Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Filing Details

Accession Number:
0001209191-19-041847
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-07-11 16:57:50
Reporting Period:
2019-07-10
Accepted Time:
2019-07-11 16:57:50
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 5850 Coral Ridge Dr Ste 309
Coral Springs FL 33076
No No Yes No
1681743 David Kanen 5850 Coral Ridge Dr Ste 309
Coral Springs FL 33076
No No Yes No
1688522 Philotimo Fund, Lp 5850 Coral Ridge Dr Ste 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 2019-07-10 1,015 $5.50 215,474 No 4 P Indirect Kanen Wealth Management, LLC
Common Stock Acquisiton 2019-07-11 300 $5.45 215,774 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
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 2,600 Direct
Common Stock 177,165 Indirect The Philotimo Fund, LP
Footnotes
  1. This Form 4 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 4 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"), 395,539 shares of Common Stock, which represent approximately 10.9% 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 218,374 shares of Common Stock held in customer accounts managed by KWM (including the 2,600 shares held in Mr. Kanen's account) and the 177,165 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. These shares relate to customer accounts that are no longer managed by Kanen Wealth Management LLC ("KWM").
  4. 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.