Statement of Changes in Beneficial Ownership (4)
June 19 2020 - 4:31PM
Edgar (US Regulatory)
FORM 4
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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
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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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1. Name and Address of Reporting Person
*
BERMAN ROBERT ALAN |
2. Issuer Name and Ticker or Trading Symbol
Rekor Systems, Inc.
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REKR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Executive Officer |
(Last)
(First)
(Middle)
C/O REKOR SYSTEMS, INC., 7172 COLUMBIA GATEWAY DRIVE, SUITE 400 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/17/2020 |
(Street)
COLUMBIA, MD 21046
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
_
X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock (1) | 6/17/2020 | | G | | 1125000 | D | (2) | 3337104 | I (3) | By Avon Road Partners, L.P. |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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 | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Each of the reporting persons disclaims beneficial ownership of the Common Stock (as defined below) reported herein, except to the extent of his or its pecuniary interest therein. |
(2) | Avon Road Partners, L.P. ("Avon Road") transferred 1,125,000 shares of common stock of Rekor Systems, Inc. (the "Common Stock") to a trust to which Avon Road is a beneficiary, but has no investment control over the securities held by the trust. The reporting persons no longer have a beneficial ownership in the transferred shares. |
(3) | Mr. Berman is the general partner of Avon Road. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
BERMAN ROBERT ALAN C/O REKOR SYSTEMS, INC. 7172 COLUMBIA GATEWAY DRIVE, SUITE 400 COLUMBIA, MD 21046 | X | X | Chief Executive Officer |
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Avon Road Partners, L.P. 10000 TOWN CENTER AVE COLUMBIA, MD 21044 |
| X |
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Signatures
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/s/ Robert A. Berman | | 6/19/2020 |
**Signature of Reporting Person | Date |
/s/ Robert A. Berman, General Partner of Avon Road Partners, L.P. | | 6/19/2020 |
**Signature of Reporting Person | Date |
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