP
10% Owner
Transactions
- Sale
Common Stock
2018-02-22$2.21/sh−212,490$469,709→ 609,981 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-21−196,725→ 822,471 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-23$2.21/sh−200,000$441,380→ 409,981 total(indirect: See Footnote)
CRESCENT 1 LP
10% Owner
Transactions
- Sale
Common Stock
2018-02-21−196,725→ 822,471 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-22$2.21/sh−212,490$469,709→ 609,981 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-23$2.21/sh−200,000$441,380→ 409,981 total(indirect: See Footnote)
Transactions
- Sale
Common Stock
2018-02-21−196,725→ 822,471 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-22$2.21/sh−212,490$469,709→ 609,981 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-23$2.21/sh−200,000$441,380→ 409,981 total(indirect: See Footnote)
FREIDHEIM STEPHEN C
10% Owner
Transactions
- Sale
Common Stock
2018-02-21−196,725→ 822,471 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-22$2.21/sh−212,490$469,709→ 609,981 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-23$2.21/sh−200,000$441,380→ 409,981 total(indirect: See Footnote)
Transactions
- Sale
Common Stock
2018-02-21−196,725→ 822,471 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-22$2.21/sh−212,490$469,709→ 609,981 total(indirect: See Footnotes) - Sale
Common Stock
2018-02-23$2.21/sh−200,000$441,380→ 409,981 total(indirect: See Footnote)
Footnotes (8)
- [F1]The shares of common stock ("Common Shares") sold were owned directly by FBC.
- [F2]The price per share reported in Column 4 is a weighted average price. These Common Shares were sold in multiple transactions at prices ranging US$2.39560 to US$2.64470. The Reporting Persons undertake to provide full information regarding the number of Common Shares sold at each price to the Commission upon request.
- [F3]Upon completion of the sale by FBC of 196,725 Common Shares of the Issuer, Cyrus Opportunities Master Fund II, Ltd. ("Cyrus Opportunities") directly owns 18,934 Common Shares of the Issuer; CRS Master Fund, L.P. ("CRS") directly owns 6,058 Common Shares of the Issuer; Crescent I, L.P. ("Crescent") directly owns 6,961 Common Shares of the Issuer; Cyrus Select Opportunities Master Fund, Ltd. ("Cyrus Select") directly owns 3,057 Common Shares of the Issuer; and FBC Holdings S.a r.l. ("FBC) directly owns 787,641 Common Shares of the Issuer.
- [F4]This statement is being filed by Cyrus Capital Partners, L.P. ("Cyrus"), FBC , Cyrus Capital Partners GP, L.L.C. ("Cyrus GP"), Cyrus Opportunities, CRS , Crescent , Cyrus Select , Cyrus Capital Advisors, L.L.C. ("Cyrus Advisors") and Stephen C. Freidham (each of Cyrus, FBC, Cyrus GP, Cyrus Opportunities, CRS, Crescent, Cyrus Select, Cyrus Advisors and Mr. Freidheim, collectively the "Reporting Persons"). FBC, a wholly owned subsidiary of Cyrus Opportunities, CRS, Crescent, Cyrus Select and Cyrus Europe Master Fund, Ltd., each of which are private investment funds engaged in the business of acquiring, holding and disposing of investments in various companies.
- [F5]Cyrus is the manager of FBC and the investment manager of each private fund holding an interest in FBC. Cyrus GP is the general partner of Cyrus. Cyrus Advisors is the general partner of Crescent and CRS. Mr. Freidheim is the manager of Cyrus GP and Cyrus GP is the managing member of Cyrus Advisors. Mr. Freidheim is also the Chief Investment Officer of Cyrus.
- [F6]Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that each Reporting Person was, for the purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities of the Issuer held by the Reporting Persons, and such beneficial ownership was and is expressly disclaimed by the Reporting Persons except to the extent of their pecuniary interest.
- [F7]Such sales were conducted by the following entities and in the following amounts: Cyrus Opportunities sold 18,934 Common Shares of the Issuer; CRS sold 6,058 Common Shares of the Issuer; Crescent sold 6,961 shares of Common Shares of the Issuer; Cyrus Select sold 3,057 Common Shares of the Issuer; and FBC sold 177,480 Common Shares of the Issuer. Upon completion of these sales, FBC is the direct owner of the remaining 609,981 Common Shares owned by the Reporting Persons.
- [F8]The Common Shares are owned directly by FBC.
Documents
Issuer
Sphere 3D Corp
CIK 0001591956
Entity typeother
Related Parties
1- filerCIK 0001251783
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 8:26 PM ET
- Size
- 25.1 KB