SEC Form 4 · accession 0001398344-16-010260
HG Holdings, Inc. · STLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Justyn Rendal Putnam
Director · 10% Owner
TALANTA Investment Group, LLC
Director · 10% Owner
Steven A Hale II
10% Owner
Period of report
Feb 25, 2016
Accepted (ET)
Feb 26, 2016 · 10:25 am 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 $0.02F1,F2 | Feb 25, 2016 | P | 3,650 | $2.45 | A | 696,796 | I | TALANTA Fund, L.P. |
| Common Stock, par value $0.02F1,F2 | holding | — | — | — | 81,100 | I | Clark - Hale Fund, L.P. | |
| Common Stock, par value $0.02F1,F2 | holding | — | — | — | 740,968 | I | Hale Partnership Fund, L.P. | |
| Common Stock, par value $0.02F1,F2 | holding | — | — | — | 57,055 | I | MGEN II - 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 1,575,919 shares of Common Stock, which represents approximately 10.4% of the Company's outstanding shares of Common Stock. The Hale Funds hold 879,123 shares, and the TALANTA Fund holds 696,796 shares. 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. TALANTA Investment Group, LLC ( "TALANTA GP"), as general partner to TALANTA Fund, L.P. (the "TALANTA Fund"), may be deemed to be the beneficial owner of the shares directly held by the TALANTA Fund.
- 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. As a principal of TALANTA GP, Justyn R. Putnam may be deemed to be the beneficial owner of the shares held by the TALANTA Fund. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.