0001161697-17-000074.txt : 20170124 0001161697-17-000074.hdr.sgml : 20170124 20170124160147 ACCESSION NUMBER: 0001161697-17-000074 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170120 FILED AS OF DATE: 20170124 DATE AS OF CHANGE: 20170124 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: REPRO MED SYSTEMS INC CENTRAL INDEX KEY: 0000704440 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 133044880 STATE OF INCORPORATION: NY FISCAL YEAR END: 0228 BUSINESS ADDRESS: STREET 1: 24 CARPENTER RD CITY: CHESTER STATE: NY ZIP: 10918 BUSINESS PHONE: 845-469-2042 MAIL ADDRESS: STREET 1: 24 CARPENTER RD CITY: CHESTER STATE: NY ZIP: 10918 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Horton Capital Partners, LLC CENTRAL INDEX KEY: 0001575443 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-12305 FILM NUMBER: 17543763 BUSINESS ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 39TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: (215) 399-5402 MAIL ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 39TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Horton Capital Management, LLC CENTRAL INDEX KEY: 0001575444 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-12305 FILM NUMBER: 17543764 BUSINESS ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 39TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: (215) 399-5402 MAIL ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 39TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Manko Joseph M. Jr. CENTRAL INDEX KEY: 0001664091 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-12305 FILM NUMBER: 17543765 MAIL ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 39TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 4 1 form_4.xml FORM 4 FOR 01-20-2017 X0306 4 2017-01-20 0 0000704440 REPRO MED SYSTEMS INC REPR 0001664091 Manko Joseph M. Jr. 1717 ARCH STREET 39TH FLOOR PHILADELPHIA PA 19103 1 0 1 0 0001575444 Horton Capital Management, LLC 1717 ARCH STREET 39TH FLOOR PHILADELPHIA PA 19103 0 0 1 0 0001575443 Horton Capital Partners, LLC 1717 ARCH STREET 39TH FLOOR PHILADELPHIA PA 19103 0 0 1 0 Common Stock 2017-01-20 4 P 0 30000 0.42 A 5735200 I By Horton Capital Management, LLC Common Stock 2017-01-23 4 P 0 15000 0.42 A 5750200 I By Horton Capital Management, LLC See Exhibit 99.1 to this Form 4 for explanation of note (1). See Exhibit 99.1 to this Form 4 for explanation of note (2). The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person. /s/ Joseph M. Manko, Jr. 2017-01-24 /s/ Joseph M. Manko, Jr., Managing Member of Horton Capital Management, LLC 2017-01-24 /s/ Joseph M. Manko, Jr., Managing Member of Horton Capital Partners, LLC 2017-01-24 EX-99 2 ex_99-1.htm EXHIBIT 99.1 TO FORM 4

EXHIBIT 99.1 TO FORM 4

Explanation of Responses:


(1)	The price reported in Column 4 is a weighted average price. The shares of common stock were purchased in multiple transactions at prices ranging from: (i) $0.41-$0.42 on January 20, 2017 and (ii) $0.41-$0.43 on January 23, 2017. The reporting person undertakes to provide to the issuer, any holder of the issuer’s common stock, 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 ranges set forth in this footnote (1) to this Form 4.

(2)	This Form 4 is filed jointly by Horton Capital Management, LLC, a Delaware limited liability company (“HCM”), Horton Capital Partners LLC, a Delaware limited liability company (“HCP”), and Joseph M. Manko, Jr. Pursuant to investment management agreements, HCM maintains investment and voting power with respect to shares of common stock of the issuer held by Horton Capital Partners Fund, LP, a Delaware limited partnership (“HCPF”). However, despite the delegation of investment and voting power to HCM, HCP may be deemed to be the beneficial owner of such securities under Rule 13d-3 of the Securities Exchange Act of 1934, as amended, because HCP has the right to acquire investment and voting power through termination of investment management agreements with HCM. As of January 20, 2017 and January 23, 2017, HCPF owned directly 4,859,685 and 4,874,685 shares of common stock of the issuer respectively. HCM also acts as an investment adviser to certain managed accounts. Under investment management agreements with managed account clients, HCM has investment and voting power with respect to shares of common stock of the issuer held in such managed accounts. HCP is the general partner of HCPF. Mr. Manko is the managing member of both HCM and HCP.

The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person.