Alimco Financial Corp's Form 4 filing

Kaspien Holdings Inc. (KSPN) · filed Mar 7, 2022

Accession no.: 0001213900-22-010946
Filed: Mar 7, 2022
Trade date: Feb 11, 2021-Mar 2, 2022
Filing delay: 389 daysLate
Rule 10b5-1 plan: Not on the form (before 2023)

Original on SEC EDGAR (opens in a new tab)

This filing lists 2 non-derivative transactions and 2 derivative transactions. It was filed 389 days after the trade, past the 2-business-day deadline.

Reporting owners

A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.

Reporting owners on this filing
Owner	Relationship to the company
Alimco Financial CorpCIK 0001763340	10% Owner, Other: Member of 10% owner group

Non-derivative securities (Table I)

Acquisitions and disposals of common stock and similar shares, one row per line on the filing.

Non-derivative transactions
Trade date	Security	Transaction	Shares	Price	Value	Shares after	Ownership	Flags
Feb 11, 2021	Common Stock	MOption exerciseAcquired	+127,208	–^F1	–	152,893	Indirect
Feb 11, 2021	Common Stock	FTax withholdingDisposed	−39	–^F1,F2	–	152,854	Indirect

Derivative securities (Table II)

Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.

Derivative transactions
Trade date	Security	Transaction	Underlying shares	Unit price	Value	Held after	Ownership	Flags
Feb 11, 2021	Common Stock	MOption exerciseDisposed	−127,208	–^F3	–	0	Indirect
Mar 2, 2022	Common Stock	PPurchaseAcquired	+320,000	–^F6	–	1	Indirect

Footnotes and remarks

Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.

The reported transaction involved the conversion by Alimco Re Ltd. of a warrant to purchase a total of 127,208 shares of Kaspien Holdings Inc. common stock at a price equal to $0.01 per share (the "2020 Warrant"). Alimco Re Ltd. is a wholly owned subsidiary of Alimco Financial Corporation ("Alimco"). Alimco may be deemed to have voting and dispositive control over shares held by Alimco Re Ltd. Alimco disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein.

Referenced by the price of 2 transactions in Table I.

The 2020 Warrant was exercised on a cashless basis.

Referenced by the price of 1 transaction in Table I.

Alimco Re Ltd. acquired the 2020 Warrant in connection with a $2,718,000 secured term loan made on March 30, 2020 by Alimco Re Ltd. to Etailz Inc., a wholly owned subsidiary of Kaspien Holdings Inc.

Referenced by the price of 1 transaction in Table II.

Alimco Re Ltd. acquired the 2022 Warrant in connection with a $5,000,000 secured term loan made on March 2, 2022 by Alimco Re Ltd. to Kaspien Inc., a subsidiary of Kaspien Holdings Inc.

Referenced by the price of 1 transaction in Table II.

Read the full filing on SEC EDGAR (opens in a new tab)