Statement of Changes in Beneficial Ownership (4)
December 30 2019 - 5:07PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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HEYER ANDREW R |
2. Issuer Name and Ticker or Trading Symbol
Lovesac Co
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LOVE
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O MISTRAL EQUITY PARTNERS, 650 FIFTH AVENUE, 10TH FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/26/2019 |
(Street)
NEW YORK, NY 10019
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, par value $0.00001 | 12/26/2019 | | P | | 2500 | A | $14.0865 (1) | 16960 | D | |
Common Stock, par value $0.00001 | | | | | | | | 2193599 | I | See Footnote (2)(3) |
Common Stock, par value $0.00001 | | | | | | | | 430304 | I | See Footnote (2)(4) |
Common Stock, par value $0.00001 | | | | | | | | 154433 | I | See Footnote (2)(5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (6) | | | | | | | (7) | (7) | Common Stock | 3245 | | 3245 | D | |
Restricted Stock Units | (6) | | | | | | | (8) | (8) | Common Stock | 3245 | | 3245 | D | |
Warrants to Purchase Common Stock | $16 | | | | | | | 5/30/2017 | 6/29/2021 | Common Stock | 75000 | | 75000 | I | See Footnote (2)(3) |
Warrants to Purchase Common Stock | $16 | | | | | | | 5/30/2017 | 6/29/2021 | Common Stock | 90000 | | 90000 | I | See Footnote (2)(9) |
Warrants to Purchase Common Stock | $16 | | | | | | | 10/19/2017 | 6/29/2021 | Common Stock | 74200 | | 74200 | I | See Footnote (2)(5) |
Explanation of Responses: |
(1) | The price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions ranged from $13.9892 to $14.1285, inclusive. Upon request of the SEC staff or the issuer, the reporting person will provide full information regarding the number of shares purchased at each separate price. |
(2) | By reason of the provisions of Rule 16a-1 of the Exchange Act, Mr. Heyer may be deemed to have beneficial ownership of certain of the securities that are beneficially owned by Mistral Sac Holdings 2, LLC ("MSH2"), Mistral Sac Holdings 3, LLC ("MSH3"), Mistral Sac Holdings 4, LLC ("MSH4") and the Mistral Funds (as defined below). Mr. Heyer disclaims beneficial ownership of the securities owned by MSH2, MSH3, MSH4 and the Mistral Funds, except to the extent of Mr. Heyer's pecuniary interest therein. |
(3) | These securities are held by Mistral Equity Partners, LP, Mistral Equity Partners QP, LP and MEP Co-Invest, LLC (collectively, the "Mistral Funds"), each of which is controlled by Mr, Heyer. |
(4) | These securities are held by MSH2. |
(5) | These securities are held by MSH4. |
(6) | Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the registrant's common stock. |
(7) | The reporting person received a grant of 3,245 RSUs, of which 100% are subject vesting on the first anniversary of the October 2, 2019 grant date. |
(8) | The reporting person received a grant of 3,245 RSUs, of which 50% are subject vesting on the first anniversary of the October 2, 2019 grant date and 50% are subject vesting on the second anniversary of the grant date. |
(9) | These securities are held by MSH3. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
HEYER ANDREW R C/O MISTRAL EQUITY PARTNERS 650 FIFTH AVENUE, 10TH FLOOR NEW YORK, NY 10019 | X | X |
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Signatures
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/s/ Andrew R. Heyer | | 12/30/2019 |
**Signature of Reporting Person | Date |
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