Filing Details

Accession Number:
0001193805-20-001565
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-12-17 21:59:23
Reporting Period:
2020-07-15
Accepted Time:
2020-12-17 21:59:23
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1041024 Rockwell Medical Inc. RMTI Pharmaceutical Preparations (2834) 383317208
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1540462 Richmond Brothers, Inc. 3568 Wildwood Avenue
Jackson MI 49202
No No No Yes
1697890 Rbi Private Investment Ii, Llc 3568 Wildwood Avenue
Jackson MI 49202
No No No Yes
1698614 S. David Richmond 3568 Wildwood Avenue
Jackson MI 49202
No No Yes Yes
1698617 J. Matthew Curfman 3568 Wildwood Avenue
Jackson MI 49202
No No No Yes
1698718 Rbi Pi Manager, Llc 3568 Wildwood Avenue
Jackson MI 49202
No No Yes Yes
1698720 Rbi Private Investment I, Llc 3568 Wildwood Avenue
Jackson MI 49202
No No No Yes
1698822 Plan Sharing Profit 401(K) Brothers Richmond 3568 Wildwood Avenue
Jackson MI 49202
No No No Yes
1755611 Rbi Opportunities Fund, Llc 3568 Wildwood Avenue
Jackson MI 49202
No No No Yes
1772258 Rbi Opportunities Fund Ii, Llc 3568 Wildwood Avenue
Jackson MI 49202
No No No Yes
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 Disposition 2020-12-15 234,145 $1.11 3,651,658 No 4 S Indirect By: The RBI Opportunities Fund, LLC
Common Stock Disposition 2020-12-15 43,979 $1.10 1,611,780 No 4 S Indirect By: The RBI Opportunities Fund II, LLC
Common Stock Disposition 2020-12-16 185,855 $1.01 3,465,803 No 4 S Indirect By: The RBI Opportunities Fund, LLC
Common Stock Disposition 2020-12-16 136,021 $1.01 1,475,759 No 4 S Indirect By: The RBI Opportunities Fund II, LLC
Common Stock Disposition 2020-12-16 100,000 $1.02 64,841 No 4 S Indirect By: RBI Private Investment I, LLC
Common Stock Disposition 2020-12-16 100,000 $1.02 61,278 No 4 S Indirect By: Richmond Brothers, Inc.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By: The RBI Opportunities Fund, LLC
No 4 S Indirect By: The RBI Opportunities Fund II, LLC
No 4 S Indirect By: The RBI Opportunities Fund, LLC
No 4 S Indirect By: The RBI Opportunities Fund II, LLC
No 4 S Indirect By: RBI Private Investment I, LLC
No 4 S Indirect By: Richmond Brothers, Inc.
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 38,490 Indirect By: RBI Private Investment II, LLC
Common Stock 108,628 Indirect By: Richmond Brothers 401(k) Profit Sharing Plan
Common Stock 29,787 Indirect By: Spouse of David S. Richmond
Common Stock 797 Indirect By: Daughter of David S. Richmond
Common Stock 7 Indirect By: Son of David S. Richmond
Common Stock 52,837 Indirect By: Matthew J. Curfman
Common Stock 38,300 Indirect By: Spouse of Matthew J. Curfman
Footnotes
  1. This Form 4 is filed jointly by RBI Private Investment I, LLC ("RBI PI"), RBI Private Investment II, LLC ("RBI PII"), The RBI Opportunities Fund, LLC ("RBI Opportunities"), The RBI Opportunities Fund II, LLC ("RBI Opportunities II"), RBI PI Manager, LLC ("RBI Manager"), Richmond Brothers 401(k) Profit Sharing Plan ("RBI Plan"), Richmond Brothers, Inc. ("Richmond Brothers"), David S. Richmond and Matthew J. Curfman (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock.
  2. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  3. Represents securities directly owned by RBI Opportunities. RBI Manager, as the manager of RBI Opportunities, may be deemed to beneficially own the securities owned directly by RBI Opportunities. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI Opportunities.
  4. Represents securities directly owned by RBI Opportunities II. RBI Manager, as the manager of RBI Opportunities II, may be deemed to beneficially own the securities owned directly by RBI Opportunities II. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI Opportunities II.
  5. Represents securities directly owned by RBI PI. RBI Manager, as the manager of RBI PI, may be deemed to beneficially own the securities owned directly by RBI PI. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI PI.
  6. Represents securities directly owned by Richmond Brothers. Mr. Richmond, as the Chairman of Richmond Brothers, may be deemed to beneficially own the securities owned directly by Richmond Brothers. Mr. Curfman as the President of Richmond Brothers, may be deemed to beneficially own the securities owned directly by Richmond Brothers.
  7. Not reported herein are shares of Common Stock held in certain accounts managed by Richmond Brothers (the "Separately Managed Accounts"). Richmond Brothers is entitled to a management fee from the Separately Managed Accounts based solely on the value of assets under management. Accordingly, neither Richmond Brothers nor any other Reporting Person has a pecuniary interest in any of the shares held in the Separately Managed Accounts for purposes of Section 16.
  8. Represents securities directly owned by RBI PII. RBI Manager, as the manager of RBI PII, may be deemed to beneficially own the securities owned directly by RBI PII. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI PII.
  9. Represents securities directly owned by RBI Plan. Messrs. Richmond and Curfman, as trustees of RBI Plan, may be deemed to beneficially own the securities owned directly by RBI Plan.
  10. Represents securities directly owned by Mr. Richmond's spouse. Mr. Richmond may be deemed to beneficially own the securities owned directly by his spouse.
  11. Represents securities directly owned by Mr. Richmond's daughter. Mr. Richmond may be deemed to beneficially own the securities owned directly by his daughter.
  12. Represents securities directly owned by Mr. Richmond's son. Mr. Richmond may be deemed to beneficially own the securities owned directly by his son.
  13. Represents securities directly owned by Mr. Curfman's spouse. Mr. Curfman may be deemed to beneficially own the securities owned directly by his spouse.
  14. The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.10 to $1.145. The ReportingPersons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, fullinformation regarding the number of shares sold at each separate price within the ranges set forth in footnotes 14, 15, and 16 to this Form 4.
  15. The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.00 to $1.04. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 14, 15, and 16 to this Form 4.
  16. The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.00 to $1.03. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 14, 15, and 16 to this Form 4.