SEC Form 4 · accession 0001104659-18-068848
Williams Industrial Services Group Inc. · WLMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nelson Obus
Director · 10% Owner
Period of report
Nov 13, 2018
Accepted (ET)
Nov 15, 2018 · 6:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001136294
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par value per shareF2,F3,F1 | Nov 13, 2018 | P | 39,700 | $1.8711 | A | 3,207,418 | I | See Footnote |
| Common Stock, $0.01 par value per shareF2,F4,F1 | Nov 14, 2018 | P | 31,300 | $1.8976 | A | 3,238,718 | I | See Footnote |
| Common Stock, $0.01 par value per share | holding | — | — | — | 54,819 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As of the date of this Form 4, Mr. Obus is (i) a principal executive officer of Wynnefield Capital, Inc., which is the sole investment manager of Wynnefield Small Cap Value Offshore Fund, Ltd., which beneficially owns 1,011,671 shares of the issuer's common stock; (ii) a co-managing member of Wynnefield Capital Management, LLC, which is the sole general partner of Wynnefield Partners Small Cap Value, L.P. I, which beneficially owns 1,120,988 shares of the issuer's common stock, and the sole general partner of Wynnefield Partners Small Cap Value, L.P., which beneficially owns 1,006,054 shares of the issuer's common stock; and (iii) a co-trustee of Wynnefield Capital, Inc. Profit Sharing & Money Purchase Plan, which beneficially owns 100,005 shares of the issuer's common stock. Mr. Obus disclaims beneficial ownership of the securities described in this footnote except to the extent of his pecuniary interest.
- F2Of the aggregate number of shares purchased on each of November 13, 2018 and November 14, 2018, Wynnefield Partners Small Cap Value, L.P. I purchased 11,910 shares and 9,390 shares, respectively, while the other Wynnefield entities disclosed in footnote 1 purchased 27,790 shares and 21,910 shares, respectively.
- F3Represents the weighted average purchase price of multiple transactions. The reporting person hereby undertakes to provide, upon request by the U.S. Securities and Exchange Commission staff, the issuer or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.
- F4Represents the weighted average purchase price of multiple transactions. The reporting person hereby undertakes to provide, upon request by the U.S. Securities and Exchange Commission staff, the issuer or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.
Remarks
Effective June 29, 2018, the issuer changed its legal name from "Global Power Equipment Group Inc." to "Williams Industrial Services Group Inc." and its trading symbol from "GLPW" to "WLMS."