4//SEC Filing
KONA GRILL INC 4
Accession 0001437749-17-008774
CIK 0001265572operating
Filed
May 10, 8:00 PM ET
Accepted
May 11, 4:12 PM ET
Size
12.9 KB
Accession
0001437749-17-008774
Insider Transaction Report
Form 4
KONA GRILL INCKONA
Bakay Berke
Director10% Owner
Transactions
- Purchase
Common Stock
2017-05-11$4.83/sh+50,000$241,720→ 1,280,000 total(indirect: By Fund)
Holdings
- 92,602
Common Stock
BBS CAPITAL FUND LP
Director10% Owner
Transactions
- Purchase
Common Stock
2017-05-11$4.83/sh+50,000$241,720→ 1,280,000 total(indirect: By Fund)
Holdings
- 92,602
Common Stock
BBS Capital GP, LP
Director10% Owner
Transactions
- Purchase
Common Stock
2017-05-11$4.83/sh+50,000$241,720→ 1,280,000 total(indirect: By Fund)
Holdings
- 92,602
Common Stock
BBS Capital, LLC
Director10% Owner
Transactions
- Purchase
Common Stock
2017-05-11$4.83/sh+50,000$241,720→ 1,280,000 total(indirect: By Fund)
Holdings
- 92,602
Common Stock
BBS Capital Management, LP
Director10% Owner
Transactions
- Purchase
Common Stock
2017-05-11$4.83/sh+50,000$241,720→ 1,280,000 total(indirect: By Fund)
Holdings
- 92,602
Common Stock
Footnotes (3)
- [F1]Price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $4.75 to $4.90, inclusive. The reporting persons undertake to provide Kona Grill, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range specified above.
- [F2]The filing of this Form 4 shall not be constructed as an admission that BBS Capital Management, LP ("BBS Management"), BBS Capital GP, LP ("BBS GP"), BBS Capital, LLC ("BBS Capital") or Mr. Berke Bakay are or were for the purpose of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the shares of common stock, par value $0.01 per share ("Common Stock"), of Kona Grill, Inc. (the "Issuer") owned by BBS Capital Fund, LP (the "Fund"). Mr Bakay, BBS GP, BBS Management and BBS Capital each disclaim any such beneficial ownership except to the extent of their pecuniary interest.
- [F3]The Fund beneficially owns 1,280,000 shares of Common Stock of the Issuer as of May 11, 2017 BBS GP, as general partner of the Fund, BBS Capital, as the general partner of BBS GP, and Mr. Bakay may be deemed to have an indirect pecuniary interest in such shares due to the performance allocation from the Fund and their direct or indirect partnership interests in the Fund. BBS Management, as investment manager to the Fund receives an asset-based management fee from the Fund and, therefore, has no pecuniary interest.
Documents
Issuer
KONA GRILL INC
CIK 0001265572
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001265572
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 4:12 PM ET
- Size
- 12.9 KB