SEC Form 4 · accession 0000919574-15-005634
UNIVERSAL STAINLESS & ALLOY PRODUCTS INC · USAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Jul 30, 2015
Accepted (ET)
Aug 3, 2015 · 6:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000931584
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 30, 2015 | S | 28,800 | $13.92 | D | 1,114,221 | I | See Footnote |
| Common StockF1 | Jul 31, 2015 | S | 14,600 | $13.74 | D | 1,099,621 | I | See Footnote |
| Common StockF1 | Aug 3, 2015 | S | 17,400 | $13.06 | D | 1,082,221 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These securities are (i) directly owned by certain private investment vehicles managed by Pennant, including Broadway Gate Master Fund, Ltd., which has ceased to be a 10% owner, and (ii) may be deemed beneficially owned by Pennant as investment manager of such private investment vehicles. The reported securities may also be deemed beneficially owned by Alan Fournier as Managing Member of Pennant. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.