ASCENT INDUSTRIES CO. — Director's Dealing 2021

Dec 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYNALLOY CORP (SYNL)
CIK: 0000095953
Period of Report: 2021-12-16

Reporting Person: Guy Henry L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-16	Common Stock	M	5837	$12.75	Acquired	59935.072	Direct
2021-12-16	Common Stock	M	889	$12.75	Acquired	7889	Indirect
2021-12-16	Common Stock	A	18	$12.75	Acquired	154.904	Indirect
2021-12-16	Common Stock	M	18	$12.75	Acquired	154.904	Indirect
2021-12-16	Common Stock	A	11	$12.75	Acquired	147.904	Indirect
2021-12-16	Common Stock	M	11	$12.75	Acquired	147.904	Indirect
2021-12-16	Common Stock	M	10118	$12.75	Acquired	157863	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-16	Subscription Rights (Right to Buy)	$12.75	M	5837	Disposed	2021-12-16	Common Stock (5837.0)	Direct
2021-12-16	Subscription Rights (Right to Buy)	$12.75	M	889	Disposed	2021-12-16	Common Stock (889.0)	Indirect
2021-12-16	Common Stock	$12.75	M	18	Disposed	2021-12-16	Common Stock (18.0)	Indirect
2021-12-16	Subscription Rights (Right to Buy)	$12.75	M	18	Disposed	2021-12-16	Common Stock (18.0)	Indirect
2021-12-16	Subscription Rights (Right to Buy)	$12.75	M	11	Disposed	2021-12-16	Common Stock (11.0)	Indirect
2021-12-16	Subscription Rights (Right to Buy)	$12.75	M	11	Disposed	2021-12-16	Common Stock (11.0)	Indirect
2021-12-16	Subscription Rights (Right to Buy)	$12.75	M	10118	Disposed	2021-12-16	Common Stock (10118.0)	Indirect

Footnotes

F1: On November 30, 2021, the issuer commenced a rights offering pursuant to which the issuer distributed non transferable subscription rights (the "Subscription Rights") to holders of record of it common stock as of 5:00 p.m. New York Time, on November 29, 2021. Each eligible recordholder received on Subscription Right for each share of common stock held of record by such holder as of the record date. Each Subscription Right entitled its holder, subject to certain limitations and conditions, to purchase 0.083768 shares of common stock at a subscription price of $12.75 per whole share. Holders of Subscription Rights that exercised in full such basic subscription rights were entitled, subject to certain limitations and conditions, to oversubscribe for additional shares of common stock that remained unsubscribed for the rights offering. The rights offering expired on December 16, 2021 and the Company announced the results of the offering on December 17, 2021.

F2: Shares directly acquired by the reporting person as a result of their exercise of subscription rights and oversubscription privilege in connection with the issuer's rights offering.

F3: The Reporting Person is an advisor of Pittco Direct Investment I. Pittco Direct Investment I is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the Pittco Direct Investment I shares in which the Reporting Person has no pecuniary interest.