Filing Details

Accession Number:
0001062993-23-008100
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-03-30 17:00:00
Reporting Period:
2023-03-28
Accepted Time:
2023-03-30 17:00:00
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 2023-03-28 25,000 $7.48 5,506,989 No 4 P Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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
  1. 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.
  2. 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.