SEC Form 4 · accession 0001012975-17-000230
Alto Ingredients, Inc. · ALTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Candlewood Investment Group, LP
10% Owner
Philip Frank DeSantis
10% Owner
David Erwin Koenig
10% Owner
Michael Jung Awn Lau
10% Owner
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 5:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000778164
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF6,F1 | Mar 15, 2017 | S | 93,724 | $6.7612 | D | 3,893,470 | I | See Footnote |
| Common StockF6,F2 | Mar 15, 2017 | S | 1,382 | $6.7612 | D | 57,402 | I | See Footnote |
| Common StockF1 | Mar 15, 2017 | S | 246,368 | $6.70 | D | 3,647,102 | I | See Footnote |
| Common StockF2 | Mar 15, 2017 | S | 3,632 | $6.70 | D | 53,770 | I | See Footnote |
| Common StockF7,F1 | Mar 16, 2017 | S | 134,162 | $6.7223 | D | 3,512,940 | I | See Footnote |
| Common StockF7,F2 | Mar 16, 2017 | S | 1,978 | $6.7223 | D | 51,792 | I | See Footnote |
| Common StockF1 | Mar 16, 2017 | S | 246,368 | $6.70 | D | 3,266,572 | I | See Footnote |
| Common StockF2 | Mar 16, 2017 | S | 3,632 | $6.70 | D | 48,160 | I | See Footnote |
| Common StockF8,F1 | Mar 17, 2017 | S | 87,712 | $6.7351 | D | 3,178,860 | I | See Footnote |
| Common StockF8,F2 | Mar 17, 2017 | S | 1,293 | $6.7351 | D | 46,867 | I | See Footnote |
| Common StockF1 | Mar 17, 2017 | S | 344,915 | $6.65 | D | 2,833,945 | I | See Footnote |
| Common StockF2 | Mar 17, 2017 | S | 5,085 | $6.65 | D | 41,782 | I | See Footnote |
| Common StockF1 | Mar 17, 2017 | S | 246,368 | $6.70 | D | 2,587,577 | I | See Footnote |
| Common StockF2 | Mar 17, 2017 | S | 3,632 | $6.70 | D | 38,150 | I | See Footnote |
| Common StockF2 | holding | — | — | — | 900,177 | I | See Footnote | |
| Common StockF2 | holding | — | — | — | 77,292 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 7,284 | D | ||
| Common StockF4 | holding | — | — | — | 2,742 | D | ||
| Common StockF5 | holding | — | — | — | 4,207 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities are directly held by Candlewood Special Situations Master Fund, Ltd. (the "Special Situations Fund"). Candlewood Investment Group, LP (the "Investment Manager") serves as the investment manager to the Special Situations Fund, and Candlewood Special Situations General, LLC (the "Fund GP") serves as the general partner of the Special Situations Fund. Candlewood Investment Group General, LLC (the "Manager GP") serves as the general partner of the Investment Manager. Messrs. Lau, Koenig and DeSantis are managing partners of the Investment Manager. Each of the Reporting Persons, other than the Special Situations Fund, disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.
- F2The securities are directly held by a private investment fund for which (i) the Investment Manager serves as the investment manager and (ii) the Fund GP serves as the general partner. The Manager GP serves as the general partner of the Investment Manager. Messrs. Lau, Koenig and DeSantis are managing partners of the Investment Manager. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.
- F3The securities are directly held by Michael J. Lau. No other Reporting Person beneficially owns these securities.
- F4The securities are directly held by David E. Koenig. No other Reporting Person beneficially owns these securities.
- F5The securities are directly held by Philip F. DeSantis. No other Reporting Person beneficially owns these securities.
- F6The transactions were executed in multiple trades at prices ranging from $6.70 to $7.05. The price above reflects the weighted average sales price. Detailed information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the Issuer or a security holder of the Issuer.
- F7The transactions were executed in multiple trades at prices ranging from $6.70 to $6.85. The price above reflects the weighted average sales price. Detailed information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the Issuer or a security holder of the Issuer.
- F8The transactions were executed in multiple trades at prices ranging from $6.70 to $6.78. The price above reflects the weighted average sales price. Detailed information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the Issuer or a security holder of the Issuer.