SEC Form 4 · accession 0001209191-16-128259

CCA INDUSTRIES INC · CAW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

LION FUND, L.P.

10% Owner

BIGLARI CAPITAL CORP.

10% Owner

Sardar Biglari

Director · 10% Owner

Period of report

Jun 14, 2016

Accepted (ET)

Jun 16, 2016 · 5:29 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000721447

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, par value $0.01 per share^F1,F3,F2,F4	Jun 14, 2016	S$0	776,259	—	D	0	I	By The Lion Fund, L.P.
Common Stock, par value $0.01 per share^F1,F3,F5,F6	Jun 14, 2016	P$0	776,259	—	A	776,259	I	By Biglari Holdings Inc.

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Sell)^{F1,F3,F2,F4,F7}	$6.00	Jun 14, 2016	S	776,259	D	Jan 1, 2019	Jan 31, 2019	Common Stock	776,259	0	I
Stock Option (Right to Sell)^{F1,F3,F5,F6,F7}	$6.00	Jun 14, 2016	P	776,259	A	Jan 1, 2019	Jan 31, 2019	Common Stock	776,259	776,259	I

Explanation of responses

F1This Form 4 is filed jointly by Sardar Biglari, The Lion Fund, L.P. ("The Lion Fund"), and Biglari Capital Corp. ("BCC"). Each of Mr. Biglari, the Lion Fund and BCC disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
F2Securities formerly owned directly by The Lion Fund.
F3On June 14, 2016, The Lion Fund distributed 776,259 shares of Common Stock to Biglari Holdings Inc. ("BH") pursuant to an agreement (the "Stockholders Agreement") that grants BH the put right described in footnote 7. In exchange for that distribution and the other rights under the Stockholders Agreement, BH was redeemed from limited partnership interests in The Lion Fund worth approximately $4,463,489.
F4BCC is the general partner of The Lion Fund. Mr. Biglari is the Chairman and Chief Executive Officer of BCC and has investment discretion over the securities owned by The Lion Fund. By virtue of these relationships, BCC and Mr. Biglari may have been deemed to beneficially own the shares of Common Stock of the Issuer owned directly by The Lion Fund.
F5Securities owned directly by BH.
F6Mr. Biglari is the Chairman and Chief Executive Officer of BH and has investment discretion over the securities owned by BH. By virtue of this relationship, Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by BH.
F7The Stock Option is exercisable for 30 days beginning January 1, 2019 or upon the earlier occurrence of certain events.