Statement of Changes in Beneficial Ownership (4)
September 13 2022 - 04:40PM
Edgar (US Regulatory)
FORM 4
[ ] 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
Estimated average burden
hours per response... 0.5 |
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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 * SHERWOOD NED
L |
2. Issuer Name and Ticker or Trading
Symbol BARNWELL INDUSTRIES INC [ BRN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director __X__
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
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(Last)
(First)
(Middle)
151 TERRAPIN POINT, |
3. Date of Earliest Transaction (MM/DD/YYYY)
8/15/2022
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(Street)
VERO BEACH, FL 32963
(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 |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. 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) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock, par value $0.50 per
share |
8/15/2022 |
|
P |
|
61366 |
A |
$2.9063 (3) |
1643932.138 (1) |
I |
MRMP-Managers LLC |
Common Stock, par value $0.50 per
share |
8/19/2022 |
|
P |
|
1723 |
A |
$2.86 |
1645655.138 (1) |
I |
MRMP-Managers LLC |
Common Stock, par value $0.50 per
share |
8/25/2022 |
|
P |
|
1047 |
A |
$3.01 |
1646702.138 (1) |
I |
MRMP-Managers LLC |
Common Stock, par value $0.50 per
share |
8/26/2022 |
|
P |
|
20000 |
A |
$2.955 (4) |
1666702.138 (1) |
I |
MRMP-Managers LLC |
Common Stock, par value $0.50 per
share |
8/29/2022 |
|
P |
|
1113 |
A |
$2.98 |
1667815.138 (1) |
I |
MRMP-Managers LLC |
Common Stock, par value $0.50 per
share |
8/30/2022 |
|
P |
|
5000 |
A |
$2.99 |
1672815.138 (1) |
I |
MRMP-Managers LLC |
Common Stock, par value $0.50 per
share |
8/31/2022 |
|
P |
|
5000 |
A |
$2.96 |
1677815.138 (1) |
I |
MRMP-Managers LLC |
Common Stock, par value $0.50 per
share |
9/1/2022 |
|
P |
|
4000 |
A |
$2.95 (5) |
1681815.138 (1) |
I |
MRMP-Managers LLC |
Common Stock, par value $0.50 per
share |
9/12/2022 |
|
P |
|
5341 |
A |
$2.9551 (6) |
1687156.138 (1) |
I |
MRMP-Managers LLC |
Common Stock, par value $0.50 per
share |
9/13/2022 |
|
P |
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30000 |
A |
$3.0033 (7) |
1717156.138 (1) |
I |
MRMP-Managers LLC |
Common Stock, par value $0.50 per
share |
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|
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|
|
|
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238038 (2) |
I |
Ned L. Sherwood Revocable
Trust |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
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) |
Shares are held by
MRMP-Managers LLC, of which Mr. Sherwood is Chief Investment
Officer. Mr. Sherwood disclaims beneficial ownership of such shares
except to the extent of his pecuniary interest therein. |
(2) |
Shares are held by the Ned
L. Sherwood Revocable Trust, of which Mr. Sherwood is the sole
trustee and beneficiary. Mr. Sherwood disclaims beneficial
ownership of such shares except to the extent of his pecuniary
interest therein. |
(3) |
The price reported
represents a weighted average price. These shares were purchased in
multiple transactions at prices ranging from $2.89 and $2.93 per
share. The Reporting Persons undertake to provide to the Company,
any security holder of the Company, or the staff of the Securities
and Exchange Commission, upon request, full information regarding
the number of shares purchased at each separate price. |
(4) |
The price reported
represents a weighted average price. These shares were purchased in
multiple transactions at prices ranging from $2.93 and $2.97 per
share. The Reporting Persons undertake to provide to the Company,
any security holder of the Company, or the staff of the Securities
and Exchange Commission, upon request, full information regarding
the number of shares purchased at each separate price. |
(5) |
The price reported
represents a weighted average price. These shares were purchased in
multiple transactions at prices ranging from $2.91 and $2.97 per
share. The Reporting Persons undertake to provide to the Company,
any security holder of the Company, or the staff of the Securities
and Exchange Commission, upon request, full information regarding
the number of shares purchased at each separate price. |
(6) |
The price reported
represents a weighted average price. These shares were purchased in
multiple transactions at prices ranging from $2.94 and $2.98 per
share. The Reporting Persons undertake to provide to the Company,
any security holder of the Company, or the staff of the Securities
and Exchange Commission, upon request, full information regarding
the number of shares purchased at each separate price. |
(7) |
The price reported
represents a weighted average price. These shares were purchased in
multiple transactions at prices ranging from $3.00 and $3.01 per
share. The Reporting Persons undertake to provide to the Company,
any security holder of the Company, or the staff of the Securities
and Exchange Commission, upon request, full information regarding
the number of shares purchased at each separate price. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
SHERWOOD NED L
151 TERRAPIN POINT
VERO BEACH, FL 32963 |
|
X |
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MRMP Managers LLC
C/O SOUTH DAKOTA TRUST COMPANY
201 S. PHILLIPS AVENUE
SIOUX FALLS, SD 57104 |
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X |
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Ned L. Sherwood Revocable Trust
151 TERRAPIN POINT
VERO BEACH, FL 32963 |
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X |
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Signatures
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/s/ Ned L. Sherwood |
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9/13/2022 |
**Signature
of Reporting Person |
Date |
MRMP-MANAGERS LLC /s/ Ned L. Sherwood, Chief
Investment Officer |
|
9/13/2022 |
**Signature
of Reporting Person |
Date |
NED L. SHERWOOD REVOCABLE TRUST /s/ Ned L.
Sherwood, Trustee |
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9/13/2022 |
**Signature
of Reporting Person |
Date |
Reminder: Report on a separate line for each class
of securities beneficially owned directly or
indirectly. |
* |
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). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
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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