0001140361-16-070879.txt : 20160627 0001140361-16-070879.hdr.sgml : 20160627 20160627162934 ACCESSION NUMBER: 0001140361-16-070879 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160623 FILED AS OF DATE: 20160627 DATE AS OF CHANGE: 20160627 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Groveland Capital LLC CENTRAL INDEX KEY: 0001617807 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13471 FILM NUMBER: 161733676 BUSINESS ADDRESS: STREET 1: 3033 EXCELSIOR BOULEVARD, SUITE 560 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 BUSINESS PHONE: 612-843-4301 MAIL ADDRESS: STREET 1: 3033 EXCELSIOR BOULEVARD, SUITE 560 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 4 1 doc1.xml FORM 4 X0306 4 2016-06-23 0 0000875355 INSIGNIA SYSTEMS INC/MN ISIG 0001617807 Groveland Capital LLC 3033 EXCELSIOR BOULEVARD, SUITE 560 MINNEAPOLIS MN 55416 1 0 1 0 Common Stock 2016-06-23 4 A 0 6849 0 A 12168 D Common Stock 422000 D Non-Qualified Stock Option 3.16 2014-12-08 2024-12-08 Common Stock 10000 10000 D The reported securities are owned directly by Nicholas J. Swenson, who is a Director of the issuer. Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group disclosed in a Schedule 13D filed on behalf of the Reporting Persons and Air T, Inc., the other member of such group, on August 18, 2014. The members of this Section 13(d) group collectively own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock held by the other members of this Section 13(d) group except to the extent of his or its pecuniary interest therein. The securities reported herein do not include any securities held by Air T, Inc., as such shares have been reported in a separate filing. This Form 4 is filed by Groveland Capital LLC ("Groveland Capital"), Groveland Hedged Credit Fund LLC ("Groveland Fund") and Nicholas J. Swenson (collectively, the "Groveland Group"). Groveland Capital serves as the investment adviser and general partner to the Groveland Fund and may direct the vote and disposition of the shares of Common Stock held by the Groveland Fund. Mr. Swenson is the Managing Member of Groveland Capital and may direct Groveland Capital to direct the vote and disposition of the shares of Common Stock held by the Groveland Fund. Groveland Hedged Credit Fund LLC, By: /s/ Nicholas J. Swenson, Managing Member 2016-06-27 Groveland Capital LLC, By: /s/ Nicholas J. Swenson, Managing Member 2016-06-27 /s/ Nicholas J. Swenson 2016-06-27