SEC Form 4 · accession 0001140361-16-054545
STANDARD DIVERSIFIED INC. · SDI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Standard General L.P.
10% Owner
Soohyung Kim
Officer — See Footnote 3 · Director · 10% Owner
Standard General Master Fund L.P.
10% Owner
P STANDARD GENERAL LTD
10% Owner
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 4:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000911649
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 ("Common Stock")F1,F2 | Feb 19, 2016 | P | 90,000 | $0.91 | A | 3,750,876 | I | See Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Of the securities purchased on February 19, 2016, 64,489 shares of Common Stock were purchased for the account of Standard General Master Fund L.P. (the "Master Fund") and 25,511 shares of Common Stock were purchased for the account of P Standard General Ltd. ("P Standard General" and, together with the Master Fund, the "Funds"), private investment vehicles for which Standard General L.P. ("Standard General") serves as investment manager. Following such transactions, the Funds' Common Stock ownership was as follows: (i) the Master Fund - 2,678,075 shares; and (ii) P Standard General - 1,072,801 shares.
- F2Standard General exercises voting and investment control over the shares held for the accounts of the Funds. Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.