Robert Averick - Aug 11, 2023 Form 4 Insider Report for AMTECH SYSTEMS INC (ASYS)

Role
Director, 10%+ Owner
Signature
** Robert Averick
Stock symbol
ASYS
Transactions as of
Aug 11, 2023
Transactions value $
$66,600
Form type
4
Date filed
8/14/2023, 04:01 PM
Previous filing
Jun 2, 2023
Next filing
Aug 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASYS Common Stock Purchase $66.6K +7.5K +2.05% $8.88 373K Aug 11, 2023 Direct F5
holding ASYS Common Stock 2.25M Aug 11, 2023 See footnote 2 below F1, F2
holding ASYS Common Stock 500 Aug 11, 2023 See footnote 3 below F3
holding ASYS Common Stock 2K Aug 11, 2023 See footnote 4 below F4

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 ASYS Restricted Stock Units 4.19K Aug 11, 2023 Common Stock 4.19K Direct F6
holding ASYS Director Stock Option (Right to Buy) 42K Aug 11, 2023 Common Stock 42K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a Schedule 13D filed on January 25, 2016, as amended (as further amended from time to time, the "Schedule 13D"), (i) Piton Capital Partners LLC ("Piton"), Cornice Fiduciary Management LLC (as trustee of the Trust (as defined in the Schedule 13D)) and M3C Holdings LLC (collectively, the "Kokino Family Clients"), (ii) Mr. Averick, and (iii) OIH LLC also report beneficial ownership of shares of the Issuer's $.01 par value common stock ("Common Shares").
F2 Indicates 2,250,000 Common Shares beneficially owned by the Kokino Family Clients. Mr. Averick is a Portfolio Manager at Kokino LLC ("Kokino"). Mr. Averick manages the Kokino Family Clients' investment in the Issuer as a Portfolio Manager of Kokino. Mr. Averick holds an indirect interest in certain Common Shares through his minority ownership of Piton, which is a Kokino Family Client (which ownership may be held through Piton's managing member, Piton Capital Management LLC ("PCM")). Also, Mr. Averick's incentive compensation/allocation as an employee of Kokino and member of Piton, which are generally calculated in Kokino's discretion subject to Piton's and PCM's governing documents, may be based on the performance of Common Shares held by Kokino Family Clients. Such compensation/allocation may be paid or made in cash and/or by way of increasing Mr. Averick's interest in Piton (either directly or indirectly through PCM). Kokino is PCM's managing member.
F3 Indicates Common Shares held in a custodial account for the benefit of an immediate family member of Mr. Averick.
F4 Indicates Common Shares held by Mr. Averick's spouse.
F5 The reported price in Column 4 is a weighted average price rounded to the nearest hundredth. The prices of shares purchased on August 11, 2023 ranged from $8.80 to $8.89 per share. Mr. Averick undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased within the price range described in this footnote.
F6 This is the total of all restricted stock units held by Mr. Averick as of the filing date of this Form 4.
F7 This is the total of all director stock options (right to buy), including those with different terms and conditions, held by Mr. Averick as of the filing date of this Form 4.