0001493152-22-014352.txt : 20220518 0001493152-22-014352.hdr.sgml : 20220518 20220518172152 ACCESSION NUMBER: 0001493152-22-014352 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220516 FILED AS OF DATE: 20220518 DATE AS OF CHANGE: 20220518 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Frumberg Charles CENTRAL INDEX KEY: 0001314587 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39080 FILM NUMBER: 22940286 MAIL ADDRESS: STREET 1: 825 THIRD AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PowerFleet, Inc. CENTRAL INDEX KEY: 0001774170 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 834366463 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 123 TICE BLVD. CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07677 BUSINESS PHONE: 201-996-9000 MAIL ADDRESS: STREET 1: 123 TICE BLVD. CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07677 4 1 ownership.xml X0306 4 2022-05-16 0 0001774170 PowerFleet, Inc. PWFL 0001314587 Frumberg Charles C/O POWERFLEET, INC. 123 TICE BOULEVARD WOODCLIFF LAKE NJ 07677 1 0 0 0 Common Stock, par value $0.01 per share 2022-05-16 4 S 0 11716 2.2351 D 27699 I See footnote Common Stock, par value $0.01 per share 2022-05-17 4 S 0 27699 2.2543 D 0 I See footnote Common Stock, par value $0.01 per share 114660 D These transactions were executed in order to effect a final liquidation of Emancipation Capital SPV IV LLC ("Emancipation SPV IV"). This transaction was executed in multiple trades at prices ranging from $2.23 to $2.26, inclusive. The price reported above reflects the weighted average price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. In addition to the transaction noted in footnote (2), reflects shares resulting from pro rata distributions by Emancipation Capital, LP ("Emancipation LP") and Emancipation SPV IV that occurred prior to the earliest transaction date of this report. These securities are directly held by (i) Emancipation LP and (ii) Emancipation SPV IV. Emancipation Management LLC ("Emancipation Management") serves as the investment manager of Emancipation LP and Emancipation SPV IV. Emancipation Capital LLC ("Emancipation Capital") is the managing member of Emancipation SPV IV. Mr. Frumberg is the managing member of Emancipation Management and Emancipation Capital. By virtue of the foregoing relationships, the Reporting Person may be deemed to indirectly beneficially own the securities directly held by Emancipation LP and Emancipation SPV IV. The Reporting Person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein. This transaction was executed in multiple trades at prices ranging from $2.19 to $2.34, inclusive. The price reported above reflects the weighted average price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. Includes 39,674 shares received as pro rata distributions from Emancipation LP and Emancipation SPV IV. /s/ Charles Frumberg 2022-05-18