LAWNDALE CAPITAL MANAGEMENT LLC 4
4 · P&F INDUSTRIES INC · Filed Jan 10, 2020
Insider Transaction Report
Form 4
LAWNDALE CAPITAL MANAGEMENT LLC
10% Owner
Transactions
- Purchase
Common Stock
2018-02-09$7.23/sh+1,000$7,230→ 503,873 total(indirect: See Note) - Other
Common Stock
2020-01-08+5,928→ 5,928 total - Other
Common Stock
2020-01-08−26,533→ 477,340 total(indirect: See Note) - Gift
Common Stock
2020-01-09−1,428→ 4,500 total
Footnotes (4)
- [F1]Lawndale Capital Management, LLC ("Lawndale") is the investment adviser and general partner of investment limited partnerships (the "Partnerships"). Andrew E. Shapiro is Lawndale's manager and controlling owner. These securities are held directly by the Partnerships for the benefit of their investors. The securities may be deemed to be indirectly beneficially owned by Lawndale as the investment adviser and general partner of the Partnerships and by Mr. Shapiro as the control person of Lawndale. Each of Lawndale and Mr. Shapiro disclaims beneficial ownership of such securities except to the extent of that person's pecuniary interest therein. This Form 4 is being filed on behalf of Lawndale and Mr. Shapiro, and Mr. Shapiro is executing it individually and as manager of Lawndale.
- [F2]One of the Partnerships distributed these securities in kind to investors in that Partnership.
- [F3]Mr. Shapiro received these shares in the distribution described in Footnote 2 indirectly as Lawndale's controlling owner through Lawndale's capital account in the distributing Partnership and directly through his capital account as a limited partner in that Partnership. He holds the securities so distributed directly.
- [F4]This gift was made by Mr. Shapiro out of the shares he owns directly.