SEC Form 4 · accession 0001409171-17-000049
Titan Machinery Inc. · TITN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tony Christianson
Director
Period of report
Jun 23, 2017
Accepted (ET)
Jun 23, 2017 · 4:04 pm 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 StockF1,F2 | Jun 23, 2017 | J | 25,000 | — | D | 175,000 | I | Adam Smith Fund, LLC |
| Common StockF3 | holding | — | — | — | 87,531 | I | By Adam Smith Companies, LLC | |
| Common Stock | holding | — | — | — | 33,678 | D | ||
| Common StockF4 | holding | — | — | — | 6,071 | I | By Cherry Tree Companies, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On June 23, 2017, Adam Smith Fund, LLC distributed an aggregate of 25,000 shares of Common Stock to two investors in connection with a distribution of such shares of Common Stock in redemption of ownership interests in Adam Smith Fund, LLC held by such investors. Neither of these investors are directly or indirectly controlled by the Reporting Person or his affiliates.
- 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 Adam Smith Companies, 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.
- F4Reporting person owns a controlling interest in Cherry Tree Companies, 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.