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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 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. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
EPIC VENTURE FUND IV, LLC 15 W. SOUTH TEMPLE #500 Salt Lake City, UT 84101 |
X | |||
Epic Expansion Capital Annex, LLC 15 W. SOUTH TEMPLE #500 SALT LAKE CITY, UT 84101 |
X | |||
ZIONS SBIC LLC 15 W. SOUTH TEMPLE #500 SALT LAKE CITY, UT 84101 |
X | |||
Epic Expansion Capital, LLC 15 W. SOUTH TEMPLE #500 SALT LAKE CITY, UT 84101 |
X | |||
MADSEN KENT 15 W. SOUTH TEMPLE #500 SALT LAKE CITY, UT 84101 |
X |
/s/ Kent I. Madsen, Manager of Epic Management Partners, LLC, Investment Manager of Epic Venture Fund IV, LLC | 05/13/2016 | |
**Signature of Reporting Person | Date | |
/s/ Kent I. Madsen, Manager of ZWMC, IV, L.L.C., Investment Manager of Zions SBIC LLC | 05/13/2016 | |
**Signature of Reporting Person | Date | |
/s/ Kent I. Madsen, an individual | 05/13/2016 | |
**Signature of Reporting Person | Date | |
/s/ Kenneth C. Wallace III, Member of Industry Ventures Management VII, L.L.C., Manager of Epic Expansion Capital Annex, LLC | 05/13/2016 | |
**Signature of Reporting Person | Date | |
/s/ Kenneth C. Wallace III, Member of IVPH III GP, L.L.C, Manager of Epic Expansion Capital, LLC | 05/13/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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) | Epic Management Partners, LLC (EMP) is the investment manager of Epic Venture Fund IV, LLC (EVF IV) and has sole voting and investment power with regard to the shares held directly by EVF IV. E. Nicholaus Efstratis and Kent I. Madsen are the managers of EMP and, therefore, may be deemed to share voting and investment power with regard to the shares held by EVF IV. Each of such individuals disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. The inclusion of these securities shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose. |
(2) | Until May 11, 2016, EMP was the investment manager of Epic Expansion Capital Annex, LLC (EECA) and had sole voting and investment power with regard to the shares held directly by EECA. Effective as of May 11, 2016, the members of EECA elected to remove EMP as the investment manager of EECA and appoint Industry Ventures Management VII, L.L.C. as the investment manager. As a result of such removal, EMP has no voting or investment power with regard to the shares held by EECA and thus no beneficial ownership with respect to such shares. EECA shall no longer be considered a member of a "group" with the other reporting persons filing this Form 4 for purposes of Section 13(d) of the Exchange Act or otherwise. |
(3) | ZWMC IV, L.L.C. (ZWMC) is the investment manager of Zions SBIC LLC (Zions SBIC) and has sole voting and investment power with regard to the shares held directly by Zions SBIC. E. Nicholaus Efstratis and Kent I. Madsen are the managers of ZWMC and, therefore, may be deemed to share voting and investment power with regard to the shares held by Zions SBIC. Each of such individuals disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. The inclusion of these securities shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose. |
(4) | Until May 11, 2016, EMP was the investment manager of Epic Expansion Capital, LLC (EEC) and had sole voting and investment power with regard to the shares held directly by EEC. Effective as of May 11, 2016, the members of EEC elected to remove EMP as the investment manager of EEC and appoint IVPH III GP, L.L.C. as the investment manager. As a result of such removal, EMP has no voting or investment power with regard to the shares held by EEC and thus no beneficial ownership. EEC shall no longer be considered a member of a "group" with the other reporting persons filing this Form 4 for purposes of Section 13(d) of the Exchange Act or otherwise. |
(5) | These shares are owned directly by Kent I. Madsen. |