Filing Details

Accession Number:
0001567619-19-017987
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-09-06 15:21:01
Reporting Period:
2019-09-06
Accepted Time:
2019-09-06 15:21:01
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1378950 U.s. Auto Parts Network Inc. PRTS Retail-Auto & Home Supply Stores (5531) 680623433
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1681614 Kanen Wealth Management Llc 5850 Coral Ridge Drive
Suite 309
Coral Springs FL 33076
No No Yes No
1681743 David Kanen 5850 Coral Ridge Drive
Suite 309
Coral Springs FL 33076
Yes 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 2019-09-06 100,000 $1.45 2,078,213 No 4 P Indirect The Philotimo Fund
Common Stock Acquisiton 2019-09-06 39,120 $1.43 2,117,333 No 4 P Indirect The Philotimo Fund
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect The Philotimo Fund
No 4 P Indirect The Philotimo Fund
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 173,514 Direct
Common Stock 2,850,086 Indirect Kanen Wealth Management LLC
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 shares of Common Stock listed in Column 4 of this Form 4, which represent approximately 14% 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 shares of Common Stock held in customer accounts managed by KWM as disclosed in this Form 4 (including the 173,514 shares held in Mr. Kanen's account) and the 2,117,333 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 173,514 shares held in Mr. Kanen's Account.
  3. 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 173,514 shares held in Mr. Kanen's account as described in footnote 2 above.