SEC Form 4 · accession 0001398344-17-012263
Firsthand Technology Value Fund, Inc. · SVVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin M Landis
Officer — President and CEO · Director
Period of report
Sep 22, 2017
Accepted (ET)
Sep 25, 2017 · 3:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001495584
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 22, 2017 | P | 39,016 | $9.00 | A | 39,016 | I | By Firsthand Capital Management, Inc. |
| Common Stock | holding | — | — | — | 204,148 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Put Option (obligation to buy)F2 | $9.00 | Sep 22, 2017 | S | 39,016 | D | Sep 22, 2018 | Sep 22, 2018 | Common Stock | 39,016 | 39,016 | I |
Explanation of responses
- F1On September 22, 2017, the Reporting Person, the issuer and certain other parties entered into a settlement agreement (the "Settlement Agreement") with the seller. In connection therewith, the Reporting Person agreed to purchase 39,016 shares of common stock at $9.00 per share and to pay certain other cash consideration.
- F2Pursuant to the Settlement Agreement, the Reporting Person agreed to purchase up to 39,016 shares of common stock on the one year anniversary of the agreement at $9.00 per share and to pay certain other cash consideration.