Edgar Filing: Olesen Value Fund L.P.

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT 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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Olesen Value Fund L.P.

2. Issuer Name and Ticker or Trading Symbol
SOLITRON DEVICES INC [SODI]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

60 WEST BROAD STREET, SUITE 304,

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2018

(Street)

BETHLEHEM, PA 18108

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $0.01 par value ⁽¹⁾	11/14/2018		P		3,400	A	$ 2.61	240,320	D
Common Stock, $0.01 par value ⁽¹⁾	11/14/2018		P		3,400	A	$ 2.61	240,320	I	By Olesen Value Fund GP LLC ⁽²⁾
Common Stock, $0.01 par value ⁽¹⁾	11/14/2018		P		3,400	A	$ 2.61	240,320	I	By Olesen Capital Management LLC ⁽³⁾
Common Stock, $0.01 par value ⁽¹⁾	11/14/2018		P		3,400	A	$ 2.61	240,320	I	By Christian Olesen ⁽⁴⁾
Common Stock, $0.01 par value ⁽¹⁾	11/16/2018		P		2,500	A	$ 2.48	242,820	D
Common Stock, $0.01 par value ⁽¹⁾	11/16/2018		P		2,500	A	$ 2.48	242,820	I	By Olesen Value Fund GP LLC ⁽²⁾
Common Stock, $0.01 par value ⁽¹⁾	11/16/2018		P		2,500	A	$ 2.48	242,820	I	By Olesen Capital Management LLC ⁽³⁾
Common Stock, $0.01 par value ⁽¹⁾	11/16/2018		P		2,500	A	$ 2.48	242,820	I	By Christian Olesen ⁽⁴⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

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)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Olesen Value Fund L.P. 60 WEST BROAD STREET, SUITE 304 BETHLEHEM, PA 18108		X
Olesen Value Fund GP LLC 60 W. BROAD STREET SUITE 304 BETHLEHEM, PA 18018		X
Olesen Capital Management LLC 60 W. BROAD STREET SUITE 304 BETHLEHEM, PA 18018		X
Olesen Christian 60 W. BROAD STREET SUITE 304 BETHLEHEM, PA 18018		X

Signatures

By: Olesen Capital Management LLC,; By: /s/ Christian Olesen		11/20/2018
^**Signature of Reporting Person		Date
For Olesen Value Fund GP LLC; By: /s/ Christian Olesen, Managing Member		11/20/2018
^**Signature of Reporting Person		Date
For Olesen Capital Management LLC; By: Christian Olesen, Managing Member		11/20/2018
^**Signature of Reporting Person		Date
/s/ Christian Olesen		11/20/2018
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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)	This Form 4 is filed jointly by Olesen Value Fund L.P., Olesen Value Fund GP LLC, Olesen Capital Management LLC and Christian Olesen, the address of each of which is 60 W. Broad Street, Suite 304, Bethlehem, PA 18018 (collectively, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the shares of common Stock reported herein except to the extent of its or his pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
(2)	Shares of Common Stock beneficially owned directly by Olesen Value Fund L.P. Olesen Value Fund GP LLC, as the general partner of Olesen Value Fund L.P., may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Olesen Value Fund L.P.
(3)	Shares of Common Stock beneficially owned directly by Olesen Value Fund L.P. Olesen Capital Management LLC, as the investment manager of Olesen Value Fund L.P., may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Olesen Value Fund.
(4)	Shares of Common Stock beneficially owned directly by Olesen Value Fund L.P. Christian Olesen, as the managing member of Olesen Value Fund GP LLC and Olesen Capital Management LLC, may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Olesen Value Fund L.P.

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