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Datavault AI Inc. — Director's Dealing 2018
Jul 27, 2018
33710_dirs_2018-07-27_aac25614-5064-4c9b-ace6-fc4f0aedbea0.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Summit Semiconductor Inc. (WISA)
CIK: 0001682149
Period of Report: 2018-07-27
Reporting Person: Herr Brian (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1970348 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Warrant (Right to Buy) | $3.60 | 2023-11-30 | Common Stock (222222) | Indirect | |
| Warrant (Right to Buy) | $3.00 | 2023-04-20 | Common Stock (92600) | Indirect | |
| Warrant (Right to Buy) | $3.00 | 2023-06-14 | Common Stock (18520) | Indirect | |
| Warrant (Right to Buy) | $3.00 | 2023-06-25 | Common Stock (69450) | Indirect | |
| Warrant (Right to Buy) | $3.00 | 2023-06-28 | Common Stock (541668) | Indirect |
Footnotes
F1: These securities of Summit Semiconductor, Inc. (the "Company") are held in equal portions by Medalist Partners Harvest Master Fund, Ltd. and Medalist Partners Opportunity Master Fund A, L.P. (together, the "Medalist Funds"), each of which is managed by Medalist Partners LP ("Medalist"). Brian Herr is an employee of Medalist and/or one of its affiliates, is a co-portfolio manager for each of the Medalist Funds and is a member of the board of directors of the Company. Mr. Herr does not individually hold or otherwise beneficially own any of these securities. Each of the Medalist Funds has delegated to Medalist, and to Mr. Herr as a co-portfolio manager for each of the Medalist Funds, the power to vote and the power to direct the disposition of these securities held by the Medalist Funds. Mr. Herr disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein
F2: These warrants are currently exercisable but contain a provision prohibiting exercise to the extent that the holder, together with its affiliates, would beneficially own in excess of 9.99% of the number of shares of the Company's common stock outstanding immediately after giving effect to such exercise, subject to increase or decrease upon prior written notice to the Company, in the case of any increase, of not less than 61 days