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