Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
LSB Industries, Inc.
(Name of Issuer)
Common Stock, par value $0.10 per share
(Title of Class of Securities)
502160104
(CUSIP Number)
December 31, 2020
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐
|
Rule 13d-1(b)
|
☒
|
Rule 13d-1(c)
|
☐
|
Rule 13d-1(d)
|
Page 1 of 15 Pages
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 2 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
|
Robert E. Robotti
|
|
|
||
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
(a) ☐
|
||||
(b) ☒
|
|
|
||
3
|
SEC USE ONLY
|
|
|
|
|
|
|
||
|
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
|
United States
|
|
|
||
|
|
|||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
10,000
|
|
|
||
|
|
|||
6
|
SHARED VOTING POWER
|
|
|
|
1,351,222
|
|
|
||
|
|
|||
7
|
SOLE DISPOSITIVE POWER
|
|
|
|
10,000
|
|
|
||
|
|
|||
8
|
SHARED DISPOSITIVE POWER
|
|
|
|
1,351,222
|
|
|
||
|
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
1,361,222
|
|
|
||
|
|
|||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
☒
|
|
|
||
|
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
4.6%
|
|
|
||
|
|
|||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
|
IN, HC
|
|
|
||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 3 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
|
Robotti & Company, Incorporated
|
|
|
||
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
(a) ☐
|
||||
(b) ☒
|
|
|
||
3
|
SEC USE ONLY
|
|
|
|
|
|
|
||
|
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
|
New York
|
|
|
||
|
|
|||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
-0-
|
|
|
||
|
|
|||
6
|
SHARED VOTING POWER
|
|
|
|
1,351,222
|
|
|
||
|
|
|||
7
|
SOLE DISPOSITIVE POWER
|
|
|
|
-0-
|
|
|
||
|
|
|||
8
|
SHARED DISPOSITIVE POWER
|
|
|
|
1,351,222
|
|
|
||
|
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
1,351,222
|
|
|
||
|
|
|||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
☐
|
|
|
||
|
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
4.6%
|
|
|
||
|
|
|||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
|
CO, HC
|
|
|
||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 4 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
|
Robotti & Company Advisors, LLC
|
|
|
||
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
(a) ☐
|
||||
(b) ☒
|
|
|
||
3
|
SEC USE ONLY
|
|
|
|
|
|
|
||
|
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
|
New York
|
|
|
||
|
|
|||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
-0-
|
|
|
||
|
|
|||
6
|
SHARED VOTING POWER
|
|
|
|
1,337,277
|
|
|
||
|
|
|||
7
|
SOLE DISPOSITIVE POWER
|
|
|
|
-0-
|
|
|
||
|
|
|||
8
|
SHARED DISPOSITIVE POWER
|
|
|
|
1,337,277
|
|
|
||
|
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
1,337,277
|
|
|
||
|
|
|||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
☐
|
|
|
||
|
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
4.6%
|
|
|
||
|
|
|||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
|
OO, IA
|
|
|
||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 5 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
|
Robotti Securities, LLC
|
|
|
||
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
(a) ☐
|
||||
(b) ☒
|
|
|
||
3
|
SEC USE ONLY
|
|
|
|
|
|
|
||
|
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
|
New York
|
|
|
||
|
|
|||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
-0-
|
|
|
||
|
|
|||
6
|
SHARED VOTING POWER
|
|
|
|
13,775
|
|
|
||
|
|
|||
7
|
SOLE DISPOSITIVE POWER
|
|
|
|
-0-
|
|
|
||
|
|
|||
8
|
SHARED DISPOSITIVE POWER
|
|
|
|
13,775
|
|
|
||
|
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
13,775
|
|
|
||
|
|
|||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
☐
|
|
|
||
|
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
Less than 1%
|
|
|
||
|
|
|||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
|
OO, BD
|
|
|
||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 6 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
|
Kenneth R. Wasiak
|
|
|
||
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
(a) ☐
|
||||
(b) ☒
|
|
|
||
3
|
SEC USE ONLY
|
|
|
|
|
|
|
||
|
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
|
United States
|
|
|
||
|
|
|||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
-0-
|
|
|
||
|
|
|||
6
|
SHARED VOTING POWER
|
|
|
|
713,334
|
|
|
||
|
|
|||
7
|
SOLE DISPOSITIVE POWER
|
|
|
|
-0-
|
|
|
||
|
|
|||
8
|
SHARED DISPOSITIVE POWER
|
|
|
|
713,334
|
|
|
||
|
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
713,334
|
|
|
||
|
|
|||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
☐
|
|
|
||
|
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
2.4%
|
|
|
||
|
|
|||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
|
IN, HC
|
|
|
||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 7 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
|
Ravenswood Management Company, L.L.C.
|
|
|
||
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
(a) ☐
|
||||
(b) ☒
|
|
|
||
3
|
SEC USE ONLY
|
|
|
|
|
|
|
||
|
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
|
New York
|
|
|
||
|
|
|||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
-0-
|
|
|
||
|
|
|||
6
|
SHARED VOTING POWER
|
|
|
|
713,334
|
|
|
||
|
|
|||
7
|
SOLE DISPOSITIVE POWER
|
|
|
|
-0-
|
|
|
||
|
|
|||
8
|
SHARED DISPOSITIVE POWER
|
|
|
|
713,334
|
|
|
||
|
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
713,334
|
|
|
||
|
|
|||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
☐
|
|
|
||
|
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
2.4%
|
|
|
||
|
|
|||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
|
OO
|
|
|
||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 8 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
|
The Ravenswood Investment Company, L.P.
|
|
|
||
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
(a) ☐
|
||||
(b) ☒
|
|
|
||
3
|
SEC USE ONLY
|
|
|
|
|
|
|
||
|
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
|
Delaware
|
|
|
||
|
|
|||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
-0-
|
|
|
||
|
|
|||
6
|
SHARED VOTING POWER
|
|
|
|
521,294
|
|
|
||
|
|
|||
7
|
SOLE DISPOSITIVE POWER
|
|
|
|
-0-
|
|
|
||
|
|
|||
8
|
SHARED DISPOSITIVE POWER
|
|
|
|
521,294
|
|
|
||
|
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
521,294
|
|
|
||
|
|
|||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
☐
|
|
|
||
|
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
1.8%
|
|
|
||
|
|
|||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
|
PN
|
|
|
||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 9 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
|
Ravenswood Investments III, L.P.
|
|
|
||
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
(a) ☐
|
||||
(b) ☒
|
|
|
||
3
|
SEC USE ONLY
|
|
|
|
|
|
|
||
|
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
|
New York
|
|
|
||
|
|
|||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
-0-
|
|
|
||
|
|
|||
6
|
SHARED VOTING POWER
|
|
|
|
192,040
|
|
|
||
|
|
|||
7
|
SOLE DISPOSITIVE POWER
|
|
|
|
-0-
|
|
|
||
|
|
|||
8
|
SHARED DISPOSITIVE POWER
|
|
|
|
192,040
|
|
|
||
|
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
192,040
|
|
|
||
|
|
|||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
☐
|
|
|
||
|
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
Less than 1%
|
|
|
||
|
|
|||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
|
PN
|
|
|
||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 10 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
&
#xA0;
|
|
|
Suzanne Robotti
|
|
|
||
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
(a) ☐
|
||||
(b) ☒
|
|
|
||
3
|
SEC USE ONLY
|
|
|
|
|
|
|
||
|
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
|
United States
|
|
|
||
|
|
|||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
10,000
|
|
|
||
|
|
|||
6
|
SHARED VOTING POWER
|
|
|
|
-0-
|
|
|
||
|
|
|||
7
|
SOLE DISPOSITIVE POWER
|
|
|
|
10,000
|
|
|
||
|
|
|||
8
|
SHARED DISPOSITIVE POWER
|
|
|
|
-0-
|
|
|
||
|
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
10,000
|
|
|
||
|
|
|||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
☐
|
|
|
||
|
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
Less than 1%
|
|
|
||
|
|
|||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
|
IN
|
|
|
||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 11 of 15 Pages
|
Item 1(a).
|
Name of Issuer:
|
LSB Industries, Inc.
Item 1(b).
|
Address of Issuer's Principal Executive Offices:
|
3503 NW 63rd Street, Suite 500, Oklahoma City, OK 73116
Item 2(a).
|
Names of Persons Filing:
|
This statement is filed by (collectively, the "Reporting Persons")
(i)
|
Robert E. Robotti ("Robotti"), a United States citizen;
|
(ii)
|
Robotti & Company, Incorporated ("ROBT"), a New York corporation and the parent company of Robotti & Company Advisors, LLC
and Robotti Securities, LLC;
|
(iii)
|
Robotti & Company Advisors, LLC ("Robotti Advisors"), a New York limited liability company and an investment advisor
registered under the Investment Advisers Act of 1940, as amended;
|
(iv)
|
Robotti Securities, LLC ("Robotti Securities") a New York limited liability company and a broker-dealer registered under Section
15 of the Securities Exchange Act of 1934, as amended;
|
(v)
|
Kenneth R. Wasiak ("Wasiak"), a United States citizen;
|
(vi)
|
Ravenswood Management Company, L.L.C. ("RMC"), a New York limited liability company and the general partner of The Ravenswood
Investment Company, L.P. and Ravenswood Investments III, L.P.;
|
(vii)
|
The Ravenswood Investment Company, L.P. ("RIC"), a Delaware limited partnership and an advisory client of Robotti Advisors;
|
(viii)
|
Ravenswood Investments III, L.P. ("RI"), a New York limited partnership and an advisory client of
Robotti Advisors; and
|
(ix)
|
Suzanne Robotti, a United States citizen.
|
Item 2(b).
|
Address of Principal Business Office or, if None, Residence:
|
The principal business address of each of Mr. Robotti, ROBT, Robotti Advisors, Robotti Securities, RMC,
RIC, RI and Ms. Robotti is 60 East 42nd Street, Suite 3100, New York, NY 10165.
The principal business address of Mr. Wasiak is 104 Gloucester Road, Massapequa, New York 11758.
Item 2(c).
|
Citizenship:
|
See Item 2(a)
Item 2(d).
|
Title of Class of Securities:
|
Common Stock, par value $0.10 per share (the "Common Stock")
Item 2(e).
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CUSIP Number
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502160104
Schedule 13G
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CUSIP No. 502160104
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Page 12 of 15 Pages
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Item 3.
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If this Statement is Filed
Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
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Not Applicable
Item 4.
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Ownership
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(i)
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Mr. Robotti: (1)(2)
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(a)
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Amount beneficially owned: 1,361,222 shares
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(b)
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Percent of class: 4.64%
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote: 10,000 shares
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(ii)
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Shared power to vote or to direct the vote: 1,351,222 shares
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(iii)
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Sole power to dispose or to direct the disposition of: 10,000 shares
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(iv)
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Shared power to dispose or to direct the disposition of: 1,351,222 shares
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(ii)
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ROBT: (1)
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(a)
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Amount beneficially owned: 1,351,222 shares
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(b)
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Percent of class: 4.61%
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A0; |
(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote: 0 shares
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(ii)
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Shared power to vote or to direct the vote 1,351,222 shares
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(iii)
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Sole power to dispose or to direct the disposition of: 0 shares
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(iv)
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Shared power to dispose or to direct the disposition of: 1,351,222 shares
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(iii)
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Robotti Advisors: (1)
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(a)
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Amount beneficially owned: 1,337,277 shares
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(b)
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Percent of class: 4.56%
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote: 0 shares
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(ii)
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Shared power to vote or to direct the vote: 1,337,277 shares
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(iii)
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Sole power to dispose or to direct the disposition of: 0 shares
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(iv)
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Shared power to dispose or to direct the disposition of: 1,337,277 shares
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(iv)
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Robotti Securities: (1)
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(a)
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Amount beneficially owned: 13,775 shares
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(b)
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Percent of class: less than one percent
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote: 0 shares
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(ii)
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Shared power to vote or to direct the vote: 13,775 shares
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(iii)
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Sole power to dispose or to direct the disposition of: 0 shares
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(iv)
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Shared power to dispose or to direct the disposition of: 13,775 shares
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(v)
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Mr. Wasiak: (1)
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(a)
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Amount beneficially owned: 713,334 shares
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(b)
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Percent of class: 2.43%
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote: 0 shares
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(ii)
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Shared power to vote or to direct the vote: 713,334 shares
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(iii)
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Sole power to dispose or to direct the disposition of: 0 shares
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(iv)
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Shared power to dispose or to direct the disposition of: 713,334 shares
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Schedule 13G
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CUSIP No. 502160104
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Page 13 of 15 Pages
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(vi)
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RMC: (1)
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(a)
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Amount beneficially owned: 713,334 shares
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(b)
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Percent of class: 2.43%
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote: 0 shares
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(ii)
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Shared power to vote or to direct the vote: 713,334 shares
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(iii)
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Sole power to dispose or to direct the disposition of: 0 shares
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(iv)
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Shared power to dispose or to direct the disposition of: 713,334 shares
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(vii)
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RIC: (1)
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(a)
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Amount beneficially owned: 521,294 shares
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(b)
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Percent of class: 1.78%
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(c)
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Number of shares as to which such person has
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(i)
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Sole power to vote or to direct the vote: 0 shares
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(ii)
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Shared power to vote or to direct the vote: 521,294 shares
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(iii)
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Sole power to dispose or to direct the disposition of: 0 shares
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(iv)
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Shared power to dispose or to direct the disposition of: 521,294 shares
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(viii)
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RI: (1)
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(a)
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Amount beneficially owned: 192,040 shares
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(b)
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Percent of class: less than one percent
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(c)
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Number of shares as to which such person has
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(i)
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Sole power to vote or to direct the vote: 0 shares
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(ii)
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Shared power to vote or to direct the vote: 192,040 shares
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(iii)
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Sole power to dispose or to direct the disposition of: 0 shares
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(iv)
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Shared power to dispose or to direct the disposition of: 192,040 shares
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(ix)
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Suzanne Robotti: (1)(2)
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(a)
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Amount beneficially owned: 10,000 shares
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(b)
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Percent of class: less than one percent
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(c)
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Number of shares as to which such person has
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(i)
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Sole power to vote or to direct the vote: 10,000 shares
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(ii)
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Shared power to vote or to direct the vote: 0 shares
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(iii)
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Sole power to dispose or to direct the disposition of: 10,000 shares
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(iv)
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Shared power to dispose or to direct the disposition of: 0 shares
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* Based on an aggregate of 29,317,168 shares of Common Stock, par value $0.10 per share, outstanding as of October 30, 2020, as disclosed in the Issuer's Quarterly Report on Form 10-Q, for the quarter ended September
30, 2020.
(1) Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein by the other Reporting Persons and any other person named herein except to the extent of any pecuniary interest
therein. Each of the Reporting Persons disclaims membership in a "group" within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or Rule 13d-5(b)(1) under the Exchange Act with any other
Reporting Person or other person.
(2) The number of shares reported beneficially owned by Mr. Robotti in Item 4(i) and by Mrs. Robotti in Item 4(ix) does not include the shares of Common Stock beneficially owned by the other.
Schedule 13G
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CUSIP No. 502160104
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Page 14 of 15 Pages
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Item 5.
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Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.
Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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Robotti Securities’ discretionary customers and Robotti Advisors' clients have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, Common Stock owned by them.
Except as set forth in the immediately preceding sentence, no person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such Common Stock
beneficially owned by the Reporting Persons. No discretionary customer or client is known to any Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than five
percent of the Issuer's Common Stock.
Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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See Item 2 and Note (1) in Item 4.
Item 8.
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Identification and Classification of Members of the Group.
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See Item 2 and Note (1) in Item 4.
Item 9.
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Notice of Dissolution of Group.
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Not Applicable.
Item 10.
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Certifications:
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By signing below we certify that, to the best of our knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.
(The remainder of this page is intentionally left blank)
Schedule 13G
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CUSIP No. 502160104
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Page 15 of 15 Pages
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SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date:
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February 12, 2021
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Individuals
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||||
/s/ Robert E. Robotti
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/s/ Suzanne Robotti
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Robert E. Robotti
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Suzanne Robotti
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/s/ Kenneth R. Wasiak
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Kenneth R. Wasiak
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Robotti & Company, Incorporated
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By:
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/s/ Robert E. Robotti
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Name: Robert E. Robotti
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Title: President and Treasurer
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||||
Robotti & Company Advisors, LLC
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Robotti Securities, LLC
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By:
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/s/ Robert E. Robotti
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By:
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/s/ Robert E. Robotti
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Name: Robert E. Robotti
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Name: Robert E. Robotti
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|||
Title: President and Treasurer
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Title: President and Treasurer
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Ravenswood Management Company, L.L.C.
|
||||
By:
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/s/ Robert E. Robotti
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Name: Robert E. Robotti
|
||||
Title: Managing Member
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||||
The Ravenswood Investment Company, L.P.
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Ravenswood Investments III, L.P.
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By:
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Ravenswood Management Company, L.L.C.,
General Partner
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By:
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Ravenswood Management Company, L.L.C.,
General Partner
|
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By:
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/s/ Robert E. Robotti
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By:
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/s/ Robert E. Robotti
|
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Name: Robert E. Robotti
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Name: Robert E. Robotti
|
|||
Title: Managing Member
|
Title: Managing Member
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