SEC Form 4 · accession 0001104659-17-074375
QUALSTAR CORP · QBAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
BKF CAPITAL GROUP INC
10% Owner
Steven N Bronson
Officer — COB, CEO, President · Director · 10% Owner
BKF Asset Holdings, Inc.
10% Owner
Period of report
Dec 18, 2017
Accepted (ET)
Dec 20, 2017 · 7:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000758938
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F4 | Dec 18, 2017 | P | 5,000 | $7.50 | A | 14,617 | D | |
| Common StockF1 | Dec 18, 2017 | P | 5,000 | $7.60 | A | 5,000 | I | By Mr. Bronson's spouse. |
| Common StockF1 | Dec 20, 2017 | P | 1,482 | $7.80 | A | 6,482 | I | By Mr. Bronson's spouse. |
| Common StockF1,F5 | Dec 20, 2017 | P | 3,518 | $7.9514 | A | 10,000 | I | By Mr. Bronson's spouse. |
| Common StockF1,F2,F4 | holding | — | — | — | 548,085 | I | By BKF Asset Holdings, Inc. | |
| Common StockF1,F3,F4 | holding | — | — | — | 548,085 | I | By BKF Capital Group, Inc. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is filed jointly by BKF Capital Group, Inc. ("BKF Capital"), BKF Asset Holdings, Inc. ("BKF Holdings") and Steven N. Bronson (collectively, the "Reporting Persons"). 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.
- F2Represents shares of common stock owned directly by BKF Holdings. BKF Holdings is wholly owned by BKF Capital. Steven N. Bronson, as the Chairman, CEO and majority shareholder of BKF Capital and the CEO of BKF Holdings, may be deemed to be the beneficial owner of the shares of Qualstar Corporation held by BKF Holdings.
- F3Represents shares of common stock owned indirectly by BKF Capital through BFK Holdings. Steven N. Bronson, as the Chairman, CEO and majority shareholder of BKF Capital, may be deemed to be the beneficial owner of the shares of Qualstar Corporation indirectly held by BKF Capital.
- F4This Form 4 reflects a one-for-six reverse split of the Reporting Person's common stock which became effective on June 4, 2016.
- F5This transaction was executed in multiple trades at prices ranging from $7.92 to $7.9514. The price reported reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder full information regarding the number of shares and prices at which the transaction was effected.