SEC Form 4 · accession 0001058854-17-000001
Health Insurance Innovations, Inc. · HIIQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
CANNELL CAPITAL LLC
10% Owner
Period of report
Jan 19, 2017
Accepted (ET)
Jan 20, 2017 · 5:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001561387
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jan 19, 2017 | S | 236,791 | $19.7655 | D | 938,321 | I | By partnerships and corporations |
| Common StockF1,F2,F3 | Jan 20, 2017 | S | 130,661 | $20.3994 | D | 807,660 | I | By partnerships and corporations |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As of January 20, 2017 Tristan Offshore Fund Limited ("Tristan Offshore"), Tristan Partners, L.P. ("Tristan"), and sundry separately-managed accounts managed by Cannell Capital LLC, ("Cannell SMAs" collectively with Tristan Offshore and Tristan the "Funds") collectively owned in the aggregate 807,660 shares of common stock, with par value of $0.001 per Class A share of Health Insurance Innovations, Inc. ("the Company")
- F2Cannell Capital LLC acts as the investment adviser to Tristan Offshore, and is the general partner of and investment adviser to Tristan. As a result, Mr. Cannell possesses sole power to vote and direct the disposition of all securities of the Company held by the Funds. Mr. J. Carlo Cannell is the sole managing member of Cannell Capital LLC. Thus, for the purposes of Reg. Section 240.13d-3, as of January 20, 2017 Mr. Cannell is deemed to beneficially own 807,660 shares. Mr. Cannell's interest in the securities reported herein is limited to the extent of his pecuniary interest in each of the Funds, if any.
- F3From the sale transactions dated January 19, 2017, Cannell Capital LLC realized short-swing profits of $2,252.33 on 150 shares of the Company purchased October 28, 2016 at a price of $4.75 per share. Cannell Capital LLC has voluntarily disgorged these profits to the Company.