0001462180-12-000065.txt : 20120927 0001462180-12-000065.hdr.sgml : 20120927 20120927110528 ACCESSION NUMBER: 0001462180-12-000065 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120927 DATE AS OF CHANGE: 20120927 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: BROOKLYN CAPITAL MANAGEMENT LLC GROUP MEMBERS: BULLDOG INVESTORS GROUP MEMBERS: PHILLIP GOLDSTEIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Firsthand Technology Value Fund, Inc. CENTRAL INDEX KEY: 0001495584 IRS NUMBER: 273008946 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-86991 FILM NUMBER: 121112243 BUSINESS ADDRESS: STREET 1: 150 ALMADEN BLVD. STREET 2: SUITE 1250 CITY: SAN JOSE STATE: CA ZIP: 95113 BUSINESS PHONE: 408-886-7096 MAIL ADDRESS: STREET 1: 150 ALMADEN BLVD. STREET 2: SUITE 1250 CITY: SAN JOSE STATE: CA ZIP: 95113 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bulldog Investors CENTRAL INDEX KEY: 0001462180 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: PARK 80 WEST PLAZA TWO STREET 2: SUITE 750 CITY: SADDLE BROOK STATE: NJ ZIP: 07663 BUSINESS PHONE: 201 556-0092 MAIL ADDRESS: STREET 1: PARK 80 WEST PLAZA TWO STREET 2: SUITE 750 CITY: SADDLE BROOK STATE: NJ ZIP: 07663 SC 13D 1 third.txt SCHEDULE 13D DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 9/17/12 1. NAME OF REPORTING PERSON Bulldog Investors, Brooklyn Capital Management, Phillip Goldstein and Andrew Dakos 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 512,904 8. SHARED VOTING POWER 124,194 9. SOLE DISPOSITIVE POWER 637,098 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 637,098 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 7.45% 14. TYPE OF REPORTING PERSON IA _______________________________________________________ Item 1. SECURITY AND ISSUER This Schedule 13D relates to the shares of Common Stock of Firsthand Technology Value Fund, Inc. ("SVVC" or the "Issuer"). The principal executive offices of SVVC are located at 150 Almaden Boulevard, Suite 1250 San Jose, California Item 2. IDENTITY AND BACKGROUND This statement is filed on behalf of Bulldog Investors, Brooklyn Capital Mangement, Phillip Goldstein, 60 Heritage Drive Pleasantville, NY 10570 a principal of Bulldog Investors and Andrew Dakos, Park 80 West,Saddle Brook, NJ 07663, also a principal of Bulldog Investors. Mr.Goldstein and Mr. Dakos are self-employed investment advisors. On October 17, 2007 the Massachusetts Secretary of State issued a permanent "obey the law" injunction and fined Bulldog Investors, Messrs. Goldstein and Dakos and certain related parties (the "Respondents") $25,000 for operating an open website containing information about certain unregistered investments and sending an e-mail about such investments to a Massachusetts resident who requested information. On April 5, 2012, the President signed the JOBS Act which expressly permits such acts. Consequently, on June 29, 2012, the Respondents submitted a motion to the Secretary to vacate his order. ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS Shares of the Issuer have been accumulated on behalf of managed accounts. ITEM 4. PURPOSE OF TRANSACTION The filing group believes the issuer's shares are undervalued and will attempt to communicate with management regarding the large disparity between the shares' market price and their intrinsic value. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER As per the 10-Q filed on August 9, 2012 there were 8,556,480 shares of common stock outstanding as of 06/30/12 The percentage set forth in item 5 was derived using such number. Bulldog Investors, Brooklyn Capital Management, Phillip Goldstein and Andrew Dakos beneficially own an aggregate of 637,098 shares of SVVC or 7.45% of the outstanding shares.Power to dispose of and vote securities resides either with Mr. Goldstein, Mr. Dakos or with clients. c) During the past 60 days the following shares of SVVC were purchased: Date: Shares: Price: 07/27/12 70,876 15.7093 07/30/12 5,721 15.7940 07/31/12 7,924 15.8440 08/01/12 15,304 15.8264 08/02/12 29,288 15.6559 08/03/12 1,300 15.8308 08/08/12 3,708 15.9970 08/09/12 10,756 15.9809 08/13/12 16,772 15.9270 08/14/12 17,260 15.9358 08/15/12 10,473 15.9307 08/16/12 14,090 15.8910 08/17/12 18,490 15.9823 08/20/12 6,335 15.9388 08/21/12 22,710 15.9180 08/22/12 19,178 15.9232 08/23/12 36,675 15.9423 08/27/12 4,231 16.0000 08/28/12 19,709 15.9991 08/29/12 26,500 15.9938 08/30/12 6,816 16.0000 09/04/12 3,025 16.0000 09/05/12 2,961 16.0367 09/10/12 2,685 16.0500 09/11/12 23,063 16.0430 09/12/12 14,500 16.0498 09/13/12 11,500 16.0000 09/14/12 4 16.0500 09/17/12 6,304 16.1372 09/18/12 27,166 16.1933 09/19/12 10,241 16.1929 09/21/12 13,100 16.8882 09/24/12 64,716 16.9236 09/25/12 52,036 16.9531 09/26/12 17,400 16.8742 d) Beneficiaries of managed accounts are entitled to receive any dividends or sales proceeds. e) NA ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS None. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: 9/27/2012 By: /s/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos