0000899243-19-019492.txt : 20190711
0000899243-19-019492.hdr.sgml : 20190711
20190711195544
ACCESSION NUMBER: 0000899243-19-019492
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190510
FILED AS OF DATE: 20190711
DATE AS OF CHANGE: 20190711
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CRAWFORD MATTHEW V
CENTRAL INDEX KEY: 0001132148
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-00147
FILM NUMBER: 19951842
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CRAWFORD UNITED Corp
CENTRAL INDEX KEY: 0000047307
STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
IRS NUMBER: 340288470
STATE OF INCORPORATION: OH
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 10514 DUPONT AVE
CITY: CLEVELAND
STATE: OH
ZIP: 44108
BUSINESS PHONE: 2165418060
MAIL ADDRESS:
STREET 1: 10514 DUPONT AVE
CITY: CLEVELAND
STATE: OH
ZIP: 44108
FORMER COMPANY:
FORMER CONFORMED NAME: HICKOK INC
DATE OF NAME CHANGE: 19950328
FORMER COMPANY:
FORMER CONFORMED NAME: HICKOK ELECTRICAL INSTRUMENT CO
DATE OF NAME CHANGE: 19920703
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-05-10
0
0000047307
CRAWFORD UNITED Corp
CRAWA
0001132148
CRAWFORD MATTHEW V
10514 DUPONT AVE.
CLEVELAND
OH
44108
1
0
1
0
Class B Common Shares
2019-07-09
4
C
0
100000
6.48
A
518750
I
By First Francis Company Inc. and Roundball LLC
Convertible Loan Agreement
1.43
2019-05-10
4
A
0
107250.00
A
2019-12-31
Class B Common Shares
75000
107250.00
I
By Roundball LLC
Convertible Promissory Note
6.48
2019-05-10
4
A
0
648000.00
A
2022-07-01
Class B Common Shares
100000
648000.00
I
By First Francis Company Inc.
Convertible Promissory Note
6.48
2019-07-09
4
C
0
648000.00
0.00
D
2022-07-01
Class B Common Shares
100000
0
I
By First Francis Company Inc.
Includes 115,000 Class B Common Shares owned directly by Roundball LLC, an Ohio limited liability company.
For purposes of the Securities Exchange Act of 1934, the reporting person disclaims beneficial ownership of these securities, except of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
In 2011, the Crawford United Corporation issued a convertible note to Roundball LLC. In December 2018, the note was amended to provide Roundball LLC with the option to convert a portion of the outstanding indebtedness into Class B Common Shares at a price of $1.43 per share, up to a maximum amount of 75,000 Class B Common Shares, subject to shareholder approval, which approval was obtained on May 10, 2019.
In 2016, Crawford United Corporation issued two separate promissory notes to First Francis Company Inc. ("First Francis"). In 2018, one of the notes was amended to provide First Francis with the option, exercisable on or after July 5, 2019, to convert up to $648,000 of principal amount into Class B Common Shares at a conversion price of $6.48 per share, subject to shareholder approval, which approval was obtained on May 10, 2019.
On July 9, 2019, First Francis elected to convert $648,000 of the amount outstanding under its promissory note issued by Crawford United Corporation into 100,000 Class B Common Shares.
/s/Frederick N. Widen, Attorney-in-fact
2019-07-11