13D Filing: Piton Capital Partners LLC and Evolving Systems Inc (EVOL)

Page 4 of 6 – SEC Filing

CUSIP No. 30049R209
SCHEDULE 13D/A
Page 4 of 6 Pages
Shares Beneficially Owned by Reporting Person1
Percent of Class2
(a) and (b)
Sole Voting Power
792,089
6.3%
Shared Voting Power
-0-
0%
Sole Dispositive Power
792,089
6.3%
Shared Dispositive Power
-0-
0%
Aggregate Voting and Dispositive Power
792,089
6.3%
(c)
The following table sets forth all transactions in the Shares effected by the Reporting Person in the past sixty days since the filing of this Amendment No. 1. All such transactions were effected in the open market through various brokerage entities, and the reported price per share excludes brokerage commissions.  The Reporting Person undertakes to provide upon request by the SEC staff full information regarding the number of Shares purchased or sold at each separate price.
Trade Date
Shares Purchased (Sold)
Weighted Average Price Per Share ($)
Range of Prices ($)
6/13/2017
1,733
5.1364
5.05 – 5.15
6/12/2017
12,165
5.1992
5.15 – 5.2
6/9/2017
13,766
5.1946
5.15 – 5.2
6/8/2017
6,325
5.146
5.125 – 5.15
6/7/2017
22,510
5.0943
5.05 – 5.15
6/1/2017
1,290
5.25
N/A
5/31/2017
1,020
5.25
N/A
5/30/2017
1,500
5.25
N/A
5/24/2017
1,580
5
N/A
5/23/2017
11,200
5.077
5.05 – 5.1
5/18/2017
5,400
5.0394
5.0 – 5.05
5/17/2017
9,800
5.0492
5.025 – 5.05
5/16/2017
2,800
5.05
N/A
5/15/2017
1,000
5.05
N/A
5/11/2017
5,862
5.5548
5.5 – 5.7
5/4/2017
5,372
4.95
N/A
5/3/2017
2,000
4.95
N/A
5/2/2017
25,538
4.9489
4.9 – 4.95
5/1/2017
356
4.95
N/A
4/20/2017
16,862
4.8289
4.8 – 4.85
4/18/2017
17,400
4.7499
4.725 – 4.75
4/17/2017
11,610
4.7455
4.725 – 4.75




1          The Reporting Person is a pooled investment vehicle formed for the benefit of a single family and certain “key employees” (as defined in SEC Rule 202(a)(11)(G)-1 (the “Family Office Rule”)) of Kokino.  The Reporting Person is managed by its managing member, PCM.  PCM is in turn managed by its managing member, Kokino.  Additionally, Kokino is the trading manager of the Reporting Person, and in that capacity Kokino acts on behalf of the Reporting Person as an agent.  Robert Averick, in his capacity as an employee of Kokino, manages the Reporting Person’s investment in the Shares. PCM, Kokino and Mr. Averick have no pecuniary interest in the Shares beneficially owned by the Reporting Person, except for a minority interest Mr. Averick owns in Piton (which interest may be held directly and, from time to time, indirectly through PCM).  PCM and Kokino are each a “family office” (as defined in the Family Office Rule) of the same family, and any voting power or investment power PCM, Kokino or Mr. Averick may hold over the Shares is ultimately attributed to the Reporting Person.
2          This calculation is rounded to the nearest tenth and is based upon 12,475,265 Shares outstanding, as reported in the Issuer’s Quarterly Report on Form 10-Q filed on May 11, 2017.

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