SEC Form 4 · accession 0001140361-17-037087
ProPhase Labs, Inc. · PRPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Braden Michael Leonard
10% Owner
Period of report
Sep 29, 2017
Accepted (ET)
Oct 2, 2017 · 3:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000868278
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 29, 2017 | S | 1,695,305 | $2.30 | D | 627,322 | I | Holding of BML Investment Partners, L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F11. These shares were sold to the Issuer through the tender offer by the Issuer for 4,000,000 shares of its common stock.
- F2BML Capital Management, LLC ("BML Capital") serves as the general partner of BML Investment Partners, L.P., a Delaware limited partnership (the "Fund"), which is the direct owner of the subject shares. Mr. Leonard is the managing member of BML Capital, and exercises investment and voting control over the subject shares. Accordingly, shares owned directly by the Fund may be regarded as being beneficially owned by Mr. Leonard. Notwithstanding, Mr. Leonard disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.