SEC Form 4 · accession 0001409171-16-000138
Titan Machinery Inc. · TITN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tony Christianson
Director
Period of report
Oct 6, 2016
Accepted (ET)
Oct 11, 2016 · 9:47 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001409171
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 6, 2016 | M | 2,667 | $4.50 | A | 29,696 | D | |
| Common StockF1 | holding | — | — | — | 87,531 | I | By Adam Smith Companies, LLC | |
| Common StockF2 | holding | — | — | — | 200,000 | I | Adam Smith Fund, LLC | |
| Common StockF3 | holding | — | — | — | 6,071 | I | By Cherry Tree Companies, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy) | $4.50 | Oct 6, 2016 | M | 2,667 | D | Feb 1, 2007 | Feb 1, 2017 | Common Stock | 2,667 | 0 | D |
Explanation of responses
- F1Reporting person owns a controlling interest in Adam Smith Companies, LLC which owns the shares and owned the exercised warrants. Reporting person expressly disclaims beneficial ownership except to the extent of his pecuniary interest in the entity owning the shares.
- F2Reporting person owns a controlling interest in Adam Smith Fund, LLC which owns the shares. Reporting person expressly disclaims beneficial ownership except to the extent of his pecuniary interest in the entity owning the shares.
- F3Reporting person owns a controlling interest in Cherry Tree Companies, LLC which owns the shares and owned the exercised warrants. Reporting person expressly disclaims beneficial ownership except to the extent of his pecuniary interest in the entity owning the shares.