SEC Form 4 · accession 0001140361-17-036124
BUILD-A-BEAR WORKSHOP INC · BBW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Sep 19, 2017
Accepted (ET)
Sep 21, 2017 · 4:10 pm 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,F3 | Sep 19, 2017 | S | 17,500 | $9.0292 | D | 1,360,500 | I | Holding of BML Investment Partners, L.P. |
| Common StockF2,F3 | Sep 20, 2017 | S | 4,881 | $8.9657 | D | 1,355,619 | I | Holding of BML Investment Partners, L.P. |
| Common StockF4 | holding | — | — | — | 141,773 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the sale of shares in [ 159] separate transactions, ranging in price from $9.00 to $9.10, resulting in a weighted average sale price per share of $9.0292. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.
- F2Represents the sale of shares in [47] separate transactions, ranging in price from $8.95 to $9.00, resulting in a weighted average sale price per share of $8.9657. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.
- F3BML 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.
- F4Reflects a reduction of 7,477 restricted shares that were forfeited in accordance with the terms of the applicable restricted stock award agreement following Reporting Person's resignation from the Board of Directors.