SEC Form 4 · accession 0000921895-15-001463
USA TRUCK INC · USAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Vadim Perelman
Other
Period of report
May 20, 2015
Accepted (ET)
May 22, 2015 · 4:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000883945
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par value per shareF1,F3,F2 | May 20, 2015 | S | 1,400,000 | $19.00 | D | 0 | I | By: Baker Street Capital L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is filed jointly by Baker Street Capital L.P. ("BSC LP"), Baker Street Capital GP, LLC ("BSC GP"), Baker Street Capital Management, LLC ("Baker Street Capital Management") and Vadim Perelman (collectively, the "Reporting Persons"). Each of the Reporting Persons is a former member of a Section 13(d) group that, prior to the transaction reported herein, beneficially owned more than 10% of the Issuer's outstanding shares of Common Stock. Mr. Perelman resigned as a director of the Issuer on May 20, 2015.
- F2Represents shares of Common Stock owned directly by BSC LP. BSC GP, as the general partner of BSC LP, may be deemed to beneficially own the shares owned by BSC LP. Baker Street Capital Management, as the investment manager of BSC LP, may be deemed to beneficially own the shares owned by BSC LP. Mr. Perelman, as the managing member of each of BSC GP and Baker Street Capital Management, may be deemed to beneficially own the shares owned by BSC LP. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.
- F3Represents shares of Common Stock sold by BSC LP in an underwritten secondary offering. Additionally, as a result of his resignation as a director of the Issuer on May 20, 2015, Mr. Perelman forfeited 1,574 shares of unvested restricted stock that were awarded to him on May 7, 2015 in connection with his service as a director.