Nelson Obus - Dec 3, 2021 Form 4 Insider Report for Williams Industrial Services Group Inc. (WLMS)

Role
Director, 10%+ Owner
Signature
/s/ Charles E. Wheelock for Nelson Obus by Power of Attorney
Stock symbol
WLMS
Transactions as of
Dec 3, 2021
Transactions value $
$31,032
Form type
4
Date filed
12/7/2021, 07:39 PM
Previous filing
Aug 25, 2021
Next filing
Dec 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLMS Common Stock, $0.01 par value per share Purchase $9.61K +2.97K +0.05% $3.24 6.4M Dec 3, 2021 See Footnote F1, F2, F3
transaction WLMS Common Stock, $0.01 par value per share Purchase $21.4K +6.6K +0.1% $3.24 6.41M Dec 6, 2021 See Footnote F1, F2, F4
holding WLMS Common Stock, $0.01 par value per share 247K Dec 3, 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As of the date of this Form 4, Mr. Obus is (i) a principal executive officer of Wynnefield Capital, Inc., which is the sole investment manager of Wynnefield Small Cap Value Offshore Fund, Ltd., which beneficially owns 1,566,480 shares of the issuer's common stock; (ii) a co-managing member of Wynnefield Capital Management, LLC, which is the sole general partner of Wynnefield Partners Small Cap Value, L.P. I, which beneficially owns 2,483,332 shares of the issuer's common stock, and the sole general partner of Wynnefield Partners Small Cap Value, L.P., which beneficially owns 2,103,087 shares of the issuer's common stock; and (iii) a co-trustee of Wynnefield Capital, Inc. Profit Sharing & Money Purchase Plan, which beneficially owns 255,276 shares of the issuer's common stock. Mr. Obus disclaims beneficial ownership of the securities described in this footnote except to the extent of his pecuniary interest.
F2 On December 3, 2021 and December 6, 2021, Wynnefield Small Cap Value Offshore Fund, Ltd. purchased 588 and 1,309 shares, respectively; Wynnefield Partners Small Cap Value, L.P. I purchased 1,447 and 3,222 shares, respectively; and Wynnefield Partners Small Cap Value, L.P. purchased 931 and 2,072 shares, respectively.
F3 Represents the weighted average purchase price of multiple transactions, with shares purchased at prices ranging from $3.24 to $3.25 per share. The reporting person hereby undertakes to provide, upon request by the U.S. Securities and Exchange Commission staff, the issuer or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.
F4 Represents the weighted average purchase price of multiple transactions, with shares purchased at prices ranging from $3.23 to $3.25 per share. The reporting person hereby undertakes to provide, upon request by the U.S. Securities and Exchange Commission staff, the issuer or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.