Filing Details

Accession Number:
0001209191-14-018961
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-03-10 17:21:52
Reporting Period:
2014-03-06
Filing Date:
2014-03-10
Accepted Time:
2014-03-10 17:21:52
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1314475 Spark Networks Inc LOV Services-Business Services, Nec (7389) 208901733
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1595560 Ian Jacobs 5015 Underwood Avenue
Omaha NE 68132
No No Yes No
1595563 402 Capital Llc 5015 Underwood Avenue
Omaha, NE 68132
No 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, Par Value $0.001 Per Share Acquisiton 2014-03-06 205,721 $4.55 1,563,904 No 4 P Indirect See Footnote
Common Stock, Par Value $0.001 Per Share Acquisiton 2014-03-07 50,000 $4.68 1,613,904 No 4 P Indirect See Footnote
Common Stock, Par Value $0.001 Per Share Acquisiton 2014-03-10 3,662 $4.85 1,617,566 No 4 P Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
Footnotes
  1. The filing of this Form 4 shall not be construed as an admission that Ian V. Jacobs ("Mr. Jacobs"), the managing member of 402 Capital, LLC ("402 Capital"), or 402 Capital, is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any of the shares of common stock, par value $0.001 (the "Common Stock") of Spark Networks, Inc. ("Issuer"), owned by 402 Fund, LP (the "Fund") or SCA Partners, LP ("SCA").
  2. Pursuant to Rule 16a-1, each of Mr. Jacobs and 402 Capital disclaims beneficial ownership except to the extent of their respective pecuniary interests.
  3. The reported shares of Common Stock are held by SCA. After giving effect to the transactions reported in this Form 4, SCA holds 1,617,566 shares of Common Stock. 402 Capital controls the voting and disposition of the Common Stock held by SCA, of which 402 Capital is the investment manager. An affiliate of 402 Capital, for which Mr. Jacobs is the managing member, serves as the general partner of SCA and receives an allocation of net profits from SCA. Mr. Jacobs reports the shares held indirectly by 402 Capital because, as the managing member of 402 Capital at the time of purchase, Mr. Jacobs controlled the disposition and voting of the securities.
  4. As previously reported on the reporting persons' Form 3 and Form 4s with respect to the Issuer, (1) the Fund holds 1,212,950 shares of Common Stock, and 402 Capital and Mr. Jacobs report the shares held by the Fund because as the investment manager of the Fund, and the managing member of 402 Capital, respectively, they control the disposition and voting of the securities and (2) Mr. Jacobs holds 25,000 shares of Common Stock in his personal account.
  5. This transaction was executed in multiple trades at prices ranging from $4.3500 to $4.6500. The price reported above in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer complete information regarding the number of shares and prices at which each of the individual transactions was effected.
  6. This transaction was executed in multiple trades at prices ranging from $4.6000 to $4.7500. The price reported above in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer complete information regarding the number of shares and prices at which each of the individual transactions was effected.