UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Warrant (Right to Buy) | (2) | 11/30/2023 | Common Stock | 222,222 | $ 3.6 | I | See footnote (1) |
Warrant (Right to Buy) | (2) | 04/20/2023 | Common Stock | 92,600 | $ 3 | I | See footnote (1) |
Warrant (Right to Buy) | (2) | 06/14/2023 | Common Stock | 18,520 | $ 3 | I | See footnote (1) |
Warrant (Right to Buy) | (2) | 06/25/2023 | Common Stock | 69,450 | $ 3 | I | See footnote (1) |
Warrant (Right to Buy) | (2) | 06/28/2023 | Common Stock | 541,668 | $ 3 | I | See footnote (1) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Herr Brian C/O SUMMIT SEMICONDUCTOR, INC. 6840 VIA DEL ORO STE. 280 SAN JOSE, CA 95119 |
X |
/s/ Brian Herr | 07/27/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 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 |
(2) | 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 |