SEC Form 4 · accession 0000921895-17-000498
TANDY LEATHER FACTORY INC · TLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James C Pappas
Director
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 6:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000909724
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCK, $0.0024 PAR VALUEF2 | Feb 23, 2017 | A | 1,801 | $0.00 | A | 1,801 | D | |
| COMMON STOCK, $0.0024 PAR VALUEF1 | holding | — | — | — | 116,726 | I | By: JCP Investment Partnership, LP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of Common Stock owned directly by JCP Investment Partnership, LP ("JCP Partnership"). Mr. Pappas, solely by virtue of his position as the managing member of JCP Investment Management, LLC, the investment manager of JCP Partnership, and the sole member of JCP Investment Holdings, LLC, the general partner of JCP Partnership's general partner, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership for purposes of Section 16. Mr. Pappas expressly disclaims beneficial ownership of such shares of Common Stock except to the extent of his pecuniary interest therein.
- F2Represents shares of restricted stock granted under the Issuer's 2013 Restricted Stock Plan, 25% of which vest on each of the next four anniversaries of the grant date, with the first installment to be exercisable on the first 12 month anniversary of the grant date.