4//SEC Filing
PITON CAPITAL PARTNERS LLC 4
Accession 0001567619-19-022367
CIK 0001031623other
Filed
Nov 26, 7:00 PM ET
Accepted
Nov 27, 4:22 PM ET
Size
6.8 KB
Accession
0001567619-19-022367
Insider Transaction Report
Form 4
PITON CAPITAL PARTNERS LLC
10% Owner
Transactions
- Purchase
Common Stock
2019-11-21$4.52/sh+249,258$1,126,646→ 1,798,362 total
Footnotes (3)
- [F1]Piton Capital Partners LLC, a Delaware limited liability company ("Piton") and family client of Kokino LLC ("Kokino"), also reports beneficial ownership of the Issuer's common stock pursuant to Rule 13d-1 of the Securities Exchange Act of 1934, as amended, pursuant to a Schedule 13D filed by Piton with the SEC on March 22, 2018, as amended on April 6, 2018, April 25, 2018, November 6, 2018 and November 21, 2019.
- [F2]Indicates shares of the Issuer's common stock ("Shares") beneficially owned by Piton. Piton's managing member is Piton Capital Management LLC ("PCM"). PCM's managing member is Kokino, and Kokino is Piton's trading manager. Robert Averick, who is currently a director of the Issuer, manages Piton's investment in the Issuer as Kokino's Portfolio Manager. Mr. Averick holds an economic interest in Piton (which interest may be held directly and, from time to time, indirectly through PCM). Also, Mr. Averick's incentive compensation as an employee of Kokino, which is calculated in Kokino's discretion, may be based, among other things, on the performance of Shares held by Piton. Such compensation may be paid in cash and/or by way of increasing Mr. Averick's minority interest in Piton (either directly or indirectly through PCM).
- [F3]The price reported in Column 4 is a weighted average price rounded to the nearest hundredth. These shares were purchased in multiple transactions at prices ranging from $4.40 to $4.75. Piton undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of Shares purchased at each separate price within the ranges set forth in footnote (3) to this Form 4.
Documents
Issuer
GULF ISLAND FABRICATION INC
CIK 0001031623
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001644342
Filing Metadata
- Form type
- 4
- Filed
- Nov 26, 7:00 PM ET
- Accepted
- Nov 27, 4:22 PM ET
- Size
- 6.8 KB