0000947871-20-000331.txt : 20200407
0000947871-20-000331.hdr.sgml : 20200407
20200407215040
ACCESSION NUMBER: 0000947871-20-000331
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200407
FILED AS OF DATE: 20200407
DATE AS OF CHANGE: 20200407
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RAVICH JESS M
CENTRAL INDEX KEY: 0001094988
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37689
FILM NUMBER: 20780981
MAIL ADDRESS:
STREET 1: 11766 WILSHIRE BOULEVARD
STREET 2: SUITE 870
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ALJ REGIONAL HOLDINGS INC
CENTRAL INDEX KEY: 0001438731
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 134082185
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 244 MADISON AVENUE, PMB #358
CITY: NEW YORK
STATE: NY
ZIP: 10016
BUSINESS PHONE: 212-883-0083
MAIL ADDRESS:
STREET 1: 244 MADISON AVENUE, PMB #358
CITY: NEW YORK
STATE: NY
ZIP: 10016
4
1
ownership.xml
X0306
4
2020-04-07
0
0001438731
ALJ REGIONAL HOLDINGS INC
ALJJ
0001094988
RAVICH JESS M
244 MADISON AVENUE, PMB #358
NEW YORK
NY
10016
1
1
1
0
Chief Executive Officer
Common Stock
9025626
D
Common Stock
4853804
I
By Exemption Trust under the Ravich Revocable Trust of 1989
Common Stock
1484677
I
Held by Libra Securities Holdings, LLC
Common Stock
668669
I
Held through pension plan
Warrants
2020-04-07
2025-04-07
Common Stock
69611
69611
I
Held by Ravich Permanent Partnership LLP
Warrants
2020-04-07
2025-04-07
Common Stock
69611
69611
I
Held by Ravich Defined Benefit Plan
Warrants
2020-04-07
2025-04-07
Common Stock
171705
171705
I
Held by Libra Securities Holdings, LLC
Stock Options (Right to Buy)
4.00
2015-08-03
2022-08-02
Common Stock
350000
350000
D
Warrants
1.80
2019-07-30
2021-07-30
Common Stock
199800
199800
I
Held through pension plan
Warrants
1.80
2019-07-30
2021-07-30
Common Stock
319680
319680
I
Held by Libra Securities Holdings, LLC
Warrants
2019-12-17
2024-12-17
Common Stock
225000
225000
I
Held by Ravich Permanent Partnership LLP
Warrants
2019-12-17
2024-12-17
Common Stock
225000
225000
I
Held by Ravich Defined Benefit Plan
Warrants
2019-12-17
2024-12-17
Common Stock
555000
555000
I
Held by Libra Securities Holdings, LLC
The warrants are exercisable at a price equal to the lower of $0.59 or the closing price of the common stock of ALJ Regional Holdings, Inc. (the "Issuer") on the six month anniversary of the date such warrant is issued.
The warrants were issued in consideration of such entity entering into an amendment to the Junior Participation.
On July 30, 2019, Libra Securities Holdings, LLC ("Libra") and the Issuer entered into agreements under which Libra invested $1,728,000 in the Issuer and received 960,000 shares of the Issuer's common stock and a warrant to purchase 319,680 shares of the Issuer's common stock at an exercise price of $1.80 per share.
On July 30, 2019, Jess Ravich, through his pension plan (the "Pension Plan"), entered into agreements with the Issuer under which the Pension Plan invested $1,080,000 in the Issuer and received 600,000 shares of the Issuer's common stock and a warrant to purchase 199,800 shares of the Issuer's common stock at an exercise price of $1.80 per share.
The warrants are exercisable at a price equal to the lower of $1.20 or the 30 business day trailing average of the closing price of the Issuer's common stock on the six month anniversary of the date such warrant is first exercisable.
The warrants were issued in consideration of such entity purchasing its pro rata portion of $4.1 million of junior participation interests in the Issuer's term loan facility (the "Junior Participation").
/s/ Christopher Forrester, by Power of Attorney
2020-04-07