SEC Form 4 · accession 0001437749-18-008543
HG Holdings, Inc. · STLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven A Hale II
Officer — Chief Executive Officer · Director
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 4:08 pm EDT
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 | May 1, 2018 | A | 161,290 | $0.00 | A | 161,290 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock award will vest on May 10, 2019 in increments of approximately 25% if the volume weighted average price for the Company's Common Stock meets certain price targets from $0.70 to $0.85 per share during the first 90 business days of 2019.
- F2Does not include an aggregate of 2,245,151 shares of Common Stock, which represents approximately 15.4% of the Company's outstanding shares of Common Stock, held directly by Clark - Hale Fund, L.P., MGEN II - Hale Fund, L.P., and Hale Partnership Fund, L.P. (collectively, the "Hale Funds"). Hale Partnership Capital Advisors, LLC ("Hale GP") is general partner to each of the Hale Funds, Hale Partnership Capital Management, LLC ("Hale Advisor") is investment manager to each of the Hale Funds, and the Reporting Person is a principal of each of Hale GP and Hale Advisor, and as such, each of Hale GP, Hale Advisor, and the Reporting Person may be deemed to be the beneficial owner of the shares held directly by the Hale Funds. Each of the Hale Funds, Hale GP, Hale Advisor and the Reporting Person has disclaimed any beneficial ownership in the shares held directly by the Hale Funds except to the extent of his or its pecuniary interest.