SC 13D/A

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13D-1(a) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13D-2(a)

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

 

 

Barnes & Noble, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

067774109

(CUSIP Number)

Richard Schottenfeld

Schottenfeld Management Corp.

800 3rd Avenue, 10th Floor

New York, NY 10022

(212) 300-2204

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

June 7, 2019

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  ☐.

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7(b) for other parties to whom copies are to be sent.

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

Richard Schottenfeld

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

2,453,028

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

2,453,028

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,453,028

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

3.4%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

*

Percent of class is calculated based on 73,195,430 shares of common stock, par value $0.001 (the “Common Stock” or “Shares”), of Barnes & Noble, Inc. (the “Company” or the “Issuer”) outstanding as of February 28, 2019, as reported in the Issuer’s Quarterly Report on Form 10-Q (“Form 10-Q”) filed with the Securities and Exchange Commission (the “SEC”) on March 7, 2019.

 

2


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

Schottenfeld Opportunities Fund II, LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

2,278,028

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

2,278,028

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,278,028

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

3.1%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

PN

 

*

Percent of class is calculated based on 73,195,430 shares of Common Stock of the Issuer outstanding as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

 

3


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

Winchester Holdings, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

2,278,028

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

2,278,028

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,278,028

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

3.1%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

*

Percent of class is calculated based on 73,195,430 shares of Common Stock of the Issuer outstanding as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

 

4


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

Schottenfeld Management Corp.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

New York

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

2,278,028

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

2,278,028

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,278,028

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

3.1%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

CO

 

*

Percent of class is calculated based on 73,195,430 shares of Common Stock of the Issuer outstanding as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

 

5


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

Phase Five Partners, LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

0

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

0

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

PN

 

*

Percent of class is calculated based on 73,195,430 shares of Common Stock of the Issuer outstanding as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

 

6


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

Phase Five Holdings, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

0

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

0

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

*

Percent of class is calculated based on 73,195,430 shares of Common Stock of the Issuer outstanding as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

 

7


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

Phase Five Capital Management, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

0

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

0

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

*

Percent of class is calculated based on 73,195,430 shares of Common Stock of the Issuer outstanding as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

 

8


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

Koyote Trading LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

175,000

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

175,000

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

175,000

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.2%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

*

Percent of class is calculated based on 73,195,430 shares of Common Stock of the Issuer outstanding as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

 

9


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

Koyote Capital Group LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

175,000

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

175,000

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

175,000

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.2%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

*

Percent of class is calculated based on 73,195,430 shares of Common Stock of the Issuer outstanding as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

 

10


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

Neil Druker

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

0

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

0

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

*

Percent of class is calculated based on 73,195,430 shares of Common Stock of the Issuer outstanding as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

 

11


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

TAR Holdings LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

New Jersey

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

52,500

     8   

SHARED VOTING POWER

 

0

     9   

SOLE DISPOSITIVE POWER

 

52,500

   10   

SHARED DISPOSITIVE POWER

 

0

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

52,500

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.1%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

*

Percent of class is calculated based on 73,195,430 shares of Common Stock of the Issuer outstanding as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

 

12


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

Karen Singer

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

52,500

     8   

SHARED VOTING POWER

 

0

     9   

SOLE DISPOSITIVE POWER

 

52,500

   10   

SHARED DISPOSITIVE POWER

 

0

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

52,500

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.1%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

*

Percent of class is calculated based on 73,195,430 shares of Common Stock of the Issuer outstanding as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

 

13


SCHEDULE 13D

CUSIP No. 067774109

 

  1   

NAMES OF REPORTING PERSONS

 

CCUR Holdings, Inc.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (See Instructions)

 

WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

0

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

0

11   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%*

14  

TYPE OF REPORTING PERSON (See Instructions)

 

CO

 

*

Percent of class is calculated based on 73,195,430 shares of Common Stock of the Issuer outstanding as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

 

14


This Amendment No. 2 (“Amendment No. 2”) amends and restates in its entirety the Schedule 13D filed by the Reporting Persons with the SEC on July 23, 2018, relating to the Common Stock, $0.001 par value per share, of the Issuer, as amended and restated by Amendment No. 1 filed on September 6, 2018 (the “Original 13D”). This is the final amendment to the Schedule 13D and constitutes an “exit filing” for the Reporting Persons.

Item 1. Security and Issuer

This Statement on Schedule 13D (the “Schedule 13D”) relates to the shares of Common Stock, $0.001 par value per share of Barnes & Noble, Inc., a Delaware corporation.

Item 2. Identity and Background

This Schedule 13D is being filed by the following persons (each, a “Reporting Person” and collectively, the “Reporting Persons”):

(1) Richard Schottenfeld (“Mr. Schottenfeld”), a United States citizen, is the manager of Koyote Capital Group LLC (“Koyote Capital”), a Delaware limited liability company, which is the managing member of Koyote Trading LLC (“Koyote Trading”), a Delaware limited liability company. The principal business of Koyote Capital and Koyote Trading is investing in securities. The principal occupation of Mr. Schottenfeld is the management of investment firms. The principal place of business of each of Mr. Schottenfeld, Koyote Capital and Koyote Trading is 800 3rd Ave., Floor 10, New York, NY 10022.

(2) Mr. Schottenfeld is also the CEO of Schottenfeld Management Corp. LLC (“SMC”), a New York Corporation and the manager of Winchester Holdings, LLC (“Winchester”), a Delaware limited liability company. Winchester is the general partner of Schottenfeld Opportunities Fund II, LP (“SOF II”), a Delaware limited partnership. SMC is the investment manager of SOF II. The principal business of SMC, Winchester and SOF II is investing in securities. The principal place of business of each of SMC, Winchester and SOF II is 800 3rd Ave., Floor 10, New York, NY 10022.

(3) Mr. Schottenfeld and Neil Druker (“Mr. Druker”), a Canadian citizen, are the managers of Phase Five Capital Management, LLC (“PFCM”), a Delaware limited liability company, and Phase Five Holdings, LLC (“PFH”), a Delaware limited liability company. PFH is the general partner of Phase Five Partners, LP (“PFP”), a Delaware limited partnership. PFCM is the investment manager of PFP. The principal occupation of Mr. Druker is the management of investment firms. The principal business of PFCM, PFH and PFP is investing in securities. The principal place of business of each of Mr. Druker, PFCM, PFH and PFP is 800 3rd Ave., Floor 10, New York, NY 10022.

(4) Ms. Karen Singer (“Ms. Singer”), a United States citizen, is the sole member of TAR Holdings LLC (“TAR Holdings”), a New Jersey limited liability company. Ms. Singer’s principal occupation is investing assets held in TAR Holdings and other entities. TAR Holdings’ principal business is investing in securities. Ms. Singer’s and TAR Holdings’ principal place of business is 212 Vaccaro Drive, Cresskill, New Jersey 07626.

(5) CCUR Holdings, Inc. (“CCUR”) is a Delaware corporation with its principal place of business located at 4375 River Green Parkway, Suite 210, Duluth, GA 30096. Having recently divested its Real-Time and Content Delivery businesses, the principal business of CCUR is the evaluation of opportunities intended to maximize the value of its remaining assets, including the evaluation of opportunities to invest in or acquire one or more operating businesses. The information required by General Instruction C to Schedule 13D with respect to the executive officers and directors of CCUR is listed below.

 

15


CCUR Executive Officers and Directors

 

Name

    

Business Address

    

Citizenship

    

Principal Occupation

Wayne Barr, Jr.      4375 River Green Pkwy, Suite 210, Duluth, GA 30096      US      Chairman, President and Chief Executive Officer
Warren Sutherland      4375 River Green Pkwy, Suite 210, Duluth, GA 30096      US      Chief Financial Officer
Steven Singer      4375 River Green Pkwy, Suite 210, Duluth, GA 30096      US      Director
David Nicol      4375 River Green Pkwy, Suite 210, Duluth, GA 30096      US      Director

During the last five years, none of the Reporting Persons nor any Control Persons of CCUR have been: (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item 3. Source and Amount of Funds or Other Considerations

Koyote Trading:

All of the Shares held by Koyote Trading were purchased with the working capital of Koyote Trading. The aggregate amount of funds used for the purchase of Shares held by Koyote Trading was approximately $870,790.

SOF II:

All of the Shares held by SOF II were purchased with the working capital of SOF II. The aggregate amount of funds used for the purchase of Shares held by SOF II was approximately $14,125,528.

TAR Holdings:

All of the Shares held by TAR Holdings were purchased by funds generated and held by TAR Holdings. The aggregate amount of funds used for the purchase of Shares held by TAR Holdings was approximately $316,050.

The shares held by the Reporting Persons are held in margin accounts together with other securities. Such margin accounts may from time to time have debit balances. Part of the purchase price of such Shares was obtained through margin borrowing.

Item 4. Purpose of Transaction

The Reporting Persons initially invested in the Company based on their belief that the Shares were substantially undervalued and represented an attractive investment opportunity. As previously reported, the Reporting Persons encouraged Company management to pursue a sale of the Company as one means of maximizing value to shareholders.

 

16


As recently reported, the Company’s sale process has culminated in an agreement to sell the Company for $6.50 per share. The Reporting Persons are of the view that the Company is worth considerably more than the agreed-upon sale price, and believe that the special committee, including its Chairman, Mark Carlton, has failed in its duty to maximize value for shareholders. In light of recent press reports and market speculation of various parties seeking to collaborate for purposes of submitting a topping bid, the Reporting Persons strongly urge the special committee to reevaluate its approach and afford all interested parties the ability to communicate and coordinate their efforts for the purpose of submitting a superior bid that better represents the fair value of the Company. Further to the foregoing, the Reporting Persons and their representatives may engage in discussions with members of management and/or the board of directors of the Company, other current or prospective shareholders, industry analysts, potential bidders, investment and financing professionals and other third parties regarding a sale of the Company. Except as described herein, the Reporting Persons have no present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D.

The Reporting Persons intend to review their investment in the Company on a continuing basis. Depending on various factors including, without limitation, the Company’s financial position, results of operations and strategic direction, the market for the Company’s securities, other developments concerning the Issuer, other opportunities available to the Reporting Persons, and general economic and stock market conditions, and subject to applicable legal requirements, the Reporting Persons may in the future take such actions with respect to their investment in the Company as they deem appropriate, including, without limitation, (i) acquiring additional Shares and/or other securities of the Company; (ii) disposing of any or all of their Shares or other securities of the Company; and/or (iii) otherwise changing their intentions with respect to any and all matters referred to in subparagraphs (a)-(j) of Item 4 of Schedule 13D.

Item 5. Interest in Securities of the Issuer

If the Reporting Persons were deemed to have formed a “group” with each of the other Reporting Persons for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Act”), and Rule 13d thereunder, due to the activities and intentions described in Item 4, the Reporting Person may have been deemed to be the beneficial owner of the Shares held by the other Reporting Persons. Each Reporting Person expressly disclaims beneficial ownership of the Shares referred to in this Schedule 13D held by the other Reporting Persons, except to the extent expressly set forth herein, and the inclusion of the other Reporting Persons’ Shares in this Schedule 13D shall not be deemed to be an admission of beneficial ownership of such reported Shares for purposes of Section 13(d) of the Act or for any other purpose.

The Reporting Person has no responsibility for the accuracy or completeness of any information given with respect to any other person or entity, including, without limitation, each of the other Reporting Persons.

For the purpose of calculating the percent of class, the Issuer’s issued and outstanding shares of Common Stock was 73,195,430 shares of Common Stock, as of February 28, 2019, as reported in the Issuer’s Form 10-Q filed with the SEC on March 7, 2019.

Koyote Trading, Koyote Capital and Mr. Schottenfeld:

(a) As of the date hereof, Koyote Trading directly beneficially owns 175,000 shares of Common Stock, representing 0.2% of the Issuer’s Common Stock. These Shares are directly held by Koyote Trading. Koyote Capital is the manager of Koyote Trading and Mr. Schottenfeld is the manager of Koyote Capital. As a result, Koyote Capital and Mr. Schottenfeld may be deemed to indirectly beneficially own the Shares held by Koyote Trading.

(b) As of the date hereof, Koyote Trading has the shared power to vote or direct the vote, and shared power to dispose, or direct the disposition of 175,000 shares of Common Stock. Koyote Capital and Mr. Schottenfeld have shared voting and dispositive power with respect to such Shares.

(c) See Exhibit A.

(d) Except as described herein, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares held by Koyote Trading.

(e) June 7, 2019.

 

17


SOF II, Winchester, SMC and Mr. Schottenfeld:

(a) As of the date hereof, SOF II directly beneficially owns 2,278,028 shares of Common Stock, representing 3.1% of the Issuer’s Common Stock. These Shares are directly held by SOF II. Winchester is the manager of SOF II, SMC is the investment manager of SOF II and Mr. Schottenfeld is the manager of Winchester and the CEO of SMC. As a result, Winchester and Mr. Schottenfeld may be deemed to indirectly beneficially own the Shares held by SOF II.

(b) As of the date hereof, SOF II has the shared power to vote or direct the vote, and shared power to dispose, or direct the disposition of 2,278,028 shares of Common Stock. Winchester and Mr. Schottenfeld have shared voting and dispositive power with respect to such Shares.

(c) See Exhibit A.

(d) Except as described herein, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares held by SOF II.

(e) June 7, 2019.

PFP, PFH, PFCM, Mr. Schottenfeld and Mr. Druker:

(a) PFH is the general partner of PFP, PFCM is the investment manager of PFP, and Mr. Schottenfeld and Mr. Druker are the managers of PFH and PFCM. As a result, PFH, PFCM, Mr. Schottenfeld and Mr. Druker may be deemed to indirectly beneficially own Shares held by PFP. PFP does not beneficially own any shares of the Issuer’s Common Stock.

(b) Not applicable.

(c) See Exhibit A.

(d) Not applicable.

(e) June 7, 2019.

Ms. Singer and TAR Holdings:

(a) As of the date hereof, TAR Holdings directly beneficially owns 52,500 shares of Common Stock, representing 0.1% of the Issuer’s Common Stock. These Shares are directly held by TAR Holdings. Ms. Singer is the sole member of TAR Holdings and indirectly beneficially owns the Shares held by TAR Holdings.

(b) As of the date hereof, TAR Holdings has the sole power to vote or direct the vote, and sole power to dispose, or direct the disposition of 52,500 shares of Common Stock. Ms. Singer has sole voting power and sole dispositive power with respect to the Shares directly held by TAR Holdings.

(c) See Exhibit A.

(d) Except as described herein, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares held by TAR Holdings.

(e) June 7, 2019.

 

18


CCUR:

(a) As of the date hereof, CCUR does not beneficially own any Shares of the Issuer’s Common Stock.

(b) Not applicable.

(c) See Exhibit A.

(d) Not applicable.

(e) June 7, 2019.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

SMC has entered into an agreement with each of CCUR and TAR Holdings pursuant to which each of CCUR and TAR Holdings have agreed to coordinate trading activities in the securities of the Issuer with SMC and to share a percentage of gains realized in the securities of the Issuer with SMC.

Item 7. Material to Be Filed as Exhibits

A. Transactions within the past 60 days.

B. Joint Filing Agreement of the Reporting Persons (previously filed with the Original 13D and incorporated herein by reference).

 

19


Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: June 13, 2019

 

Schottenfeld Opportunities Fund II, LP

 

By Winchester Holdings, LLC, its General Partner

By:  

/s/ Richard Schottenfeld

Name: Richard Schottenfeld

Title: Manager

Winchester Holdings, LLC
By:  

/s/ Richard Schottenfeld

Name: Richard Schottenfeld

Title: Manager

Schottenfeld Management Corp.
By:  

/s/ Richard Schottenfeld

Name: Richard Schottenfeld

Title: Chief Executive Officer

Phase Five Partners, L.P.

 

By Phase Five Holdings, LLC, its General Partner

By:  

/s/ Richard Schottenfeld

Name: Richard Schottenfeld

Title: Manager

Phase Five Holdings, LLC
By:  

/s/ Richard Schottenfeld

Name: Richard Schottenfeld

Title: Manager

Phase Five Capital Management, LLC
By:  

/s/ Richard Schottenfeld

Name: Richard Schottenfeld

Title: Manager

 

20


Koyote Trading, LLC

 

By: Koyote Capital Group, LLC, its Manager

By:  

/s/ Richard Schottenfeld

Name: Richard Schottenfeld

Title: Manager

Koyote Capital Group, LLC
By:  

/s/ Richard Schottenfeld

Name: Richard Schottenfeld

Title: Manager

/s/ Richard Schottenfeld
Richard Schottenfeld
/s/ Neil Druker
Neil Druker
TAR Holdings, LLC
By:  

/s/ Karen Singer

Name: Karen Singer

Title: Member

/s/ Karen Singer
Karen Singer
CCUR Holdings, Inc.
By:  

/s/ Wayne Barr, Jr.

Name: Wayne Barr, Jr.

Title: Chief Executive Officer

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement; provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).

 

21


EXHIBIT A

Transactions of the Reporting Persons in the past 60 days

SOF II Transactions

 

Date of Transaction

 

Nature of Transaction

 

Number of Shares

Purchased/(Sold)

 

Purchase Price

Per Share ($)

4/16/2019

 

Purchase

    50,000   $4.9689

4/17/2019

 

Purchase

    75,000   $4.7833

5/17/2019

 

Sale

   (40,900)   $5.0066

6/5/2019

 

Sale

  (132,872)   $4.4264

 

Date

  

Description of
Transaction

  

Description of Derivative Security

  

Number of
Contracts

   

Number of
Shares

   

Purchase
Price Per
Contract ($)

 

4/18/2019

  

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     750       75,000     $ 0.4960  

4/18/2019

  

Option Expiration

  

Call Option, exercisable at $6.00, expires 4/18/2019

     (15,029     (1,502,900   $ 0.0000  

5/17/2019

  

Sell to Close

  

Call Option, exercisable at $5.00, expires 5/17/2019

     (8,495     (849,500   $ 0.1000  

5/17/2019

  

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     7,000       700,000     $ 0.6500  

5/17/2019

  

Buy to Open

  

Call Option, exercisable at $5.50, expires 7/19/2019

     2,400       240,000     $ 0.3500  

5/31/2019

  

Buy to Open

  

Call Option, exercisable at $5.00, expires 6/21/2019

     2,300       230,000     $ 0.1996  

5/31/2019

  

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     151       15,100     $ 0.2500  

5/31/2019

  

Buy to Open

  

Call Option, exercisable at $4.50, expires 6/21/2019

     750       75,000     $ 0.4067  

6/5/2019

  

Buy to Open

  

Call Option, exercisable at $4.00, expires 7/19/2019

     5,891       589,100     $ 0.7622  

6/5/2019

  

Buy to Open

  

Call Option, exercisable at $4.00, expires 6/21/2019

     500       50,000     $ 0.8500  

6/6/2019

  

Sell to Close

  

Call Option, exercisable at $6.00, expires 7/19/2019

     (5,500     (550,000   $ 0.5656  

 

22


Date

  

Description of
Transaction

  

Description of Derivative Security

  

Number of
Contracts

   

Number of
Shares

   

Purchase
Price Per
Contract ($)

 

6/7/2019

  

Sell to Close

  

Call Option, exercisable at $5.00, expires 6/21/2019

     (2,300     (230,000   $ 1.6000  

6/7/2019

  

Sell to Close

  

Call Option, exercisable at $4.50, expires 6/21/2019

     (750     (75,000   $ 2.1000  

6/7/2019

  

Sell to Close

  

Call Option, exercisable at $5.00, expires 7/19/2019

     (7,901     (790,100   $ 1.6000  

6/7/2019

  

Sell to Close

  

Call Option, exercisable at $4.00, expires 7/19/2019

     (10     (1,000   $ 2.6000  

6/7/2019

  

Sell to Close

  

Call Option, exercisable at $4.00, expires 6/21/2019

     (500     (50,000   $ 2.5500  

6/7/2019

  

Sell to Close

  

Call Option, exercisable at $4.00, expires 7/19/2019

     (5,881     (588,100   $ 2.5500  

6/7/2019

  

Sell to Close

  

Call Option, exercisable at $5.50, expires 7/19/2019

     (2,400     (240,000   $ 1.0500  

 

23


PFP Transactions

 

Date of Transaction

 

Nature of Transaction

 

Number of Shares

Purchased/(Sold)

 

Purchase Price

Per Share ($)

5/29/2019

 

Sale

  (11,190)   $4.4187

 

Date

  

Description of
Transaction

  

Description of Derivative Security

  

Number of
Contracts

   

Number of
Shares

   

Price Per
Contract ($)

 
4/18/2019   

Option Expiration

  

Call Option, exercisable at $6.00, expires 4/18/2019

     (100     (10,000   $ 0.0000  
4/29/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 5/17/2019

     2       200     $ 0.3705  
5/1/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 5/17/2019

     2       200     $ 0.2955  
5/3/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 5/17/2019

     3       300     $ 0.3455  
5/6/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 5/17/2019

     1       100     $ 0.3120  
5/7/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 5/17/2019

     3       300     $ 0.3648  
5/8/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 5/17/2019

     13       1,300     $ 0.3735  
5/10/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 5/17/2019

     5       500     $ 0.3155  
5/13/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 5/17/2019

     4       400     $ 0.2580  
5/14/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 5/17/2019

     1       100     $ 0.3455  
5/15/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 5/17/2019

     4       400     $ 0.3080  
5/16/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 5/17/2019

     7       700     $ 0.2335  
5/17/2019   

Sell to Close

  

Call Option, exercisable at $5.00, expires 5/17/2019

     (499     (49,900   $ 0.0961  
5/17/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     412       41,200     $ 0.6241  

 

24


Date

  

Description of
Transaction

  

Description of Derivative Security

  

Number of
Contracts

   

Number of
Shares

   

Price Per
Contract ($)

 
5/20/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     1       100     $ 0.4455  
5/21/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     1       100     $ 0.4955  
5/22/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     1       100     $ 0.4620  
5/28/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     1       100     $ 0.4455  
5/29/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     1,356       135,600     $ 0.2954  
5/30/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     4       400     $ 0.3330  
5/31/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     12       1,200     $ 0.2675  
5/31/2019   

Buy to Open

  

Call Option, exercisable at $4.50, expires 6/21/2019

     156       15,600     $ 0.3009  
5/31/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 6/21/2019

     294       29,400     $ 0.1976  
6/3/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     1       100     $ 0.3955  
6/3/2019   

Buy to Open

  

Call Option, exercisable at $4.50, expires 6/21/2019

     3       300     $ 0.4858  
6/3/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 6/21/2019

     6       600     $ 0.3009  
6/4/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 6/21/2019

     3       300     $ 0.3008  
6/4/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     7       700     $ 0.4026  
6/4/2019   

Buy to Open

  

Call Option, exercisable at $4.50, expires 6/21/2019

     7       700     $ 0.5526  
6/5/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 6/21/2019

     35       3,500     $ 0.2314  
6/5/2019   

Buy to Open

  

Call Option, exercisable at $4.50, expires 6/21/2019

     47       4,700     $ 0.3801  
6/5/2019   

Buy to Open

  

Call Option, exercisable at $5.00, expires 7/19/2019

     610       61,000     $ 0.3088  
6/6/2019   

Sell to Close

  

Call Option, exercisable at $5.00, expires 7/19/2019

     (498     (49,800   $ 0.9009  
6/6/2019   

Buy to Open

  

Call Option, exercisable at $4.50, expires 6/21/2019

     13       1,300     $ 0.6570  
6/7/2019   

Sell to Close

  

Call Option, exercisable at $5.00, expires 7/19/2019

     (1,908     (190,800   $ 1.6037  
6/7/2019   

Sell to Close

  

Call Option, exercisable at $5.00, expires 6/21/2019

     (344     (34.400   $ 1.6045  
6/7/2019   

Sell to Close

  

Call Option, exercisable at $4.50, expires 6/21/2019

     (220     (22,000   $ 2.1045  

 

25


Koyote Transactions

 

Date of Transaction

 

Nature of Transaction

 

Number of Shares

Purchased/(Sold)

 

Purchase Price

Per Share ($)

4/12/2019

 

Purchase

      2,500   $5.0880

4/16/2019

 

Purchase

      5,000   $4.9431

4/17/2019

 

Purchase

    10,000   $4.7933

4/18/2019

 

Purchase

    10,000   $4.7228

6/5/2019

 

Purchase

  100,000   $4.5666

6/6/2019

 

Sale

   (75,000)   $5.8370

6/7/2019

 

Sale

  (100,000)   $6.5500

 

Date

  

Description of
Transaction

  

Description of Derivative Security

  

Number of
Contracts

    

Number of
Shares

    

Price Per
Contract ($)

 
4/12/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     6        600      $ 0.5034  
4/15/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     4        400      $ 0.4326  
4/16/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     4        400      $ 0.3826  
4/17/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     4        400      $ 0.2701  
4/18/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     2        200      $ 0.2201  
4/18/2019   

Option Expiration

  

Call Option, exercisable at $6.00, on 4/18/2019

     (80      (8,000    $ 0.0000  
4/22/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     5        500      $ 0.2167  
4/24/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     9        900      $ 0.3536  
4/25/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     1        100      $ 0.3451  
4/29/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     6        600      $ 0.3868  

 

26


Date

  

Description of
Transaction

  

Description of Derivative Security

  

Number of
Contracts

    

Number of
Shares

    

Price Per
Contract ($)

 
4/30/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     1        100      $ 0.3951  
5/1/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     1        100      $ 0.2451  
5/2/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     4        400      $ 0.2076  
5/3/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     5        500      $ 0.2872  
5/7/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     1        100      $ 0.3451  
5/9/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 5/17/2019

     1        100      $ 0.4451  
5/17/2019   

Sell to Close

  

Call Option, exercisable at $5.00, on 5/17/2019

     (709      (70,900    $ 0.0965  
5/17/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 7/19/2019

     301        30,100      $ 0.5181  
5/29/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 7/19/2019

     600        60,000      $ 0.2743  
5/30/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 7/19/2019

     250        25,000      $ 0.2551  
5/31/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 7/19/2019

     551        55,100      $ 0.2247  
5/31/2019   

Buy to Open

  

Call Option, exercisable at $5.00, on 6/21/2019

     400        40,000      $ 0.1993  
5/31/2019   

Buy to Open

  

Call Option, exercisable at $4.50, on 6/21/2019

     500        50,000      $ 0.2825  
6/6/2019   

Sell to Close

  

Call Option, exercisable at $5.00, on 7/19/2019

     (400      (40,000    $ 0.8956  
6/7/2019   

Sell to Close

  

Call Option, exercisable at $5.00, on 7/19/2019

     (1,302      (130,200    $ 1.5722  
6/7/2019   

Sell to Close

  

Call Option, exercisable at $4.50, on 6/21/2019

     (500      (50,000    $ 2.0549  
6/7/2019   

Sell to Close

  

Call Option, exercisable at $5.00, on 6/21/2019

     (400      (40,000    $ 1.5549  

 

27


TAR Holdings Transactions

 

Date of Transaction

 

Nature of Transaction

 

Number of Shares

Purchased/(Sold)

 

Purchase Price

Per Share ($)

6/7/2019

 

Sale

  256,913   $6.6195

6/10/2019

 

Sale

      7,500   $6.0000

CCUR Transactions

 

Date of Transaction

 

Nature of Transaction

 

Number of Shares

Purchased/(Sold)

 

Purchase Price

Per Share ($)

6/7/2019

 

Sale

  119,949   $6.6040

 

28