SEC Form 4 · accession 0001398344-19-004285
Firsthand Technology Value Fund, Inc. · SVVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin M Landis
Officer — President · Director
Period of report
Mar 5, 2019
Accepted (ET)
Mar 6, 2019 · 5:01 pm EST
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 |
|---|---|---|---|---|---|---|---|---|
| Firsthand Technology Value Fund, Inc. | Mar 5, 2019 | S | 3,479 | $13.04 | D | 212,669 | D | |
| Firsthand Technology Value Fund, Inc. | Mar 5, 2019 | S | 200 | $13.085 | D | 212,469 | D | |
| Firsthand Technology Value Fund, Inc. | Mar 5, 2019 | P | 3,679 | $13.0499 | A | 216,148 | D | |
| Firsthand Technology Value Fund, Inc. | holding | — | — | — | 105,804 | I | By Firsthand Capital Management, Inc. |
Table II — derivative securities
No Table II lines on this filing.
Remarks
The reported sale and then purchase transactions were caused by a change of service provider of the 401(k) retirement plan maintained by Firsthand Capital Management, Inc. As part of that transition (which involves moving existing 401(k) plan assets from one retirement plan to another retirement plan), a sale of all existing securities held in the old plan was required. Net holdings of the reporting person did not change as a result of those transactions. The Board of Directors reviewed these transactions in advance and approved measures to avoid the realization of any profits by the reporting person.