0000921895-18-000112.txt : 20180109
0000921895-18-000112.hdr.sgml : 20180109
20180109182052
ACCESSION NUMBER: 0000921895-18-000112
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180105
FILED AS OF DATE: 20180109
DATE AS OF CHANGE: 20180109
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BIGLARI, SARDAR
CENTRAL INDEX KEY: 0001334430
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13471
FILM NUMBER: 18519995
MAIL ADDRESS:
STREET 1: C/O BIGLARI HOLDINGS INC.
STREET 2: 17802 IH 10 WEST, SUITE 400
CITY: SAN ANTONIO
STATE: TX
ZIP: 78257
FORMER NAME:
FORMER CONFORMED NAME: Biglari Sardar
DATE OF NAME CHANGE: 20050727
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LION FUND II, L.P.
CENTRAL INDEX KEY: 0001580602
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13471
FILM NUMBER: 18519993
BUSINESS ADDRESS:
STREET 1: 17802 IH 10 WEST, SUITE 400
CITY: SAN ANTONIO
STATE: TX
ZIP: 78257
BUSINESS PHONE: 210-344-3400
MAIL ADDRESS:
STREET 1: 17802 IH 10 WEST, SUITE 400
CITY: SAN ANTONIO
STATE: TX
ZIP: 78257
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BIGLARI CAPITAL CORP.
CENTRAL INDEX KEY: 0001334429
STATE OF INCORPORATION: TX
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13471
FILM NUMBER: 18519994
BUSINESS ADDRESS:
STREET 1: 17802 IH 10 WEST, SUITE 400
CITY: SAN ANTONIO
STATE: TX
ZIP: 78257
BUSINESS PHONE: (210) 344-3400
MAIL ADDRESS:
STREET 1: 17802 IH 10 WEST, SUITE 400
CITY: SAN ANTONIO
STATE: TX
ZIP: 78257
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: INSIGNIA SYSTEMS INC/MN
CENTRAL INDEX KEY: 0000875355
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310]
IRS NUMBER: 411656308
STATE OF INCORPORATION: MN
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 8799 BROOKLYN BLVD.
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55445
BUSINESS PHONE: 7633926200
MAIL ADDRESS:
STREET 1: 8799 BROOKLYN BLVD.
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55445
4
1
form407428038_01092018.xml
OWNERSHIP DOCUMENT
X0306
4
2018-01-05
0
0000875355
INSIGNIA SYSTEMS INC/MN
ISIG
0001334430
BIGLARI, SARDAR
17802 IH 10 WEST, SUITE 400
SAN ANTONIO
TX
78257
0
0
1
0
0001334429
BIGLARI CAPITAL CORP.
17802 IH 10 WEST, SUITE 400
SAN ANTONIO
TX
78257
0
0
0
1
See Explanation of Responses
0001580602
LION FUND II, L.P.
17802 IH 10 WEST, SUITE 400
SAN ANTONIO
TX
78257
0
0
0
1
See Explanation of Responses
Common Stock, par value $0.01
2018-01-05
4
S
0
248159
1.2440
D
1557935
I
By The Lion Fund II, L.P.
Common Stock, par value $0.01
2018-01-08
4
S
0
354010
1.3675
D
1203925
I
By The Lion Fund II, L.P.
Common Stock, par value $0.01
2018-01-09
4
S
0
21615
1.2746
D
1182310
I
By The Lion Fund II, L.P.
Common Stock, par value $0.01
11788
D
This Form 4 is filed jointly by The Lion Fund II, L.P. (the "Lion Fund II"), Biglari Capital Corp. ("BCC") and Sardar Biglari. Each of the Lion Fund II, BCC and Mr. Biglari is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Lion Fund II, BCC and Mr. Biglari disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of its or his pecuniary interest therein.
Shares owned directly by the Lion Fund II. BCC is the general partner of the Lion Fund II. Mr. Biglari is the Chairman and Chief Executive Officer of BCC and has investment discretion over the securities owned by the Lion Fund II. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.21 to $1.26. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 3, 4 and 5 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.295 to $1.46.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.25 to $1.30.
By: Biglari Capital Corp.; By: /s/ Sardar Biglari, Chairman and Chief Executive Officer
2018-01-09
By: /s/ Biglari, Sardar
2018-01-09
By: The Lion Fund II, L.P.; By: Biglari Capital Corp., its general partner; By: /s/ Sardar Biglari, Chairman and Chief Executive Officer
2018-01-09