SEC Form 4 · accession 0001179110-18-007469
Climb Global Solutions, Inc. · CLMB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Richart Geygan Geygan
Director
Period of report
May 7, 2018
Accepted (ET)
May 24, 2018 · 3:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000945983
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 7, 2018 | A | 5,000 | $0.00 | A | 9,100 | D | |
| Common StockF2,F4 | May 22, 2018 | P | 21,238 | $14.27 | A | 129,198 | I | Held by GVIC |
| Common Stock | May 22, 2018 | P | 2,010 | $14.27 | A | 11,110 | D | |
| Common StockF3,F2,F4 | May 23, 2018 | J | 110 | $0.00 | D | 129,088 | I | Held By GVIC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock granted pursuant to the Issuer's 2012 Stock-Based Compensation Plan. These shares will vest in 16 quarterly installments beginning on May 7, 2018.
- F2The securities are held in account(s) managed indirectly by Global Value Investment Corporation ("GVIC") which is controlled the reporting person. The reporting person does not have any direct or indirect pecuniary interest in the managed account(s) because the reporting person (i) does not receive any incentive compensation from the managed account(s) and (ii) does not have a direct or indirect interest in the managed account(s).
- F3As of May 22, 2018, certain separately managed accounts terminated their relationship with, and are no longer advised by, GVIC. The positions held in such accounts are therefore no longer included herein
- F4The securities may be deemed to be beneficially owned by the reporting person because he controls the registered investment adviser, which may be deemed to have beneficial ownership of the securities because it serves as the investment manager to separate managed accounts. The reporting person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.