Filing Details

Accession Number:
0001104659-20-093879
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-08-12 16:03:49
Reporting Period:
2020-08-10
Accepted Time:
2020-08-12 16:03:49
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
720500 Amtech Systems Inc ASYS Special Industry Machinery, Nec (3559) 860411215
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-08-10 50,000 $5.00 250,000 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 2,250,000 Indirect See footnote 2 below
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Director Stock Option (Right to Buy) $0.00 30,000 30,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
30,000 30,000 Direct
Footnotes
  1. Pursuant to a Schedule 13D filed on January 25, 2016 (as amended on August 24, 2017, December 18, 2017, July 17, 2018 and November 27, 2018) (as further amended from time to time, the "Schedule 13D"), (i) Piton Capital Partners LLC ("Piton"), Cornice Fiduciary Management LLC (as trustee of the Trust (as defined in the Schedule 13D)) and M3C Holdings LLC (collectively, the "Kokino Family Clients"), (ii) Mr. Averick, and (iii) OIH LLC also report beneficial ownership of shares of the Issuer's $.01 par value common stock ("Common Shares").
  2. Indicates 2,250,000 Common Shares beneficially owned by the Kokino Family Clients. Mr. Averick is a Portfolio Manager at Kokino LLC ("Kokino"). Mr. Averick manages the Kokino Family Clients' investment in the Issuer as a Portfolio Manager of Kokino. Mr. Averick holds an indirect interest in certain Common Shares through his minority ownership of Piton, which is a Kokino Family Client (which ownership may be held through Piton's managing member, Piton Capital Management LLC ("PCM")). Also, Mr. Averick's incentive compensation/allocation as an employee of Kokino and member of Piton, which are generally calculated in Kokino's discretion subject to Piton's and PCM's governing documents, may be based on the performance of Common Shares held by Kokino Family Clients. Such compensation/allocation may be paid or made in cash and/or by way of increasing Mr. Averick's interest in Piton (either directly or indirectly through PCM). Kokino is PCM's managing member.
  3. The reported price in Column 4 is a weighted average price rounded to the nearest hundredth. The shares were purchased in multiple transactions at prices ranging from $4.90 to $5.00 per share. Mr. Averick undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  4. This is the total of all derivative securities, including those with different terms and conditions, held by Mr. Averick as of the filing date of this Form 4.