SEC Form 4 · accession 0001209191-16-132999
QUALSTAR CORP · QBAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lloyd I Miller III
10% Owner
Period of report
Jul 14, 2016
Accepted (ET)
Jul 18, 2016 · 2:48 pm EDT
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,F2 | Jul 14, 2016 | S | 1,005 | $5.00 | D | 183,799 | I | By Trust A-4 - Lloyd I. Miller |
| Common StockF3,F1 | Jul 15, 2016 | S | 23,983 | $5.052 | D | 159,816 | I | By Trust A-4 - Lloyd I. Miller |
| Common StockF1,F2 | holding | — | — | — | 8,333 | I | By Milfam LLC | |
| Common StockF1,F2 | holding | — | — | — | 1,049 | I | By Trust A-3 - Lloyd I. Miller | |
| Common StockF1,F2 | holding | — | — | — | 94,018 | I | By Milfam II L.P. | |
| Common StockF1,F2 | holding | — | — | — | 3,333 | I | By LIMFAM LLC | |
| Common StockF1,F2 | holding | — | — | — | 6,983 | I | By Milfam III L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. This filing shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this filing.
- F2On June 14, 2016, the issuer effected a one-for-six reverse stock split. As a result, the number of shares beneficially owned by the reporting person at such time were reduced accordingly.
- F3The price in Column 4 is a weighted average price. The price acutally paid ranged from $5.00 to $5.25 per share. The reporting person will provide the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regading the number of shares purchased at each price within the range.