SEC Form 4 · accession 0000880984-16-000015
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
Jun 23, 2016
Accepted (ET)
Jun 27, 2016 · 1:53 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 stockF2,F1 | Jun 23, 2016 | J | 850,000 | — | D | 0 | I | see footnote |
| common stockF3 | Jun 23, 2016 | J | 562,843 | — | A | 962,843 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were held by Leap Tide Capital Partners III, LLC, and were distributed to its members and manager. Mr. Loeb is the sole manager of Leap Tide Capital Partners III, LLC, with sole voting and dispositive power over the shares held by Leap Tide Capital Partners III, LLC. Mr. Loeb disclaimed beneficial ownership of the shares held by Leap Tide Capital Partners III, LLC except to the extent of his pecuniary interest therein.
- F2The shares were held by Leap Tide Capital Partners III, LLC, and were distributed to its members and manager.
- F3The shares were held by Leap Tide Capital Partners III, LLC, and were acquired as part of a distribution to its members and manager. Mr. Loeb is the sole manager of Leap Tide Capital Partners III, LLC.