SEC Form 4 · accession 0000921895-15-001731
BIGLARI HOLDINGS INC. · BH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
LION FUND, L.P.
10% Owner
BIGLARI CAPITAL CORP.
10% Owner
Sardar Biglari
Officer — Chairman and CEO · Director · 10% Owner
LION FUND II, L.P.
10% Owner
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 7:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000093859
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, stated value $0.50 per shareF1,F3 | Jul 1, 2015 | P | 616,312 | $420.00 | A | 616,312 | I | By The Lion Fund II, L.P. |
| Common Stock, stated value $0.50 per shareF1 | holding | — | — | — | 31,019 | D | ||
| Common Stock, stated value $0.50 per shareF1,F2 | holding | — | — | — | 365,726 | I | By The Lion Fund, L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is filed jointly by Sardar Biglari, The Lion Fund, L.P. (the "Lion Fund I"), The Lion Fund II, L.P. (the "Lion Fund II"), and Biglari Capital Corp ("BCC"). Each of Mr. Biglari, the Lion Fund I, the Lion Fund II and BCC is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock. Each of Mr. Biglari, the Lion Fund I, the Lion Fund II and BCC disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.
- F2Shares owned directly by the Lion Fund I. BCC is the general partner of the Lion Fund I. Mr. Biglari is the Chairman and Chief Executive Officer of BCC and has investment discretion over the securities owned by the Lion Fund I. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund I.
- F3Shares owned directly by the Lion Fund II. BCC is the general partner of the Lion Fund II. Mr. Biglari is the Chairman and Chief Executive Officer of BCC and has investment discretion over the securities owned by the Lion Fund II. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.
- F4Shares purchased pursuant to a tender offer for shares of the Issuer's Common Stock.