Filing Details

Accession Number:
0000921895-19-000493
Form Type:
5
Zero Holdings:
No
Publication Time:
2019-02-14 20:05:03
Reporting Period:
2018-12-31
Accepted Time:
2019-02-14 20:05:03
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
945989 Astea International Inc ATEA Services-Prepackaged Software (7372) 232119058
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1681614 Kanen Wealth Management Llc 10141 Sweet Bay Court
Parkland FL 33076
No No Yes No
1681743 David Kanen 6429 Nw 65Th Way
Parkland FL 33067
No No Yes No
1688522 Philotimo Fund, Lp 5850 Coral Ridge Drive, Suite 309
Coral Springs FL 33076
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 2018-12-11 2,900 $5.48 197,910 No 4 P Indirect Kanen Wealth Management LLC
Common Stock Acquisiton 2018-12-28 2,325 $5.53 207,880 No 4 P Indirect Kanen Wealth Management LLC
Common Stock Acquisiton 2018-12-31 1,385 $5.70 209,265 No 4 P Indirect Kanen Wealth Management LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect Kanen Wealth Management LLC
No 4 P Indirect Kanen Wealth Management LLC
No 4 P Indirect Kanen Wealth Management LLC
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 2,600 Direct
Common Stock 170,599 Indirect The Philotimo Fund LP
Footnotes
  1. This Form 5 is filed jointly by David Kanen, Kanen Wealth Management, LLC ("KWM") and the Philotimo Fund, LP (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. The filing of this Form 5 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own.
  2. Mr. Kanen beneficially owns, pursuant to the beneficial ownership rules of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), 382,464 shares of Common Stock, which represent approximately 10.6% of the Issuer's outstanding shares of Common Stock. Pursuant to such beneficial ownership rules, Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the 211,865 shares of Common Stock held in customer accounts managed by KWM (including the 2,600 shares held in Mr. Kanen's account) and the 170,599 shares of Common Stock held by The Philotimo Fund LLC, of which KWM is the general partner. Mr. Kanen expressly disclaims such beneficial ownership except to the extent of his pecuniary interest therein. Mr. Kanen does not have a pecuniary interest under Section 16 of the Exchange Act in the shares of Common Stock held in customer accounts managed by KWM other than the 2,600 shares held in Mr. Kanen's account.
  3. Kanen Wealth Management LLC ("KWM") does not have a pecuniary interest in the shares of Common Stock held in customer accounts managed by KWM. The number reflected above excludes 2,600 shares held in Mr. Kanen's account as described in footnote 2 above.
  4. This transaction is being reported to include 2,900 shares that were omitted in a previously reported transaction on December 11, 2018. Accordingly, the stock ownership reported on subsequent Form 4s should have been adjusted to reflect the additional 2,900 shares.