SEC Form 4 · accession 0000921895-18-001675
FAMOUS DAVES OF AMERICA INC · DAVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Kanen Wealth Management LLC
10% Owner · Other
David Kanen
10% Owner · Other
Philotimo Fund, LP
10% Owner · Other
Period of report
May 9, 2018
Accepted (ET)
May 14, 2018 · 5:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001021270
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 9, 2018 | P | 9,156 | $7.7224 | A | 136,201 | I | The Philotimo Fund LP |
| Common StockF1,F2 | May 10, 2018 | P | 11,153 | $7.7054 | A | 147,354 | I | The Philotimo Fund LP |
| Common StockF1,F2 | holding | — | — | — | 37,258 | D | ||
| Common StockF1,F2 | holding | — | — | — | 0 | I | Kanen Wealth Management LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is filed jointly by David Kanen, Kanen Wealth Management, LLC ("KWM") and the Philotimo Fund, LP (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own.
- F2Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the shares of Common Stock held in customer accounts managed by KWM (including the 37,258 shares held in Mr. Kanen's account), which includes the 147,354 shares of Common Stock held by the Philotimo Fund LP, of which KWM is the general partner. Mr. Kanen expressly disclaims such beneficial ownership except to the extent of his pecuniary interest therein. Mr. Kanen does not have a pecuniary interest in the shares of Common Stock held in customer accounts managed by KWM other than the shares held in Mr. Kanen's account.