Corre Partners Management, LLC - Apr 19, 2022 Form 4 Insider Report for NN INC (NNBR)

Role
10%+ Owner
Signature
Corre Partners Management, LLC, /s/ Eric Soderlund, Managing Member
Stock symbol
NNBR
Transactions as of
Apr 19, 2022
Transactions value $
$1,068,315
Form type
4
Date filed
4/21/2022, 07:17 PM
Previous filing
Apr 21, 2022
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNBR Common Stock, par value $0.01 per share Purchase $714K +275K +7.29% $2.60 4.04M Apr 19, 2022 Footnote F1, F2
transaction NNBR Common Stock, par value $0.01 per share Purchase $163K +59.8K +1.48% $2.73 4.1M Apr 20, 2022 Footnote F2, F3
transaction NNBR Common Stock, par value $0.01 per share Purchase $191K +69.5K +1.69% $2.75 4.17M Apr 21, 2022 Footnote F2, F4
holding NNBR Common Stock, par value $0.01 per share 621K Apr 19, 2022 Footnote F5

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
holding NNBR Common Stock Purchase Warrant 720K Apr 19, 2022 Common Stock, par value $0.01 per share 720K $12.00 Footnote F2
holding NNBR Common Stock Purchase Warrant 195K Apr 19, 2022 Common Stock, par value $0.01 per share 195K $12.00 Footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions within the range of $2.55 to $2.62. 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 purchased at each separate price within the ranges set forth in this footnote.
F2 The reported securities are directly owned by Corre Opportunities Qualified Master Fund, LP (the "Qualified Master Fund"). The reported securities may be deemed beneficially owned by Corre Partners Management, LLC ("Corre"), the investment manager of the Qualified Master Fund, Corre Partners Advisors, LLC ("Corre GP"), the general partner of the Qualified Master Fund, and John Barrett and Eric Soderlund, the managing members of Corre and Corre GP, each a Reporting Person. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F3 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions within the range of $2.64 to $2.75. 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 purchased at each separate price within the ranges set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions within the range of $2.70 to $2.75. 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 purchased at each separate price within the ranges set forth in this footnote.
F5 The reported securities are directly owned by Corre Horizon Fund, LP (the "Partnership"). The reported securities may be deemed beneficially owned by Corre, the investment manager of the Partnership, Corre GP, the general partner of the Partnership, and John Barrett and Eric Soderlund, the managing members of Corre and Corre GP, each a Reporting Person. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.