SEC Form 4 · accession 0001209191-19-013799
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
Feb 22, 2019
Accepted (ET)
Feb 26, 2019 · 7:10 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 StockF1,F2 | Feb 22, 2019 | S | 175,409 | $8.2838 | D | 2,846,216 | I | By Privet Fund LP |
| Common StockF3,F2 | Feb 25, 2019 | S | 324,591 | $8.4012 | D | 2,521,625 | I | By Privet Fund LP |
| Common StockF4,F2 | Feb 26, 2019 | S | 500,000 | $8.417 | D | 2,021,625 | I | By Privet Fund LP |
| Common StockF5 | holding | — | — | — | 148,500 | I | By Managed Account of Privet Fund Management LLC | |
| Common Stock | holding | — | — | — | 35,816 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF6,F7,F8 | — | holding | — | — | — | — | — | Common | — | 30,404 | D |
Explanation of responses
- F1Represents the weighted average price. These shares were sold in multiple transactions ranging from $8.02 to $8.65, inclusive. Upon request by the Commission staff, the issuer or security holder of the issuer, the reporting person, will provide information regarding the number of shares disposed of at each separate price.
- F2Represents 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.
- F3Represents the weighted average price. These shares were sold in multiple transactions ranging from $8.285 to $8.54, inclusive. Upon request by the Commission staff, the issuer or security holder of the issuer, the reporting person, will provide information regarding the number of shares disposed of at each separate price.
- F4Represents the weighted average price. These shares were sold in multiple transactions ranging from $8.32 to $8.54, inclusive. Upon request by the Commission staff, the issuer or security holder of the issuer, the reporting person, will provide information regarding the number of shares disposed of at each separate price.
- F5Represents 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.
- F6Deferred Stock Units ("DSUs") 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.
- F7Not Applicable.
- F8No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.