Bakay Berke 4
4 · KONA GRILL INC · Filed May 11, 2018
Insider Transaction Report
Form 4
KONA GRILL INCKONA
Bakay Berke
Director10% Owner
Transactions
- Purchase
Common Stock
2018-05-04$1.78/sh+492,997$880,000→ 492,997 total
Holdings
- 152,602(indirect: By Trust)
Common Stock
- 1,330,000(indirect: By BBS Capital Fund, LP)
Common Stock
Footnotes (2)
- [F1]Shares held by the Bakay Family Trust for the benefit of the Reporting Person's children
- [F2]On May 2, 2018, Kona Grill, Inc. (the "Company") entered into a Subscription Agreement with the Reporting Person, pursuant to which the Reporting Person agreed to acquire 492,997 shares of the Company's common stock at a purchase price of $1.785 per share, which is equal to 105% of the most recent closing bid price of the Company's common stock prior to entry into the Subscription Agreement. The transaction closed on May 4, 2018.