SEC Form 4: Satterfield Thomas A Jr bought $419,911 worth of shares (25,107 units at $16.72)
$ARKR
Restaurants
Consumer Discretionary
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ARK RESTAURANTS CORP [ ARKR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/20/2022 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction 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 | 12/20/2022 | P | 10,335 | A | $16.36(1) | 113,285 | I | By family members and related entities(2) | ||
| Common Stock | 12/21/2022 | P | 10,165 | A | $16.74(3) | 123,450 | I | By family members and related entities(4) | ||
| Common Stock | 12/21/2022 | P | 4,607 | A | $17.51(5) | 184,607 | I | By Caldwell Mill Opportunity Fund | ||
| Common Stock | 46,500 | D(6) | ||||||||
| Common Stock | 1,000 | I | By spouse | |||||||
| Common Stock | 50,000 | I | By Tomsat Investment & Trading Co., Inc. | |||||||
| Common Stock | 145,000 | I | By A.G. Family L.P.(7) | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $16.26 to $16.45. The reporting person undertakes 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 range set forth in this footnote. |
| 2. The reporting person has been granted limited powers of attorney to exercise voting and dispositive power with respect to these securities. |
| 3. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $16.56 to $17.08. The reporting person undertakes 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 range set forth in this footnote. |
| 4. The reporting person has been granted limited powers of attorney to exercise voting and dispositive power with respect to the securities held by the following parties: the reporting person's father (32,000 shares); the reporting person's brother (15,000 shares); the reporting person's sister (27,000 shares); the reporting person's brother-in-law (11,000 shares); Rita Phifer (10,000 shares); the reporting person's second brother-in-law (6,000 shares); the reporting person's nephew (2,000 shares); a trust for the reporting person's granddaughter (1,450 shares); a trust for the reporting person's second granddaughter (500 shares); the reporting person's step-sister (2,500 shares); the reporting person's second step-sister (2,000 shares); the reporting person's third step-sister and spouse (7,000 shares); the reporting person's fourth step-sister and spouse (4,000 shares); and the reporting person's fifth step-sister and spouse (3,000 shares). |
| 5. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $17.13 to $17.70. The reporting person undertakes 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 range set forth in this footnote. |
| 6. Includes 7,500 shares held jointly with the reporting person's spouse. |
| 7. The reporting person controls the general partner of the partnership that owns the reported securities. |
| Remarks: |
| Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities included herein in excess of the reporting person's pecuniary interest in such equity securities. |
| /s/ Thomas A. Satterfield, Jr. | 12/22/2022 | |
| ** 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 Number. | ||