SEC Form 4 · accession 0001140361-16-066055
BLUE SPHERE CORP. · BLSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
LAZARUS INVESTMENT PARTNERS LLLP
10% Owner
Justin B Borus
10% Owner
Lazarus Management Co LLC
10% Owner
Period of report
May 9, 2016
Accepted (ET)
May 17, 2016 · 6:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001419582
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F7,F8 | May 9, 2016 | L | 50,000 | $0.0789 | A | 58,460,564 | I | See Footnotes |
| Common StockF1,F3,F7,F8 | May 10, 2016 | L | 5,000 | $0.083 | A | 58,465,564 | I | See Footnotes |
| Common StockF1,F4,F7,F8 | May 11, 2016 | L | 20,000 | $0.0813 | A | 58,485,564 | I | See Footnotes |
| Common StockF1,F5,F7,F8 | May 12, 2016 | L | 51,000 | $0.0804 | A | 58,536,564 | I | See Footnotes |
| Common StockF1,F6,F7,F8 | May 16, 2016 | P | 85,000 | $0.0755 | A | 58,621,564 | I | See Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares of common stock were purchased directly by Lazarus Israel Opportunities Fund II LLLP ("Lazarus Israel II").
- F2The Price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.078 to $0.0847, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F3The Price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.0827 to $0.0837, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F4The Price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.0811 to $0.0825, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F5The Price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.0804 to $0.0819, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F6The Price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.075 to $0.079, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F7This form is filed jointly by Lazarus Management Company LLC ("Lazarus Management"), Justin B. Borus, Lazarus Israel Opportunities Fund LLLP ("Lazarus Israel I"), Lazarus Israel II and Lazarus Investment Partners LLLP ("Lazarus Partners" and together with Lazarus Israel I and Lazarus Israel II, the "Funds"). The securities reported herein are owned directly by the Funds as follows: (i) Lazarus Israel I owns 41,682,641 shares of common stock and 12,500,000 warrants; (ii) Lazarus Israel II owns 8,138,447 shares of common stock and 2,727,273 warrants; and (iii) Lazarus Partners owns 8,800,476 shares of common stock and 2,272,728 warrants. Lazarus Management is the investment adviser and general partner of the Funds and Mr. Borus is the manager of Lazarus Management.
- F8Each of Lazarus Management and Mr. Borus expressly disclaims beneficial ownership of the securities held by the Funds except to the extent of his or its pecuniary interest therein. Each of the Funds expressly disclaims beneficial ownership of the shares held by the other Funds. The filing of this Form 4 shall not be construed as an admission that either Lazarus Management or Mr. Borus, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, is the beneficial owner of any of the securities reported herein.