Filing Details

Accession Number:
0000897069-10-000083
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-01-27 12:00:00
Reporting Period:
2010-01-25
Filing Date:
2010-01-27
Accepted Time:
2010-01-27 18:30:27
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
13606 White Electronic Designs Corp WEDC Semiconductors & Related Devices (3674) 350905052
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1455976 Randall Brian Kahn 3601 E. University Drive
Phoenix AZ 85034
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 Acquisiton 2010-01-25 938 $4.79 4,592,705 No 4 P Indirect By Desert Equity LP
Common Stock Acquisiton 2010-01-25 12,692 $4.80 4,605,397 No 4 P Indirect By Desert Equity LP
Common Stock Acquisiton 2010-01-26 928 $4.79 4,606,325 No 4 P Indirect By Desert Equity LP
Common Stock Acquisiton 2010-01-26 1,819 $4.80 4,608,144 No 4 P Indirect By Desert Equity LP
Common Stock Acquisiton 2010-01-26 9,400 $4.81 4,617,544 No 4 P Indirect By Desert Equity LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Desert Equity LP
No 4 P Indirect By Desert Equity LP
No 4 P Indirect By Desert Equity LP
No 4 P Indirect By Desert Equity LP
No 4 P Indirect By Desert Equity LP
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 803,700 Indirect By Caiman Partners, L.P.
Common Stock 22,500 Direct
Footnotes
  1. The reported securities are owned directly by Desert Equity LP, a Delaware limited partnership ("Desert Equity"). Desert Equity is controlled by its sole general partner, Desert Management LLC, a Delaware limited liability company ("Desert Management"). Brian R. Kahn is the sole member and manager of Desert Management. Accordingly, Mr. Kahn may be deemed to indirectly beneficially own the securities directly owned by Desert Equity. Mr. Kahn disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  2. The reported securities are owned directly by Caiman Partners, L.P., a Delaware limited partnership ("Caiman Partners"). Caiman Partners is controlled by its general partner, Caiman Capital GP, L.P., a Delaware limited partnership ("Caiman Capital"). Caiman Capital is controlled by its managing general partner, Caiman Capital Management, LLC, a Delaware limited liability company ("Caiman Management"). Caiman Management is controlled by its managing member, Brian R. Kahn. Accordingly, Mr. Kahn may be deemed to indirectly beneficially own the securities directly owned by Caiman Partners. Mr. Kahn disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  3. The reported securities include (i) 15,000 restricted stock shares that vest in three equal annual installments beginning February 9, 2010 and (ii) 7,500 restricted stock shares that vest in three equal annual installments beginning May 7, 2010.