Filing Details
- Accession Number:
- 0001062993-23-006192
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-03-07 16:27:16
- Reporting Period:
- 2023-03-07
- Accepted Time:
- 2023-03-07 16:27:16
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1071058 | Absolute Software Corp | ABST | Services-Prepackaged Software (7372) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1666682 | Edenbrook Capital, Llc | 116 Radio Circle Suite 202 Mount Kisco NY 10549 | No | No | Yes | No | |
| 1712127 | Jonathan Brolin | 116 Radio Circle Suite 202 Mount Kisco NY 10549 | 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 Shares, No Par Value | Acquisiton | 2023-03-07 | 10,300 | $8.23 | 5,374,912 | No | 4 | P | Indirect | see footnote |
| Common Shares, No Par Value | Acquisiton | 2023-03-07 | 10,000 | $8.29 | 5,384,912 | No | 4 | P | Indirect | See footnotes |
| Common Shares, No Par Value | Acquisiton | 2023-03-07 | 12,500 | $8.18 | 5,397,412 | No | 4 | P | Indirect | See footnotes |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | see footnote |
| No | 4 | P | Indirect | See footnotes |
| No | 4 | P | Indirect | See footnotes |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Shares | Put Option (Obligation to Buy) | $7.00 | 2023-03-02 | 2024-05-17 | 300,000 | 3,000 | Indirect |
| Common Shares | Put Option (Obligation to buy) | $7.00 | 2023-03-02 | 2024-08-16 | 300,000 | 3,000 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2024-05-17 | 300,000 | 3,000 | Indirect |
| 2024-08-16 | 300,000 | 3,000 | Indirect |
Footnotes
- The securities reported herein are held in the accounts of private funds. Edenbrook Capital, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such private funds. Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 3 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- The private funds managed by by Edenbrook Capital, LLC wrote put option contracts expiring in May and August 2024 which provide that the private funds will be required to purchase Common Shares at the stated strike price if the counterparty exercises such option.
Billionaire Hedge Funds
