SEC Form 4 · accession 0001140361-15-040758
AMBASE CORP · ABCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
ISZO CAPITAL LP
10% Owner
ISZO CAPITAL MANAGEMENT LP
10% Owner
Brian L. Sheehy
10% Owner
ISZO CAPITAL GP LLC
10% Owner
Period of report
Nov 9, 2015
Accepted (ET)
Nov 12, 2015 · 12:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000020639
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par valueF1,F2,F3 | Nov 9, 2015 | P | 133,113 | $2.2516 | A | 7,435,532 | I | By IsZo Capital LP |
| Common Stock, $0.01 par valueF1,F2,F3 | Nov 11, 2015 | P | 79,700 | $2.27 | A | 7,515,232 | I | By IsZo Capital LP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is filed jointly by IsZo Capital Management LP ("IsZo Capital Management"), IsZo Capital LP (the "Fund"), IsZo Capital GP LLC ("IsZo Capital GP"), and Brian L. Sheehy (collectively, the "Reporting Persons").
- F2Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.
- F3Shares are owned directly by the Fund. Each of IsZo Capital Management and IsZo Capital GP as the investment manager and general partner, respectively, of the Fund, and Brian L. Sheehy, as the president of the general partner of IsZo Capital Management and the managing member of IsZo Capital GP, may be deemed to beneficially own the shares of Common Stock owned directly by the Fund.