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*
BIGLARI, SARDAR

(Last) (First) (Middle)
17802 IH 10 WEST
SUITE 400

(Street)
SAN ANTONIO TX 78257

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CCA INDUSTRIES INC [ CAW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/14/2016
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, par value $0.01 per share(1) 06/14/2016 S(2) 776,259 D (3) 0 I(2)(4) By The Lion Fund, L.P.
Common Stock, par value $0.01 per share(1) 06/14/2016 P(5) 776,259 A (3) 776,259 I(5)(6) By Biglari Holdings Inc.
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
Stock Option (Right to Sell)(1) $6 06/14/2016 S(2) 776,259 01/01/2019(7) 01/31/2019(7) Common Stock 776,259 (3) 0 I(2)(4) By The Lion Fund, L.P.
Stock Option (Right to Sell)(1) $6 06/14/2016 P(5) 776,259 01/01/2019(7) 01/31/2019(7) Common Stock 776,259 (3) 776,259 I(5)(6) By Biglari Holdings Inc.
1. Name and Address of Reporting Person*
BIGLARI, SARDAR

(Last) (First) (Middle)
17802 IH 10 WEST
SUITE 400

(Street)
SAN ANTONIO TX 78257

(City) (State) (Zip)
1. Name and Address of Reporting Person*
BIGLARI CAPITAL CORP.

(Last) (First) (Middle)
17802 IH 10 WEST
SUITE 400

(Street)
SAN ANTONIO TX 78257

(City) (State) (Zip)
1. Name and Address of Reporting Person*
LION FUND, L.P.

(Last) (First) (Middle)
17802 IH 10 WEST
SUITE 400

(Street)
SAN ANTONIO TX 78257

(City) (State) (Zip)
Explanation of Responses:
1. This Form 4 is filed jointly by Sardar Biglari, The Lion Fund, L.P. ("The Lion Fund"), and Biglari Capital Corp. ("BCC"). Each of Mr. Biglari, the Lion Fund and BCC disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
2. Securities formerly owned directly by The Lion Fund.
3. On June 14, 2016, The Lion Fund distributed 776,259 shares of Common Stock to Biglari Holdings Inc. ("BH") pursuant to an agreement (the "Stockholders Agreement") that grants BH the put right described in footnote 7. In exchange for that distribution and the other rights under the Stockholders Agreement, BH was redeemed from limited partnership interests in The Lion Fund worth approximately $4,463,489.
4. BCC is the general partner of The Lion Fund. Mr. Biglari is the Chairman and Chief Executive Officer of BCC and has investment discretion over the securities owned by The Lion Fund. By virtue of these relationships, BCC and Mr. Biglari may have been deemed to beneficially own the shares of Common Stock of the Issuer owned directly by The Lion Fund.
5. Securities owned directly by BH.
6. Mr. Biglari is the Chairman and Chief Executive Officer of BH and has investment discretion over the securities owned by BH. By virtue of this relationship, Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by BH.
7. The Stock Option is exercisable for 30 days beginning January 1, 2019 or upon the earlier occurrence of certain events.
Remarks:
/s/ Sardar Biglari 06/16/2016
By: Biglari Capital Corp.; By: /s/ Sardar Biglari, Chairman and Chief Executive Officer 06/16/2016
By: The Lion Fund, L.P.; By: Biglari Capital Corp., its general partner; By: /s/ Sardar Biglari, Chairman and Chief Executive Officer 06/16/2016
** 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).
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