Hale Steven A II 4
4 · HG Holdings, Inc. · Filed Jul 2, 2019
Insider Transaction Report
Form 4
Hale Steven A II
DirectorChairman and CEO10% Owner
Transactions
- Award
Common Stock, par value $0.02 per share
2019-06-28+333,333→ 333,333 total
Footnotes (4)
- [F1]Restricted stock award will vest on June 28, 2022.
- [F2]Does not include an aggregate of 2,492,068 shares of Common Stock held directly by Clark - Hale Fund, L.P., MGEN II - Hale Fund, L.P., and Hale Partnership Fund, L.P. (collectively, the "Hale Funds"). Hale Partnership Capital Advisors, LLC ("Hale GP") is general partner to each of the Hale Funds, Hale Partnership Capital Management, LLC ("Hale Advisor") is investment manager to each of the Hale Funds, and the Reporting Person is a principal of each of Hale GP and Hale Advisor, and as such, each of Hale GP, Hale Advisor, and the Reporting Person may be deemed to be the beneficial owner of the shares held directly by the Hale Funds. Each of the Hale Funds, Hale GP, Hale Advisor and the Reporting Person has disclaimed any beneficial ownership of the shares held directly by the Hale Funds except to the extent of his or its pecuniary interest.
- [F3]Does not include 725,464 shares of Common Stock held in a discretionary separately managed account (the "Managed Account") for which Hale Advisor serves as investment manager. Each of Hale Advisor and the Reporting Person may be deemed to be beneficial owner of the shares held in the Managed Account. The Reporting Person has disclaimed beneficial ownership of the shares held in the Managed Account except to the extent of his pecuniary interest.
- [F4]Ending balance has been adjusted to remove restricted stock award awarded in 2018 that was scheduled to vest on May 10, 2019 but for which required performance metrics were not met.