SEC Form 4 · accession 0001567619-18-001293
SIGMA DESIGNS INC · SIGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Aug 14, 2018
Accepted (ET)
Aug 16, 2018 · 4:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000790715
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, no par value per shareF1,F2,F3 | Aug 14, 2018 | J | 0 | — | D | 5,118,789 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The transaction reported on this Form 4 represents a special cash distribution in the amount of $6.00 per share of common stock (the "Shares") of Sigma Designs, Inc. (the "Issuer") payable by the Issuer on August 14, 2018 to all holders of Shares. The Issuer's payment of such special cash distribution is part of the Issuer's voluntary Plan of Liquidation and Dissolution that was approved by the Issuer's shareholders at a special meeting of shareholders held on April 17, 2018. The reporting persons did not dispose of any securities of the Issuer pursuant to the transaction reported on this Form 4.
- F24,707,751 of these Shares are held for the account of Quantum Partners LP, a Cayman Islands exempted limited partnership ("Quantum Partners") and 411,038 of these Shares are held for certain other funds/accounts (the "Managed Accounts").
- F3Soros Fund Management LLC ("SFM LLC") serves as investment manager to Quantum Partners and the Managed Accounts. As such, SFM LLC has been granted investment discretion over portfolio investments, including the Shares, held for the accounts of Quantum Partners and the Managed Accounts. George Soros serves as Chairman and Manager of SFM LLC and Robert Soros serves as Manager of SFM LLC.
Remarks
The filing of this statement shall not be deemed an admission that any of the Reporting Persons are the beneficial owner of any securities not held directly for its account for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.