SEC Form 3 · accession 0001019056-17-000420
Modular Medical, Inc. · MODD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
MANCHESTER MANAGEMENT CO LLC
10% Owner
Manchester Explorer, L.P.
10% Owner
James E Besser
Director · 10% Owner
Morgan C. Frank
Director · 10% Owner
Period of report
Apr 26, 2017
Accepted (ET)
May 5, 2017 · 10:44 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001074871
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per share.F1,F2 | holding | — | — | — | 2,900,000 | D | ||
| Common Stock, par value $0.001 per share.F2,F3 | holding | — | — | — | 2,900,000 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 3 is being filed by Manchester Explorer, L.P., Manchester Management Company, LLC, James E. Besser and Morgan C. Frank as 10% Owners, and by Messrs. Frank and Besser as Director.
- F2The reported securities are directly owned by Manchester Explorer, L.P., a Delaware limited partnership ("Manchester Explorer").
- F3Manchester Management Company, LLC, a Delaware limited liability company ("Manchester Management"), provides investment management services to Manchester Explorer. The reported securities may be deemed indirectly beneficially owned by Manchester Management as a result of it being the general partner of Manchester Explorer. The reported securities may also be deemed to be indirectly beneficially owned by James E. Besser, as a Managing Member of Manchester Management and by Morgan C. Frank, who serves as a portfolio manager and a consultant of Manchester Management. Each of the Reporting Persons disclaim beneficial ownership of the reported securities and warrants except to the extent of their pecuniary interest therein. Messrs. Besser and Frank are also Directors of the Issuer.