Timothy Eriksen - Jun 28, 2021 Form 4 Insider Report for SOLITRON DEVICES INC (SODI)

Role
CEO, Interim CFO, Director, 10%+ Owner
Signature
/s/ Tim Eriksen
Stock symbol
SODI
Transactions as of
Jun 28, 2021
Transactions value $
$0
Form type
4
Date filed
10/28/2021, 01:24 PM
Next filing
Aug 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SODI Common Stock Will/Inheritance $0 +1.38K +2.68% $0.00 52.6K Jun 28, 2021 Direct F1, F2
holding SODI Common Stock 227K Jun 28, 2021 See Footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person inherited 1,375 shares of common stock from the estate of his mother. The shares were previously attributed to shares owned by managed accounts of Eriksen Capital Management LLC (see below).
F2 These securities are owned solely by Tim Eriksen ("Mr. Eriksen")
F3 Represents 198,341 shares owned by Cedar Creek Partners LLC, an investment partnership, for which Eriksen Capital Management LLC ("ECM") is Managing Member, and 28,975 shares owned by managed accounts of ECM. The respective owners of the managed accounts are responsible to vote the shares. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The number of shares owned by managed accounts of ECM decreased from previous filing due to disposition of Mr. Eriksen's mother's estate.
F4 This Form 4 is filed jointly by ECM, Cedar Creek Partners LLC, and Mr. Eriksen. By virtue of ECM's Investment Advisory Agreement with the clients of ECM, Mr. Eriksen may be deemed to beneficially own the Shares owned by Cedar Creek Partners and the managed accounts.