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Filing Details

Accession Number:
0001382963-18-000042
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-02-23 20:26:05
Reporting Period:
2018-02-21
Accepted Time:
2018-02-23 20:26:05
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1591956 Sphere 3D Corp ANY () DE
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1166564 Cyrus Capital Partners, L.p. 65 East 55Th Street
35Th Floor
New York NY 10022
No No Yes No
1166774 Cyrus Capital Partners Gp, Llc C/o Cyrus Capital Partners, L.p.
65 East 55Th Street, 35Th Floor
New York NY 10022
No No Yes No
1251783 C Stephen Freidheim C/o Cyrus Capital Partners, L.p.
65 East 55Th Street, 35Th Floor
New York NY 10022
No No Yes No
1328640 Cyrus Opportunities Master Fund Ii, Ltd. C/o Cyrus Capital Partners, L.p.
65 East 55Th Street, 35Th Floor
New York NY 10022
No No Yes No
1436902 Crescent 1 Lp C/o Cyrus Capital Partners, L.p.
65 East 55Th Street, 35Th Floor
New York NY 10022
No No Yes No
1530547 S.a.r.l. Holdings Fbc C/o Cyrus Capital Partners, L.p.
65 East 55Th Street, 35Th Floor
New York, NY 10022
No No Yes No
1569790 Cyrus Select Opportunities Master Fund, Ltd. C/o Cyrus Capital Partners, L.p.
65 East 55Th Street, 35Th Floor
New York NY 10022
No No Yes No
1569793 Crs Master Fund, L.p. C/o Cyrus Capital Partners, L.p.
65 East 55Th Street, 35Th Floor
New York NY 10022
No No Yes No
1570401 Cyrus Capital Advisors, L.l.c. C/o Cyrus Capital Partners, L.p.
65 East 55Th Street, 35Th Floor
New York NY 10022
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 Disposition 2018-02-21 196,725 $0.00 822,471 No 4 S Indirect See Footnotes
Common Stock Disposition 2018-02-22 212,490 $2.21 609,981 No 4 S Indirect See Footnotes
Common Stock Disposition 2018-02-23 200,000 $2.21 409,981 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnotes
No 4 S Indirect See Footnotes
No 4 S Indirect See Footnote
Footnotes
  1. The shares of common stock ("Common Shares") sold were owned directly by FBC.
  2. The price per share reported in Column 4 is a weighted average price. These Common Shares were sold in multiple transactions at prices ranging US$2.39560 to US$2.64470. The Reporting Persons undertake to provide full information regarding the number of Common Shares sold at each price to the Commission upon request.
  3. Upon completion of the sale by FBC of 196,725 Common Shares of the Issuer, Cyrus Opportunities Master Fund II, Ltd. ("Cyrus Opportunities") directly owns 18,934 Common Shares of the Issuer; CRS Master Fund, L.P. ("CRS") directly owns 6,058 Common Shares of the Issuer; Crescent I, L.P. ("Crescent") directly owns 6,961 Common Shares of the Issuer; Cyrus Select Opportunities Master Fund, Ltd. ("Cyrus Select") directly owns 3,057 Common Shares of the Issuer; and FBC Holdings S.a r.l. ("FBC) directly owns 787,641 Common Shares of the Issuer.
  4. This statement is being filed by Cyrus Capital Partners, L.P. ("Cyrus"), FBC , Cyrus Capital Partners GP, L.L.C. ("Cyrus GP"), Cyrus Opportunities, CRS , Crescent , Cyrus Select , Cyrus Capital Advisors, L.L.C. ("Cyrus Advisors") and Stephen C. Freidham (each of Cyrus, FBC, Cyrus GP, Cyrus Opportunities, CRS, Crescent, Cyrus Select, Cyrus Advisors and Mr. Freidheim, collectively the "Reporting Persons"). FBC, a wholly owned subsidiary of Cyrus Opportunities, CRS, Crescent, Cyrus Select and Cyrus Europe Master Fund, Ltd., each of which are private investment funds engaged in the business of acquiring, holding and disposing of investments in various companies.
  5. Cyrus is the manager of FBC and the investment manager of each private fund holding an interest in FBC. Cyrus GP is the general partner of Cyrus. Cyrus Advisors is the general partner of Crescent and CRS. Mr. Freidheim is the manager of Cyrus GP and Cyrus GP is the managing member of Cyrus Advisors. Mr. Freidheim is also the Chief Investment Officer of Cyrus.
  6. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that each Reporting Person was, for the purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities of the Issuer held by the Reporting Persons, and such beneficial ownership was and is expressly disclaimed by the Reporting Persons except to the extent of their pecuniary interest.
  7. Such sales were conducted by the following entities and in the following amounts: Cyrus Opportunities sold 18,934 Common Shares of the Issuer; CRS sold 6,058 Common Shares of the Issuer; Crescent sold 6,961 shares of Common Shares of the Issuer; Cyrus Select sold 3,057 Common Shares of the Issuer; and FBC sold 177,480 Common Shares of the Issuer. Upon completion of these sales, FBC is the direct owner of the remaining 609,981 Common Shares owned by the Reporting Persons.
  8. The Common Shares are owned directly by FBC.