SEC Form 4
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*
Aristides Capital LLC

(Last) (First) (Middle)
25 SOUTH HURON, SUITE 2A

(Street)
TOLEDO OH 43604

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TORTOISE ENERGY INDEPENDENCE FUND, INC. [ NDP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/14/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 10/14/2020 P 210 A $10.83(3)(4) 80,524 I By: Aristides Fund QP, LP(1)
Common Stock 10/14/2020 P 390 A $10.83(3)(4) 149,544 I By: Aristides Fund LP(2)
Common Stock 10/15/2020 P 35 A $10.92(3) 80,559 I By: Aristides Fund QP, LP(1)
Common Stock 10/15/2020 P 65 A $10.92(3) 149,609 I By: Aristides Fund LP(2)
Common Stock 10/16/2020 P 2,030 A $10.78(3)(5) 82,589 I By: Aristides Fund QP, LP(1)
Common Stock 10/16/2020 P 3,772 A $10.78(3)(5) 153,381 I By: Aristides Fund LP(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
1. Name and Address of Reporting Person*
Aristides Capital LLC

(Last) (First) (Middle)
25 SOUTH HURON, SUITE 2A

(Street)
TOLEDO OH 43604

(City) (State) (Zip)
1. Name and Address of Reporting Person*
ARISTIDES FUND LP

(Last) (First) (Middle)
C/O ARISTIDES CAPITAL LLC
25 S. HURON STREET, SUITE 2A

(Street)
TOLEDO OH 43604

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Aristides Fund QP, LP

(Last) (First) (Middle)
C/O ARISTIDES CAPITAL LLC
25 S. HURON STREET, SUITE 2A

(Street)
TOLEDO OH 43604

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Brown Christopher M.

(Last) (First) (Middle)
C/O ARISTIDES CAPITAL LLC
25 SOUTH HURON, SUITE 2A

(Street)
TOLEDO OH 43604

(City) (State) (Zip)
Explanation of Responses:
1. Aristides Fund QP, LP (the "3c7 Fund") is a private investment vehicle. The 3c7 Fund directly owns these securities reported herein. Aristides Capital LLC (the "General Partner") is the general partner of the 3c7 Fund. Christopher M. Brown is the controlling person of the General Partner. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
2. Aristides Fund LP (the "3c1 Fund") is a private investment vehicle. The 3c1 Fund directly owns these securities reported herein. The General Partner is the general partner of the 3c1 Fund. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities and Exchange Act of1934 or for any other purpose.
3. All prices reported herein are exclusive of brokerage commissions.
4. This price is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.83 to $10.83, inclusive. 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 request, full information regarding the number of shares purchased at each separate price within the foregoing range.
5. This price is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.73 to $10.79, inclusive. 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 request, full information regarding the number of shares purchased at each separate price within the foregoing range.
/s/ Christopher M. Brown, for himself and as the Managing Member of the General Partner (for itself and on behalf of the 3c7 Fund and the 3c1 Fund) 10/16/2020
** 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).
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