Filing Details

Accession Number:
0001209191-10-056646
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-11-23 18:29:31
Reporting Period:
2010-11-22
Filing Date:
2010-11-23
Accepted Time:
2010-11-23 18:29:31
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1265572 Kona Grill Inc KONA Retail-Eating Places (5812) 200216690
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1434431 Bbs Capital Fund Lp 4975 Preston Park Blvd., Suite 775W
Plano TX 75093
Yes No Yes No
1453410 Berke Bakay 4975 Preston Park Blvd., Suite 775W
Plano TX 75093
Yes No Yes No
1453528 Bbs Capital, Llc 4975 Preston Park Blvd., Suite 775W
Plano TX 75093
Yes No Yes No
1453529 Bbs Capital Management, Lp 4975 Preston Park Blvd., Suite 775W
Plano TX 75093
Yes No Yes No
1453530 Bbs Capital Gp, Lp 4975 Preston Park Blvd., Suite 775W
Plano TX 75093
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $0.01 Par Value Per Share Acquisiton 2010-11-22 36,970 $4.02 1,261,109 No 4 P Indirect By Fund
Common Stock, $0.01 Par Value Per Share Acquisiton 2010-11-23 28,891 $4.25 1,290,000 No 4 P Indirect By Fund
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Fund
No 4 P Indirect By Fund
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $0.01 Par Value Per Share 10,000 Direct
Footnotes
  1. Price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $3.66 to $4.15, inclusive. The reporting persons undertake to provide Kona Grill, Inc. (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 range specified above.
  2. The filing of this Form 4 shall not be construed as an admission that BBS Capital Management, LP ("BBS Management"), BBS Capital GP, LP ("BBS GP"), BBS Capital, LLC ("BBS Capital") or Mr. Berke Bakay are or were for the purpose of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the shares of common stock, par value $0.01 per share ("Common Stock"), of Kona Grill, Inc. (the "Issuer") owned by BBS Capital Fund, LP (the "Fund"). Mr. Bakay, BBS GP, BBS Management and BBS Capital each disclaim any such beneficial ownership except to the extent of their pecuniary interest.
  3. The Fund beneficially owns 1,290,000 shares of Common Stock of the Issuer as of November 23, 2010. BBS GP, as general partner of the Fund, BBS Capital, as the general partner of BBS GP, and Mr. Bakay may be deemed to have an indirect pecuniary interest in such shares due to the performance allocation from the Fund and their direct or indirect partnership interests in the Fund. BBS Management, as investment manager to the Fund receives an asset-based management fee from the Fund and, therefore, has no pecuniary interest.
  4. Price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $4.14 to $4.25, inclusive. The reporting persons undertake to provide Kona Grill, Inc. (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 range specified above.