SEC Form 4 · accession 0000880984-16-000010
ACORN ENERGY, INC. · ACFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jan H Loeb
Officer — President and CEO · Director
Period of report
May 13, 2016
Accepted (ET)
May 16, 2016 · 3:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000880984
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stock | May 13, 2016 | P | 400,000 | $0.15 | A | 400,000 | D | |
| common stockF2 | holding | — | — | — | 850,000 | I | see footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The purchase was part of a privately negotiated transaction in which the Issuer's former CEO, who resigned in January 2016, sold an aggregate of 800,000 shares to members of the Issuer's Board.
- F2The shares are held by Leap Tide Capital Partners III, LLC. Mr. Loeb is the sole manager of Leap Tide Capital Partners III, LLC, with sole voting and dispositive power over the shares. Mr. Loeb disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.