SEC Form 4 · accession 0001638599-16-000913
JAMBA, INC. · JMBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James C Pappas
Director
Period of report
May 17, 2016
Accepted (ET)
May 19, 2016 · 8:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001316898
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 17, 2016 | A | 5,295 | $0.00 | A | 12,903 | D | |
| Common StockF3 | holding | — | — | — | 407,133 | I | By: JCP Investment Partnership, LP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities reported in this column consist of restricted stock units which give the Reporting Person a contingent right to receive at a future date one share of JMBA common stock for each restricted stock unit held. Of the 5,295 restricted stock units, 1,323 will vest on 8/17/16, and 1,324 will vest on each of 11/17/16, 2/17/17, and 5/17/17 or the date of the Issuer's 2017 annual meeting of stockholders if the meeting is held before such date.
- F2The number of securities reported in this column includes 5,295 restricted stock units held by the Reporting Person as of the date of this filing.
- F3Shares owned directly by JCP Investment Partnership, LP ("JCP Partnership"). Mr. Pappas, solely by virtue of his position as the managing member of JCP Investment Management, LLC, the investment manager of JCP Partnership, and as the sole member of JCP Investment Holdings, LLC, the general partner of JCP Investment Partners, LP, which serves as the general partner of JCP Partnership, may be deemed to beneficially own the shares owned directly by JCP Partnership for purposes of Section 16. Mr. Pappas expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.