SEC Form 4 · accession 0000919574-17-008654
FREQUENCY ELECTRONICS INC · FEIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
EDENBROOK LONG ONLY VALUE FUND, LP
10% Owner
Edenbrook Capital, LLC
Director · 10% Owner
Jonathan Brolin
Director · 10% Owner
Period of report
Dec 18, 2017
Accepted (ET)
Dec 19, 2017 · 6:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039020
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $1.00 par valueF1,F2 | Dec 18, 2017 | P | 6,300 | $8.7843 | A | 985,601 | I | See Footnote |
| Common Stock, $1.00 par valueF2 | Dec 19, 2017 | P | 1,500 | $9.00 | A | 987,101 | I | See Footnote |
| Common Stock, $1.00 par valueF3 | holding | — | — | — | 268,504 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction was executed in multiple trades ranging from $8.75 to $8.85. The price reported reflects the weighted average purchase price. The Reporting Persons hereby undertake to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of Issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2These securities are beneficially owned directly by Edenbrook Long Only Value Fund, LP, a private fund managed by Edenbrook Capital, LLC and may be deemed to be beneficially owned by Edenbrook Capital, LLC by virtue of its role as the investment manager of such private fund. In addition, Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC.
- F3These securities are held in the account of another private fund managed by Edenbrook Capital, LLC and may be deemed to be beneficially owned by Edenbrook Capital, LLC by virtue of its role as the investment manager of such private funds. In addition, Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.