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