SEC Form 4 · accession 0001325533-16-000019

Electromed, Inc. · ELMD

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Red Oak Partners, LLC

10% Owner

Period of report

Feb 16, 2016

Accepted (ET)

Feb 22, 2016 · 7:12 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001488917

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F7,F1,F6	Feb 16, 2016	P	19,589	$3.518	A	846,444	I	By The Red Oak Fund, L.P. directly
Common Stock^F7,F3,F6	Feb 16, 2016	P	9,399	$3.518	A	855,843	I	By The Red Oak Long Fund, L.P. directly
Common Stock^F7,F4,F6	Feb 16, 2016	P	19,852	$3.518	A	875,695	I	By The Red Oak Institutional Founders Long Fund, L.P. directly
Common Stock^F7,F2,F6	Feb 16, 2016	P	14,491	$3.518	A	890,186	I	By Pinnacle Opportunities Fund, LP directly
Common Stock^F7,F5,F6	Feb 16, 2016	P	4,293	$3.518	A	894,479	I	By Wolverine Trading, LLC directly
Common Stock^F8,F1,F6	Feb 17, 2016	P	7,473	$3.563	A	901,952	I	By The Red Oak Fund, L.P. directly
Common Stock^F8,F3,F6	Feb 17, 2016	P	3,586	$3.563	A	905,538	I	By The Red Oak Long Fund, L.P. directly
Common Stock^F8,F4,F6	Feb 17, 2016	P	7,574	$3.563	A	913,112	I	By The Red Oak Institutional Founders Long Fund, L.P. directly
Common Stock^F8,F2,F6	Feb 17, 2016	P	5,529	$3.563	A	918,641	I	By Pinnacle Opportunities Fund, LP directly
Common Stock^F8,F5,F6	Feb 17, 2016	P	1,638	$3.563	A	920,279	I	By Wolverine Trading, LLC directly
Common Stock^F9,F1,F6	Feb 18, 2016	P	1,039	$3.597	A	921,318	I	By The Red Oak Fund, L.P. directly
Common Stock^F9,F3,F6	Feb 18, 2016	P	499	$3.597	A	921,817	I	By The Red Oak Long Fund, L.P. directly
Common Stock^F9,F4,F6	Feb 18, 2016	P	1,053	$3.597	A	922,870	I	By The Red Oak Institutional Founders Long Fund, L.P. directly
Common Stock^F9,F2,F6	Feb 18, 2016	P	769	$3.597	A	923,639	I	By Pinnacle Opportunities Fund, LP directly
Common Stock^F9,F5,F6	Feb 18, 2016	P	228	$3.597	A	923,867	I	By Wolverine Trading, LLC directly

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.
F2ROP serves as a managing member of Pinnacle Capital Partners, LLC, a Florida limited liability company ("Pinnacle Partners"). Pinnacle Partners is the general partner of Pinnacle Opportunities Fund, LP, a Delaware limited partnership ("Pinnacle Fund"), the direct owner of the subject securities.
F3ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager.
F4ROP serves as the general partner of The Red Oak Institutional Founders Long Fund, LP, a Delaware limited partnership (the "Founders Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Founders Fund's portfolio manager.
F5ROP serves as the investment manager and has trading and voting authority over shares held in a separate managed account held by Wolverine Trading LLC ("Wolverine"). David Sandberg is the managing member of ROP.
F6Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
F7This transaction was executed in multiple trades at prices ranging from $3.38 to $3.60. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.
F8This transaction was executed in multiple trades at prices ranging from $3.52 to $3.60. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.
F9This transaction was executed in multiple trades at prices ranging from $3.59 to $3.60. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.