FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Inuvo, Inc. [ INUV ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/30/2014 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock(1) | 06/30/2014 | J(2) | 1,902,800 | D | $0.00(2) | 0 | I | See(3) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Warrants | $2.2 | 06/30/2014 | J(2) | 23,250 | 06/21/2011 | 06/20/2016 | Common Stock | 23,250 | (4) | 0 | D(5) | ||||
Warrants | $2.2 | 06/30/2014 | J(2) | 31,750 | 06/21/2011 | 06/20/2016 | Common Stock | 31,750 | (4) | 0 | D(6) | ||||
Warrants | $2.2 | 06/30/2014 | J(2) | 95,000 | 06/21/2011 | 06/20/2016 | Common Stock | 95,000 | (4) | 0 | D(7) |
Explanation of Responses: |
1. This Form 4 is filed jointly by Bridgehampton Capital Management LLC ("BCM"), Bridgehampton Value Strategies Fund, Bridgehampton Monument Fund LLC (the "Monument Fund") and Kenneth E. Lee (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein. |
2. Effective June 30, 2014, all securities of the Issuer held by the Value Strategies Fund, the Monument Fund and the Separately Managed Account (as defined below) were transferred to Tocqueville Asset Management, L.P. ("TAM"). Following the transfer, the Value Strategies Fund was reorganized as the Tocqueville Alternative Strategies Fund which is a part of the Tocqueville Trust. The Monument Fund was renamed as Tocqueville Monument Fund LLC. TAM is the investment advisor of the Tocqueville Alternative Strategies Fund, Tocqueville Monument Fund LLC and the Separately Managed Account. BCM no longer has any assets under management. Accordingly, the Reporting Persons are no longer subject to Section 16 of the Securities Exchange Act of 1934, as amended. |
3. Reflects securities directly owned by Monument Fund, Bridgehampton Value Strategies Fund and a separate account (the "Separately Managed Account") that was managed by BCM for Charles Morgan. |
4. Each Reporting Person received warrants to purchase 0.5 shares of common stock for each share of common stock acquired by such Reporting Person. Accordingly, the purchase price for each share and related warrant was $2.00. |
5. Reflects securities directly owned by Monument Fund. |
6. Reflects securities directly owned by Bridgehampton Value Strategies Fund. |
7. Reflects securities directly owned by the Separately Managed Account. |
Remarks: |
/s/ Kenneth E. Lee, Authorized Signatory | 07/10/2014 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |