4//SEC Filing
Pointer David William 4
Accession 0001654954-23-013072
CIK 0000091668other
Filed
Oct 17, 8:00 PM ET
Accepted
Oct 18, 8:08 AM ET
Size
6.8 KB
Accession
0001654954-23-013072
Insider Transaction Report
Form 4
Pointer David William
Director
Transactions
- Other
Common Stock
2023-10-16$10.70/sh−67,054$717,478→ 0 total(indirect: See Footnote) - Other
Common Stock
2023-10-16$10.70/sh+6,188$66,212→ 29,188 total
Footnotes (2)
- [F1]These shares were owned by VI Capital Fund LP, for which Mr. Pointer is the managing partner. In prior reports, Mr. Porter reported the beneficial ownership of the 67,054 shares of Solitron. VI Capital is in the process of liquidating. As part of the process partners had the option of receiving cash or shares of common stock in Solitron. VI Capital agreed to sell 35,000 shares not being distributed to Cedar Creek Partners LLC, managed by Tim Eriksen, Solitron's CEO, and 19,482 shares not being distributed to Mark Matson, Solitron's COO, at the mid point between the bid and ask price on October 11, 2023 which was $10.70 per share.
- [F2]These securities were distributed from VI Capital, a fund managed by Mr. Pointer, that is in the process of liquidating. Mr. Pointer had the option of receiving cash or shares of Solitron in the liquidation. Mr. Pointer chose shares of Solitron in proportion to his ownership in VI Capital Fund.
Documents
Issuer
SOLITRON DEVICES INC
CIK 0000091668
Entity typeother
Related Parties
1- filerCIK 0001592839
Filing Metadata
- Form type
- 4
- Filed
- Oct 17, 8:00 PM ET
- Accepted
- Oct 18, 8:08 AM ET
- Size
- 6.8 KB