SEC Form 4 · accession 0001140361-17-020355
BUILD-A-BEAR WORKSHOP INC · BBW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Braden Michael Leonard
Director · 10% Owner
Period of report
May 11, 2017
Accepted (ET)
May 15, 2017 · 11:43 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001113809
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | May 11, 2017 | A | 7,747 | — | A | 149,520 | D | |
| Common StockF4 | holding | — | — | — | 1,458,000 | I | Holding of BML Investment Partners, L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant to reporting person of 7,7477 shares of restricted stock. The shares will vest on May 11, 2018.
- F2Price is not applicable to grants of restricted stock.
- F3After giving effect to the transactions reported in this Form 4, Mr. Leonard directly owns 142,043 shares of common stock and 7,477 shares of restricted stock of Build-A-Bear Workshop, Inc. 5,847 restricted shares vested on May 12, 2017, a day after the above reported transaction. For purposes of this footnote, we have included these 5,847 shares as common stock instead of restricted, making this footnote accurate as of the date of filing
- F4BML Capital Management, LLC ("BML Capital") serves as the general partner of BML Investment Partners, L.P., a Delaware limited partnership (the "Fund"), which is the direct owner of the subject shares. Mr. Leonard is the managing member of BML Capital, and exercises investment and voting control over the subject shares. Accordingly, shares owned directly by the Fund may be regarded as being beneficially owned by Mr. Leonard. Notwithstanding, Mr. Leonard disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.