LAWNDALE CAPITAL MANAGEMENT LLC 4
4 · P&F INDUSTRIES INC · Filed Jan 14, 2021
Insider Transaction Report
Form 4
LAWNDALE CAPITAL MANAGEMENT LLC
10% Owner
Transactions
- Other
Common Stock
2021-01-12−75,311→ 402,029 total(indirect: See Note 1) - Gift
Common Stock
2021-01-12−986→ 19,105 total - Other
Common Stock
2021-01-12+15,591→ 20,091 total
Footnotes (4)
- [F1]Lawndale Capital Management LLC ("Lawndale") is the investment adviser and general partner of Diamond A Partners, L. P. ("DAP"). Andrew E. Shapiro is Lawndale's manager and controlling owner. These securities are held directly by DAP for the benefit of its investors. The securities may be deemed to be beneficially owned by Lawndale as the investment adviser and general partner of DAP 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]DAP distributed these securities in kind to investors in DAP.
- [F3]Mr. Shapiro received these shares in the distribution described in footnote 2 through his capital account as a limited partner in DAP. He holds the securities so distributed directly.
- [F4]This gift was made by Mr. Shapiro out of the shares he owns directly.