Statement of Changes in Beneficial Ownership (4)
October 03 2019 - 4:15PM
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).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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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
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ACM Value Opportunities Fund I, LP |
2. Issuer Name and Ticker or Trading Symbol
Saker Aviation Services, Inc.
[
SKAS
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) __X__ Other (specify below) See Footnote (2)
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(Last)
(First)
(Middle)
C/O ARVICE CAPITAL MANAGEMENT, LLC, 110 EAST 25TH STREET - 3RD FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/1/2018
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(Street)
NEW YORK, NY 10011
(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
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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
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100000 (1)
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I
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See Footnote (2)
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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)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code (Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)
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8. Price of Derivative Security (Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Stock Option (Right to Buy)
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$2.40 (3)
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12/31/2018
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A (3)
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3333
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12/1/2019
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12/1/2023
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Common Stock
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3333 (3)
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$0
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3333 (3)
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I
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See Footnote (2)
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Explanation of Responses:
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(1)
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On March 1, 2019, Saker Aviation Services, Inc. effected a 1-for-30 reverse stock split (the "Reverse Split") of its common stock resulting in the reporting person's ownership of fewer shares of common stock than previously reported.
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(2)
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ACM Value Opportunities Fund I, LP, a Delaware limited partnership (the "Fund") is the direct owner. ACM Value Opportunities Fund I GP, LLC, a Delaware limited liability company is the general partner of the Fund. Arvice Capital Management, LLC, a Delaware limited liability company (the "Manager") is the manager of the Fund. Mr. Marc Chodock is the managing member of the Manager.
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(3)
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This option was granted under the Issuer's Stock Option Plan of 2005 in a transaction exempt under Rule 16b-3 and is reported on a post-Reverse Split basis.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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ACM Value Opportunities Fund I, LP C/O ARVICE CAPITAL MANAGEMENT, LLC 110 EAST 25TH STREET - 3RD FLOOR NEW YORK, NY 10011
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X
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See Footnote (2)
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Chodock Marc C/O ARVICE CAPITAL MANAGEMENT, LLC 110 EAST 25TH STREET - 3RD FLOOR NEW YORK, NY 10011
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X
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X
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ACM Value Opportunities Fund I GP, LLC C/O ARVICE CAPITAL MANAGEMENT, LLC 110 EAST 25TH STREET - 3RD FLOOR NEW YORK, NY 10011
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X
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See Footnote (2)
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Arvice Capital Management, LLC C/O ARVICE CAPITAL MANAGEMENT, LLC 110 EAST 25TH STREET - 3RD FLOOR NEW YORK, NY 10011
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X
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See Footnote (2)
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Signatures
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/s/ Ronald J. Ricciardi, Attorney-in-Fact for Marc Chodock, Managing Member of ACM Value Opportunities Fund I, LP
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10/3/2019
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**Signature of Reporting Person
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Date
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/s/ Ronald J. Ricciardi, Attorney-in-Fact for Marc Chodock
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10/3/2019
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**Signature of Reporting Person
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Date
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/s/ Ronald J. Ricciardi, Attorney-in-Fact for Marc Chodock, Managing Member of ACM Value Opportunities Fund I GP, LLC
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10/3/2019
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**Signature of Reporting Person
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Date
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/s/ Ronald J. Ricciardi, Attorney-in-Fact for Marc Chodock, Managing Member of Arvice Capital Management, LLC
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10/3/2019
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**Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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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.
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