SEC Form 4 · accession 0001437749-18-009643
KONA GRILL INC · KONA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Berke Bakay
Officer — President and CEO · Director · 10% Owner
Period of report
May 4, 2018
Accepted (ET)
May 11, 2018 · 5:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001265572
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | May 4, 2018 | P | 492,997 | $1.785 | A | 492,997 | D | |
| Common StockF1 | holding | — | — | — | 152,602 | I | By Trust | |
| Common Stock | holding | — | — | — | 1,330,000 | I | By BBS Capital Fund, LP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares held by the Bakay Family Trust for the benefit of the Reporting Person's children
- F2On May 2, 2018, Kona Grill, Inc. (the "Company") entered into a Subscription Agreement with the Reporting Person, pursuant to which the Reporting Person agreed to acquire 492,997 shares of the Company's common stock at a purchase price of $1.785 per share, which is equal to 105% of the most recent closing bid price of the Company's common stock prior to entry into the Subscription Agreement. The transaction closed on May 4, 2018.