SEC Form 4 · accession 0001209191-16-101040
HAWAIIAN HOLDINGS INC · HA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zac Hirzel
Director
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 5:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001172222
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Feb 18, 2016 | S | 84,307 | $38.5713 | D | 195,246 | I | See footnote |
| Common StockF4,F2,F3 | Feb 18, 2016 | S | 4,679 | $39.1342 | D | 190,567 | I | See footnote |
| Common StockF1,F2,F5 | Feb 18, 2016 | S | 1,926 | $38.5713 | D | 4,459 | I | See footnote |
| Common StockF4,F2,F5 | Feb 18, 2016 | S | 107 | $39.1342 | D | 4,352 | I | See footnote |
| Common StockF1,F2,F6 | Feb 18, 2016 | S | 7,467 | $38.5713 | D | 17,293 | I | See footnote |
| Common StockF4,F2,F6 | Feb 18, 2016 | S | 414 | $39.1342 | D | 16,879 | I | See footnote |
| Common Stock | holding | — | — | — | 7,952 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $38.10 to $39.05 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F2The filing of this Form 4 shall not be construed as an admission that Hirzel Capital Management LLC ("Hirzel Capital") or Zac S. Hirzel, the President of Hirzel Capital, is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Common Stock of the Issuer purchased by certain private funds to which Hirzel Capital serves as the general partner or managing member. Pursuant to Rule 16a-1, both Hirzel Capital and Mr. Hirzel disclaim such beneficial ownership.
- F3Following the sales, Hirzel Capital holds indirectly 190,567 shares of Common Stock of the Issuer through the account of a private fund ("Account 1"), for which Hirzel Capital is the general partner. Hirzel Capital receives a portion of the profits in the form of a capital allocation from, and owns a partnership interest in, Account 1. Zac S. Hirzel reports the Common Stock held indirectly by Account 1 because, as the President of Hirzel Capital at the time of sale, he controlled the disposition and voting of the securities.
- F4The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $39.12 to $39.16 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F5Following the sales, Hirzel Capital holds indirectly 4,352 shares of Common Stock of the Issuer through the account of a private fund ("Account 2"), for which Hirzel Capital is the general partner. Hirzel Capital receives a portion of the profits in the form of a capital allocation from, and owns a partnership interest in, Account 2. Zac S. Hirzel reports the Common Stock held indirectly by Account 2 because, as the President of Hirzel Capital at the time of sale, he controlled the disposition and voting of the securities.
- F6Following the sales, Hirzel Capital holds indirectly 16,879 shares of Common Stock of the Issuer through the account of a private fund ("Account 3"), for which Hirzel Capital is the managing member. Hirzel Capital receives a portion of the profits in the form of a capital allocation from, and owns a membership interest in Account 3. Zac Hirzel reports the Common Stock held indirectly by Account 3 because, as the President of Hirzel Capital, he controls the disposition and voting of the securities.