SEC Form 4 · accession 0001209191-19-000484
Great Lakes Dredge & Dock CORP · GLDD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan Levenson
Director
Period of report
Dec 31, 2018
Accepted (ET)
Jan 2, 2019 · 7:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001372020
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 35,816 | D | ||
| Common StockF1 | holding | — | — | — | 3,021,625 | I | By Privet Fund LP | |
| Common StockF2 | holding | — | — | — | 148,500 | I | By Managed Account of Privet Fund Management LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF3 | — | Dec 31, 2018 | A | 6,495 | A | — | — | Common Stock | 6,495 | 30,404 | D |
Explanation of responses
- F1Represents shares owned directly by Privet Fund LP ("Privet Fund"). Mr. Levenson, solely by virtue of his position as the managing member of Privet Fund Management LLC ("Privet Fund Management"), the general partner and investment manager of Privet Fund, may be deemed to beneficially own the shares owned directly by Privet Fund for purposes of Section 16. Mr. Levenson disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F2Represents shares held in an account separately managed by Privet Fund Management (the "Privet Fund Account"). Mr. Levenson, solely by virtue of his position as the managing member of Privet Fund Management, the investment manager of the Privet Fund Account, may be deemed to beneficially own the shares held in the Privet Fund Account for purposes of Section 16. Mr. Levenson expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F3Deferred Stock Units ("DSUs") granted December 31, 2018 and deferred pursuant to the Company's Director Deferral Plan. The DSUs will be payable in common stock on a 1-for-1 basis on the date upon which Mr. Levenson's board service ends.