Herbst Marcel 4
4 · NOBLE ROMANS INC · Filed Sep 18, 2017
Insider Transaction Report
Form 4
NOBLE ROMANS INCNROM
Herbst Marcel
Director
Transactions
- Purchase
Common Stock
2017-09-18$0.62/sh+16,000$9,904→ 510,000 total(indirect: see footnote) - Purchase
Common Stock
2017-09-14$0.61/sh+153,000$92,871→ 494,000 total(indirect: see footnote)
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $0.58 to $0.63, inclusive. The reporting person undertakes to provide to Noble Romans Corp., any security holder of Noble Romans Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
- [F2]324000 shares are held in the account of Herbst Capital Management, LLC. (the ""fund"") for which Herbst Capital Partners, LLC (the ""General Partner"") serves as its manager. Marcel Herbst is the General Manager of Herbst Capital Partners, LLC and also serves as the Portfolio Manager of Herbst Capital Management, LLC. Mr. Herbst may be deemed to beneficially own these securities held by the fund by virtue of the General Partner's position in the fund and Mr. Herbst's status as the general manager of the General Partner and his status as portfolio manager of the fund. 170000 shares are held in individual client accounts over which Marcel Herbst has discretionary trading authority. By virtue of this discretionary trading authority, these shares can be deemed beneficially owned"
- [F3]324000 shares are held in the account of Herbst Capital Management, LLC. (the ""fund"") for which Herbst Capital Partners, LLC (the ""General Partner"") serves as its manager. Marcel Herbst is the General Manager of Herbst Capital Partners, LLC and also serves as the Portfolio Manager of Herbst Capital Management, LLC. Mr. Herbst may be deemed to beneficially own these securities held by the fund by virtue of the General Partner's position in the fund and Mr. Herbst's status as the general manager of the General Partner and his status as portfolio manager of the fund. 186000 shares are held in individual client accounts over which Marcel Herbst has discretionary trading authority. By virtue of this discretionary trading authority, these shares can be deemed beneficially owned"
- [F4]The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $0.61 to $0.63, inclusive. The reporting person undertakes to provide to Noble Romans Corp., any security holder of Noble Romans Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.