SEC Form 4 · accession 0001104659-19-003155
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
Jan 22, 2019
Accepted (ET)
Jan 24, 2019 · 4:15 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 | Jan 22, 2019 | A | 32,653 | $0.00 | A | 87,472 | D | |
| Common Stock, $0.01 par value per shareF1 | holding | — | — | — | 3,603,045 | I | See Footnote |
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 1,041,671 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 1,210,988 shares of the issuer's common stock, and the sole general partner of Wynnefield Partners Small Cap Value, L.P., which beneficially owns 1,186,054 shares of the issuer's common stock; and (iii) a co-trustee of Wynnefield Capital, Inc. Profit Sharing & Money Purchase Plan, which beneficially owns 164,332 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.
- F2Consists of restricted shares, 8,163 of which will vest on January 22 of each of 2020, 2021, and 2022 and 8,164 of which will vest on January 22, 2023. The vesting of the grants disclosed herein is subject to continued service as a director through the vesting and accelerated vesting in the event of certain terminations. Any shares that do not vest will be forfeited.