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Filing Details

Accession Number:: 0001567619-19-022037
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-11-21 17:21:19
Reporting Period:: 2019-11-19

Accepted Time:: 2019-11-21 17:21:19
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1031623	Gulf Island Fabrication Inc	GIFI	Fabricated Structural Metal Products (3440)	721147390

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1343599	M Robert Averick	C/O Kokino Llc 201 Tresser Boulevard, 3Rd Floor Stamford CT 06901		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2019-11-19	15,152	$4.43	1,515,152	No	4	P	Indirect	See footnote 2 below.
Common Stock	Acquisiton	2019-11-20	33,952	$4.50	1,549,104	No	4	P	Indirect	See footnote 2 below.
Common Stock	Acquisiton	2019-11-21	249,258	$4.52	1,798,362	No	4	P	Indirect	See footnote 2 below.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnote 2 below.
No	4	P	Indirect	See footnote 2 below.
No	4	P	Indirect	See footnote 2 below.

Footnotes

Piton Capital Partners LLC, a Delaware limited liability company ("Piton") and family client of Kokino LLC ("Kokino"), also reports beneficial ownership of the Issuer's common stock pursuant to Rule 13d-1 of the Securities Exchange Act of 1934, as amended, pursuant to a Schedule 13D filed by Piton with the SEC on March 22, 2018, as amended on April 6, 2018, April 25, 2018, November 6, 2018 and November 21, 2019.
Indicates shares of the Issuer's common stock ("Shares") beneficially owned by Piton. Piton's managing member is Piton Capital Management LLC ("PCM"). PCM's managing member is Kokino, and Kokino is Piton's trading manager. Mr. Averick manages Piton's investment in the Issuer as Kokino's Portfolio Manager. Mr. Averick holds an economic interest in Piton (which interest may be held directly and, from time to time, indirectly through PCM). Also, Mr. Averick's incentive compensation as an employee of Kokino, which is calculated in Kokino's discretion, may be based, among other things, on the performance of Shares held by Piton. Such compensation may be paid in cash and/or by way of increasing Mr. Averick's minority interest in Piton (either directly or indirectly through PCM).
The prices reported in Column 4 are weighted average prices rounded to the nearest hundredth. These shares were purchased in multiple transactions at prices ranging from (i) with respect to November 19, 2019, $4.42 to $4.47, (ii) with respect to November 20, 2019, $4.475 to $4.50, and (iii) with respect to November 21, 2019, $4.40 to $4.75. Piton undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of Shares purchased at each separate price within the ranges set forth in footnote (3) to this Form 4.