SEC Form 4 · accession 0001213900-17-000782
SOLITRON DEVICES INC · SODI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Howard Timothy Eriksen
Officer — CEO, Interim CFO · Director
Period of report
Jan 26, 2017
Accepted (ET)
Jan 30, 2017 · 6:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000091668
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF3 | Jan 26, 2017 | P | 11,500 | $4.13 | A | 162,822 | I | See footnote |
| Common StockF2,F3 | Jan 26, 2017 | P | 1,500 | $4.12 | A | 164,322 | I | See footnote |
| Common StockF1 | holding | — | — | — | 10,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These securities are owned solely by Tim Eriksen ("Mr. Eriksen").
- F2Represents 139,322 shares owned by Cedar Creek Partners LLC, an investment partnership, for which Eriksen Capital Management LLC ("ECM") is Managing Member, and 25,000 shares owned by managed accounts of ECM, net of 2,000 shares in accounts where the management agreement terminated. The respective owners of the managed accounts are responsible to vote the shares. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F3This Form 4 is filed jointly by ECM, Cedar Creek Partners LLC, and Mr. Eriksen. By virtue of ECM's Investment Advisory Agreement with the clients of ECM, Mr. Eriksen may be deemed to beneficially own the Shares owned by Cedar Creek Partners and the managed accounts.