Filing Details

Accession Number:
0001550099-14-000009
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-09-02 17:26:56
Reporting Period:
2014-08-28
Filing Date:
2014-09-02
Accepted Time:
2014-09-02 17:26:56
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
716643 Regis Corp RGS Services-Personal Services (7200) 410749934
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1541457 Birch Run Capital Advisors, Lp 1350 Broadway Suite 2412
New York NY 10018
No No Yes No
1550099 Gordon Daniel Beltzman 1350 Broadway
Suite 2412
New York NY 10018
Yes No Yes No
1550336 Howard Gregory Smith 1350 Broadway
Suite 2412
New York NY 10018
No No Yes No
1599312 Brc Advisors Gp, Llc 1350 Broadway
Suite 2412
New York NY 10018
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 Acquisiton 2014-08-28 49,750 $14.93 1,529,201 No 4 P Indirect By Birch Run Capital Partners, LP
Common Stock Acquisiton 2014-08-28 58,275 $14.93 5,013,796 No 4 P Indirect By Walnut BRC, LP
Common Stock Acquisiton 2014-08-28 58,275 $14.93 3,942,863 No 4 P Indirect By Torch BRC, LP
Common Stock Acquisiton 2014-08-29 9,740 $15.06 1,538,941 No 4 P Indirect By Birch Run Capital Partners, LP
Common Stock Acquisiton 2014-08-29 19,785 $15.06 5,033,581 No 4 P Indirect By Walnut BRC, LP
Common Stock Acquisiton 2014-08-29 19,785 $15.06 3,962,648 No 4 P Indirect By Torch BRC, LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Birch Run Capital Partners, LP
No 4 P Indirect By Walnut BRC, LP
No 4 P Indirect By Torch BRC, LP
No 4 P Indirect By Birch Run Capital Partners, LP
No 4 P Indirect By Walnut BRC, LP
No 4 P Indirect By Torch BRC, LP
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 12,079 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $14.51 to $15.00, inclusive. The reporting person undertakes to provide to Regis Corporation, any security holder of Regis Corporation, 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 ranges set forth in this footnote (1) and footnote (6) to this Form 4.
  2. These securities are held directly by Birch Run Capital Partners, L.P., Walnut BRC, L.P. and Torch BRC, L.P. (collectively, "the Funds"). As of the date of this filing: Birch Run Capital Partners, L.P. is the record owner of 1,538,941 shares; Walnut BRC, L.P. is the record owner of 5,033,581 shares; and Torch BRC, L.P. is the record owner of 3,962,648 shares.
  3. Birch Run Capital GP, LLC serves as the General Partner to Birch Run Capital Partners, L.P. Walnut BRC GP, LLC serves as the General Partner to Walnut BRC, L.P. Torch BRC GP, LLC serves as the General Partner to Torch BRC, L.P. (collectively, "the General Partners"). Daniel Beltzman and Gregory Smith are the co-Managers of the General Partners. As owners of the General Partners to the Funds, Messrs. Beltzman and Smith may share in an allocation of the profits of the Funds.
  4. Birch Run Capital Advisors, LP (the "Adviser") serves as the Investment Adviser to the Funds. In connection with the services provided by the Adviser, the Adviser receives an asset-based management fee that does not confer any pecuniary interest in the securities held by the Funds. BRC Advisors GP, LLC ("Adviser GP") is the General Partner to the Adviser. Daniel Beltzman and Gregory Smith are the Limited Partners of the Adviser and the Co-Managers of the Adviser GP. The Adviser, the Adviser GP, Daniel Beltzman and Gregory Smith may be deemed to share voting and dispositive power over the reported securities.
  5. Each of the Adviser, the Adviser GP, Daniel Beltzman, and Gregory Smith disclaim beneficial ownership of any interests of the reported securities in excess of such person's or entity's respective pecuniary interest in the securities. This report shall not be deemed an admission that each of the Adviser, the Adviser GP, Daniel Beltzman, or Gregory Smith is the beneficial owner of such interests for purposes of Section 16 or any other purpose.
  6. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $14.95 to $15.10, inclusive.
  7. Reflects Restricted Stock Units (each a "RSU") previously granted to Daniel Beltzman, Co-Manager of the Adviser, as compensation for Mr. Beltzman's service on the Issuer's Board of Directors. Each RSU represents a contingent right to receive one share of RGS common stock.