Wipro LLC - 02 Dec 2022 Form 4 Insider Report for HARTE HANKS INC (HHS)

Role
10%+ Owner
Signature
/s/ Mohit Bansal, Name: Mohit Bansal, Title: Manager
Issuer symbol
HHS
Transactions as of
02 Dec 2022
Net transactions value
$0
Form type
4
Filing time
09 Dec 2022, 13:21:11 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HHS Common Stock Other +100,000 100,000 02 Dec 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HHS Series A Convertible Preferred Stock Other -9,926 -100% 0 02 Dec 2022 Common Stock 1,001,658 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Wipro LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to a Stock Repurchase Agreement, dated June 30, 2022, between the Issuer and Wipro LLC, the Issuer repurchased 9,926 shares of the Issuer's Series A Convertible Preferred Stock (the "Series A Shares") from Wipro LLC (the "Repurchase Transaction") for consideration consisting of (i) $9,926,000 in cash and (ii) 100,000 shares of the Issuer's Common Stock.
F2 This report on Form 4 is jointly filed by Wipro LLC and Wipro Limited. Wipro LLC is a wholly-owned subsidiary of Wipro Limited. Wipro LLC directly owns the shares of Common Stock reported herein and, prior to the Repurchase Transaction, directly owned the shares of Series A Convertible Preferred Stock reported herein. Wipro Limited may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of all of the shares owned by Wipro LLC.
F3 The Series A Shares converted into shares of Common Stock at the rate of approximately one Series A Share for 100.9126 shares of Common Stock. The conversion ratio reflects an adjustment of the Issuer's 1-for-10 reverse stock split effective January 31, 2018. The actual number of shares of Common Stock may differ by approximately 50 shares.

Remarks:

Following the reported transactions, the Reporting Persons no longer beneficially own 10% of the Issuer's Common Stock