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RETRACTABLE TECHNOLOGIES INC — Director's Dealing 2022
May 2, 2022
34871_dirs_2022-05-02_6f63179d-ddb7-4391-bacf-b07f139f2667.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: RETRACTABLE TECHNOLOGIES INC (RVP)
CIK: 0000946563
Period of Report: 2022-04-28
Reporting Person: Leonard Braden Michael (10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3350000 | Indirect |
| Common Stock | 387500 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Put Option (obligation to buy) | $5 | 2023-01-20 | Common Stock (303000) | Indirect |
Footnotes
F1: BML Capital Management, LLC ("BML Capital") serves as the general partner of BML Investment Partners, L.P., a Delaware limited partnership (the "Fund"), which is the direct owner of the subject shares. Mr. Leonard is the managing member of BML Capital, and exercises investment and voting control over the subject shares. Accordingly, shares owned directly by the Fund may be regarded as being beneficially owned by Mr. Leonard. Notwithstanding, Mr. Leonard disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F2: The Fund wrote American Style put option contracts expiring in January 2023 (the "Put Options") which provide that the Fund will be required to purchase shares of Common Stock at the stated strike price if the counterparty exercises such option