SEC Form 4 · accession 0000921895-16-004522
US GEOTHERMAL INC · HTM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
JCP Investment Management, LLC
10% Owner
JCP Investment Partners, LP
10% Owner
JCP Investment Holdings, LLC
10% Owner
James C Pappas
10% Owner
Period of report
May 11, 2016
Accepted (ET)
May 13, 2016 · 5:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001172136
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3 | May 11, 2016 | P | 242,929 | $0.7602 | A | 7,486,520 | I | By: JCP Drawdown Partnership III, LP |
| Common StockF1,F3 | May 12, 2016 | P | 137,270 | $0.7512 | A | 7,623,790 | I | By: JCP Drawdown Partnership III, LP |
| Common StockF1,F3 | May 13, 2016 | P | 109,065 | $0.7661 | A | 7,732,855 | I | By: JCP Drawdown Partnership III, LP |
| Common StockF1,F2 | holding | — | — | — | 5,630,160 | I | By: JCP Investment Partnership, LP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is filed jointly by JCP Investment Partnership, LP ("JCP Partnership"), JCP Drawdown Partnership III, LP ("JCP Drawdown III"), JCP Investment Partners, LP ("JCP Partners"), JCP Investment Holdings, LLC ("JCP Holdings"), JCP Investment Management, LLC ("JCP Management") and James C. Pappas (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.
- F2Represents shares of Common Stock owned directly by JCP Partnership. JCP Partners, as the general partner of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Holdings, as the general partner of JCP Partners, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Management, as the investment manager of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. Mr. Pappas, as the managing member of JCP Management and the sole member of JCP Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership.
- F3Represents shares of Common Stock owned directly by JCP Drawdown III. JCP Partners, as the general partner of JCP Drawdown III, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Drawdown III. JCP Holdings, as the general partner of JCP Partners, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Drawdown III. JCP Management, as the investment manager of JCP Drawdown III, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Drawdown III. Mr. Pappas, as the managing member of JCP Management and the sole member of JCP Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Drawdown III.