Sandberg David 4
4 · SMTC CORP · Filed Jun 27, 2019
Insider Transaction Report
Form 4
SMTC CORPSMTX
Sandberg David
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2019-06-25$3.14/sh+52,282$164,165→ 2,339,595 total(indirect: By The Red Oak Fund, LP directly) - Exercise of In-Money
Subscription Rights (right to buy)
2019-06-25−27,879→ 0 total(indirect: By The Red Oak Long Fund, LP directly)Exercise: $3.14From: 2019-05-31Exp: 2019-06-25→ Common Stock (27,879 underlying) - Exercise of In-Money
Common Stock
2019-06-25$3.14/sh+27,879$87,540→ 980,926 total(indirect: By The Red Oak Long Fund, LP directly) - Exercise of In-Money
Subscription Rights (right to buy)
2019-06-25−52,282→ 0 total(indirect: By The Red Oak Fund, LP directly)Exercise: $3.14From: 2019-05-31Exp: 2019-06-25→ Common Stock (52,282 underlying)
Holdings
- 1,820,182(indirect: By The Red Oak Institutional Founders Long Fund, LP directly)
Common Stock
- 1,053,838
Common Stock
Footnotes (6)
- [F1]Represents the exercise of over-subscription rights by the reporting person in the offering of subscription rights (the "Rights Offering") by SMTC Corporation, which Rights Offering expired on June 20, 2019. All over-subscriptions in the Rights Offering were subject to proration. On June 25, 2019, the subscription agent for the Rights Offering completed its proration calculations, pursuant to which the reporting person recived its pro rata portion of the shares issued pursuant to all rights holders' over-subscription privileges.
- [F2]Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
- [F3]Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager.
- [F4]Includes 766,968 shares of common stock that were transferred from Pinnacle Opportunities Fund, LP, a Delaware limited partnership ("Pinnacle Fund"), to The Red Oak Fund, LP., a Delaware limited partnership (the "Fund"), on December 31, 2018. ROP served as a managing member of Pinnacle Capital Partners, LLC, a Florida limited liability company ("Pinnacle Partners") and general partner of Pinnacle Fund.
- [F5]ROP serves as the general partner of The Fund, the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.
- [F6]ROP serves as the general partner of The Red Oak Institutional Founders Long Fund, LP, a Delaware limited partnership (the "Founders Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Founders Fund's portfolio manager.