SEC Form 3 · accession 0001144204-15-043288
Point.360 · PTSX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, no par valueF1 | holding | — | — | — | 479,283 | D | ||
| Common Stock, no par valueF2 | holding | — | — | — | 1,018,476 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F3 | $0.75 | holding | — | — | — | Jul 8, 2015 | Jul 7, 2020 | Common Stock, no par value | 351,713 | — | D |
| Warrants (right to buy)F4 | $0.75 | holding | — | — | — | Jul 8, 2015 | Jul 7, 2020 | Common Stock, no par value | 747,391 | — | D |
Explanation of responses
- F1These shares of Common Stock are held by Medley Capital Corporation.
- F2These shares of Common Stock are held by Medley Opportunity Fund II LP. Medley Opportunity Fund II LP may be deemed to be a ten percent owner of the Issuer.
- F3These warrants are held by Medley Capital Corporation.
- F4These warrants are held by Medley Opportunity Fund II LP.
Remarks
Medley Capital Corporation ("MCC") may be deemed to be a member of a "group" with Medley Opportunity Fund II LP ("MOF II") for purposes of Section 13(d) of the Exchange Act. The reporting persons expressly disclaim the existence of a group, as well as beneficial ownership of the shares of common stock held by the other reporting person. MCC is externally managed by MCC Advisors LLC ("MCC Advisors"). Medley LLC is the holding company for MCC Advisors. MOF II GP LLC is the general partner of MOF II and MOF II Management LLC is the investment adviser for MOF II. MOF II Management LLC is controlled by Medley LLC. MOF II GP LLC is controlled by Medley GP Holdings LLC, a wholly-owned subsidiary of Medley LLC (together with MCC Advisors, MOF II GP LLC, MOF II Management LLC and Medley LLC, the "Medley Management Entities"). Medley LLC is controlled by Brook Taube, Seth Taube, and Jeff Tonkel (the "Principals"). Each of the Principals and the Medley Management Entities expressly disclaim beneficial ownership of the securities held by the reporting persons except with respect to any pecuniary interest therein.