CPS TECHNOLOGIES CORP/DE/ — Director's Dealing 2021

Mar 24, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK: 0000814676
Period of Report: 2021-03-22

Reporting Person: Peregrine Financial Corp (10% Owner)
Reporting Person: Peregrine Trust Company, LLC (10% Owner)
Reporting Person: Peregrine Holdings LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	815894	Indirect
Common Stock	813833	Indirect

Footnotes

F1: Represents 813,834 shares held directly by CMS Holdings, L.L.C. ("CMS Holdings") and 2,060 shares held directly by Stephen R. Currier Continuing Trust Under Article Seventh of the Last Will and Testament of Michael S. Currier fbo Ailsa Christina Griscom Currier and her descendants ("SRC Trust"). Peregrine Financial Corporation ("PFC") provides administrative support services to Peregrine Trust Company, LLC ("PTC"), which is the trustee of MSC Trust (Trust u/w dtd 12/12/96 Michael S. Currier (Art 8th) fbo Karin A. Griscom) ("MSC Trust") and SRC Trust. CMS Holdings is wholly owned by MSC Trust. For its services, PFC receives a fixed fee not based on the performance of the shares, which fee is exempt pursuant to Rule 16a-1(a)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and therefore has no pecuniary interest in the shares.

F2: Represents shares held directly by Peregrine Holdings, LLC ("Peregrine Holdings"). PFC provides administrative support services to Peregrine Holdings and for its services receives a fixed fee not based on the performance of the shares, which fee is exempt pursuant to Rule 16a-1(a)(2) of the Exchange Act, and therefore has no pecuniary interest in the shares.

F3: Represents shares received by the reporting person pursuant to a pro rata distribution in kind, for no value, effected on March 19, 2021 by ARD Master, L.P. The reporting persons disclaim that they may be deemed to be acting in a "group" as that term is used in Rule 13d-5 of the Exchange Act.