SEC Form 4 · accession 0001209191-17-065309
HG Holdings, Inc. · STLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Dec 8, 2017
Accepted (ET)
Dec 12, 2017 · 8:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000797465
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.02 per shareF1,F2 | Dec 8, 2017 | P | 740,896 | $0.98 | A | 1,981,996 | I | Hale Partnership Fund, L.P. |
| Common Stock, par value $0.02 per shareF1,F2 | holding | — | — | — | 82,055 | I | MGEN II - Hale Fund, L.P. | |
| Common Stock, par value $0.02 per shareF1,F2 | holding | — | — | — | 181,100 | I | Clark - Hale Fund, L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Persons beneficially own in the aggregate 2,245,151 shares of Common Stock, which represents approximately 15.05% of the Company's outstanding shares of Common Stock. Hale Partnership Capital Advisors, LLC ("Hale GP"), as general partner to each of Clark - Hale Fund, L.P., MGEN II - Hale Fund, L.P., and Hale Partnership Fund, L.P. (collectively, the "Hale Funds"), and Hale Partnership Capital Management, LLC ("Hale Advisor"), as the investment manager to the Hale Funds, may be deemed to be beneficial owners of the shares directly held by the Hale Funds. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.
- F2As a principal of Hale GP and Hale Advisor, Steven A. Hale may be deemed to be the beneficial owner of the shares held by the Hale Funds. Steven A. Hale is a director of Stanley Furniture Company, Inc.