0001104659-21-039763.txt : 20210322
0001104659-21-039763.hdr.sgml : 20210322
20210322170049
ACCESSION NUMBER: 0001104659-21-039763
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210318
FILED AS OF DATE: 20210322
DATE AS OF CHANGE: 20210322
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: 001-34261
FILM NUMBER: 21761962
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: EVOLVING SYSTEMS INC
CENTRAL INDEX KEY: 0001052054
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
IRS NUMBER: 841010843
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 9800 PYRAMID COURT, SUITE 400
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
BUSINESS PHONE: 3038021000
MAIL ADDRESS:
STREET 1: 9800 PYRAMID COURT, SUITE 400
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
4
1
tm2110344-1_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2021-03-18
1
0001052054
EVOLVING SYSTEMS INC
EVOL
0001644342
PITON CAPITAL PARTNERS LLC
C/O KOKINO LLC
201 TRESSER BOULEVARD, 3RD FLOOR
STAMFORD
CT
06901
0
0
1
0
Common Stock
2021-03-18
4
S
0
251100
5.28
D
998900
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 April 27, 2017, as amended on June 13, 2017, August 3, 2017, November 13, 2017, November 28, 2017 and March 22, 2021.
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 manages Piton's investments in the Issuer as Kokino's Portfolio Manager. 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 as an employee of Kokino and incentive allocation as an owner of Piton, which are generally calculated in Kokino's discretion subject to Piton's governing documents, may be based, among other things, on the performance of Shares held by Piton. Such compensation and allocation may be paid in cash and/or by way of increasing Mr. Averick's minority interest in Piton (either directly or indirectly through PCM), as applicable.
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 $5.62 to $5.01. 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 this footnote.
** Garrett Lynam, General Counsel of Kokino LLC, managing member of Piton Capital Management LLC, managing member of Piton Capital Partners LLC
2021-03-22