0001567619-19-022726.txt : 20191206
0001567619-19-022726.hdr.sgml : 20191206
20191206162029
ACCESSION NUMBER: 0001567619-19-022726
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191205
FILED AS OF DATE: 20191206
DATE AS OF CHANGE: 20191206
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PITON CAPITAL PARTNERS LLC
CENTRAL INDEX KEY: 0001644342
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34279
FILM NUMBER: 191273382
BUSINESS ADDRESS:
STREET 1: C/O KOKINO LLC
STREET 2: 201 TRESSER BOULEVARD, 3RD FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06901
BUSINESS PHONE: (405) 936-6220
MAIL ADDRESS:
STREET 1: C/O NORTH BAY ASSOCIATES
STREET 2: 14000 QUAIL SPRINGS PARKWAY, SUITE 2200
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73134
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GULF ISLAND FABRICATION INC
CENTRAL INDEX KEY: 0001031623
STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED STRUCTURAL METAL PRODUCTS [3440]
IRS NUMBER: 721147390
STATE OF INCORPORATION: LA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 16225 PARK TEN PLACE, SUITE 280
CITY: HOUSTON
STATE: TX
ZIP: 77084
BUSINESS PHONE: 7137146100
MAIL ADDRESS:
STREET 1: 16225 PARK TEN PLACE, SUITE 280
CITY: HOUSTON
STATE: TX
ZIP: 77084
4
1
doc1.xml
FORM 4
X0306
4
2019-12-05
0
0001031623
GULF ISLAND FABRICATION INC
GIFI
0001644342
PITON CAPITAL PARTNERS LLC
C/O KOKINO LLC
201 TRESSER BOULEVARD, 3RD FLOOR
STAMFORD
CT
06901
0
0
1
0
Common Stock
2019-12-05
4
P
0
13532
4.99
A
1811894
D
Piton Capital Partners LLC, a Delaware limited liability company ("Piton") and family client of Kokino LLC ("Kokino"), also reports beneficial ownership of the Issuer's common stock pursuant to Rule 13d-1 of the Securities Exchange Act of 1934, as amended, pursuant to a Schedule 13D filed by Piton with the SEC on March 22, 2018, as amended on April 6, 2018, April 25, 2018, November 6, 2018 and November 21, 2019.
Indicates shares of the Issuer's common stock ("Shares") beneficially owned by Piton. Piton's managing member is Piton Capital Management LLC ("PCM"). PCM's managing member is Kokino, and Kokino is Piton's trading manager. Robert Averick, who is currently a director of the Issuer and an employee of Kokino, manages Piton's investment in the Issuer as a portfolio manager of Kokino. Mr. Averick holds an economic interest in Piton (which interest may be held directly and, from time to time, indirectly through PCM). Also, Mr. Averick's incentive compensation/allocation as Piton's portfolio manager, which is calculated in Kokino's discretion, may be based, among other things, on the performance of Shares held by Piton. Such amount may be paid in cash and/or by way of increasing Mr. Averick's minority interest in Piton (either directly or indirectly through PCM).
The price reported in Column 4 is a weighted average price rounded to the nearest hundredth. These shares were purchased in multiple transactions at prices ranging from $4.975 to $5.00. Piton undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of Shares purchased at each separate price within the ranges set forth in footnote (3) to this Form 4.
/s/ Douglas Kline, Chief Operating Officer of Kokino LLC, managing member of Piton Capital Management LLC, managing member of Piton Capital Partners LLC
2019-12-06