Statement of Changes in Beneficial Ownership (4)
May 14 2021 - 6:43PM
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
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JCH Crenshaw Holdings, LLC |
2. Issuer Name and Ticker or Trading Symbol
Stabilis Solutions, Inc.
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SLNG
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
1655 LOUISIANA STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/12/2021 |
(Street)
BEAUMONT, TX 77701
(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 | 5/12/2021 | | P(1) | | 1528 | A | $7.9714 (2) | 71399 | D | |
Common Stock | 5/13/2021 | | P(1) | | 200 | A | $7.74 | 71599 | D | |
Common Stock | 5/14/2021 | | P(1) | | 1528 | A | $7.8935 (3) | 73127 | D | |
Common Stock | | | | | | | | 12949319 | I | See footnote (4) |
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) | The purchases by J. Casey Crenshaw reported in this Form 4 were effected pursuant to a Rule 10b5-1/10b-18 Purchase Plan adopted by Mr. Crenshaw on March 22, 2021. |
(2) | Represents a weighted average purchase price for the shares of common stock - the high price was $8.00 and the low price was $7.55. 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 written request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. |
(3) | Represents a weighted average purchase price for the shares of common stock - the high price was $7.90 and the low price was $7.88. 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 written request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. |
(4) | Includes 368,511 shares of common stock held by JCH Crenshaw Holdings, LLC ("JCH") and 12,580,808 shares of common stock held by LNG Investment Company, LLC ("Holdings"). Mr. Crenshaw is the sole managing member of JCH and is the sole manager of Holdings. As a result, Mr. Crenshaw may be deemed to share the power to vote and to dispose of the shares of common stock held by those entities, thus he may also be deemed to be the beneficial owner of these shares of common stock. Mr. Crenshaw disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Crenshaw is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
JCH Crenshaw Holdings, LLC 1655 LOUISIANA STREET BEAUMONT, TX 77701 | X | X |
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Crenshaw J. Casey 1655 LOUISIANA STREET BEAUMONT, TX 77701 | X | X |
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Signatures
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JCH Crenshaw Holdings, LLC By: /s/ J. Casey Crenshaw Name: J. Casey Crenshaw Title: President | | 5/14/2021 |
**Signature of Reporting Person | Date |
/s/ J. Casey Crenshaw | | 5/14/2021 |
**Signature of Reporting Person | Date |
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