Statement of Changes in Beneficial Ownership (4)
April 21 2022 - 07:18PM
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 * Corre Partners
Management, LLC |
2. Issuer Name and Ticker or Trading
Symbol NN INC [ NNBR ] |
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)
12 EAST 49TH STREET 40TH FLOOR |
3. Date of Earliest Transaction (MM/DD/YYYY)
4/19/2022
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(Street)
NEW YORK, NY 10017
(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 $0.01 per
share |
4/19/2022 |
|
P |
|
274619 |
A |
$2.5998 (1) |
4042949 |
I |
Footnote (2) |
Common Stock, par value $0.01 per
share |
4/20/2022 |
|
P |
|
59802 |
A |
$2.7318 (3) |
4102751 |
I |
Footnote (2) |
Common Stock, par value $0.01 per
share |
4/21/2022 |
|
P |
|
69495 |
A |
$2.7483 (4) |
4172246 |
I |
Footnote (2) |
Common Stock, par value $0.01 per
share |
|
|
|
|
|
|
|
620735 |
I |
Footnote (5) |
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 |
Common Stock Purchase
Warrant |
$12.00 |
|
|
|
|
|
|
12/11/2019 |
12/11/2026 |
Common Stock, par value $0.01 per
share |
720000 |
|
720000 |
I |
Footnote (2) |
Common Stock Purchase
Warrant |
$12.00 |
|
|
|
|
|
|
12/11/2019 |
12/11/2026 |
Common Stock, par value $0.01 per
share |
195000 |
|
195000 |
I |
Footnote (5) |
Explanation of
Responses: |
(1) |
The price reported in Column
4 is a weighted average price. These shares were purchased in
multiple transactions within the range of $2.55 to $2.62. The
Reporting Persons undertake to provide to the Issuer, any security
holder of the Issuer or the staff of the Securities and Exchange
Commission, upon request, full information regarding the number of
shares purchased at each separate price within the ranges set forth
in this footnote. |
(2) |
The reported securities are
directly owned by Corre Opportunities Qualified Master Fund, LP
(the "Qualified Master Fund"). The reported securities may be
deemed beneficially owned by Corre Partners Management, LLC
("Corre"), the investment manager of the Qualified Master Fund,
Corre Partners Advisors, LLC ("Corre GP"), the general partner of
the Qualified Master Fund, and John Barrett and Eric Soderlund, the
managing members of Corre and Corre GP, each a Reporting Person.
Each Reporting Person disclaims beneficial ownership of the
reported securities except to the extent of its pecuniary interest
therein, and this report shall not be deemed to be an admission
that any Reporting Person is the beneficial owner of the securities
for purposes of Section 16 of the Securities Exchange Act of 1934,
as amended, or for any other purpose. |
(3) |
The price reported in Column
4 is a weighted average price. These shares were purchased in
multiple transactions within the range of $2.64 to $2.75. The
Reporting Persons undertake to provide to the Issuer, any security
holder of the Issuer or the staff of the Securities and Exchange
Commission, upon request, full information regarding the number of
shares purchased at each separate price within the ranges set forth
in this footnote. |
(4) |
The price reported in Column
4 is a weighted average price. These shares were purchased in
multiple transactions within the range of $2.70 to $2.75. The
Reporting Persons undertake to provide to the Issuer, any security
holder of the Issuer or the staff of the Securities and Exchange
Commission, upon request, full information regarding the number of
shares purchased at each separate price within the ranges set forth
in this footnote. |
(5) |
The reported securities are
directly owned by Corre Horizon Fund, LP (the "Partnership"). The
reported securities may be deemed beneficially owned by Corre, the
investment manager of the Partnership, Corre GP, the general
partner of the Partnership, and John Barrett and Eric Soderlund,
the managing members of Corre and Corre GP, each a Reporting
Person. Each Reporting Person disclaims beneficial ownership of the
reported securities except to the extent of its pecuniary interest
therein, and this report shall not be deemed to be an admission
that any Reporting Person is the beneficial owner of the securities
for purposes of Section 16 of the Securities Exchange Act of 1934,
as amended, or for any other purpose. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Corre Partners Management, LLC
12 EAST 49TH STREET 40TH FLOOR
NEW YORK, NY 10017 |
|
X |
|
|
Corre Partners Advisors LLC
12 EAST 49TH STREET 40TH FLOOR
NEW YORK, NY 10017 |
|
X |
|
|
Barrett John Frederick
12 EAST 49TH STREET 40TH FLOOR
NEW YORK, NY 10017 |
|
X |
|
|
Soderlund Eric Hjalmar
12 EAST 49TH STREET 40TH FLOOR
NEW YORK, NY 10017 |
|
X |
|
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Signatures
|
Corre Partners Management, LLC, /s/ Eric
Soderlund, Managing Member |
|
4/21/2022 |
**Signature of
Reporting Person |
Date |
Corre Partners Advisors, LLC, /s/ Eric Soderlund,
Managing Member |
|
4/21/2022 |
**Signature of
Reporting Person |
Date |
/s/ John Barrett |
|
4/21/2022 |
**Signature of
Reporting Person |
Date |
/s/ Eric Soderlund |
|
4/21/2022 |
**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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