Sec Form 4/A Filing - BRONSON STEVEN N @ QUALSTAR CORP - 2015-03-05

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FORM 4/A
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
BRONSON STEVEN N
2. Issuer Name and Ticker or Trading Symbol
QUALSTAR CORP [ QBAK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO and President
(Last) (First) (Middle)
31248 OAK CREST DRIVE, SUITE 120
3. Date of Earliest Transaction (MM/DD/YY)
03/05/2015
(Street)
WESTLAKE VILLAGE, CA91361
4. If Amendment, Date Original Filed (MM/DD/YY)
03/09/2015
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/05/2015 P 29,201 ( 1 ) A $ 1.4975 3,133,589 ( 2 ) ( 5 ) D
Common Stock 03/06/2015 P 100 ( 1 ) A $ 1.5 3,133,689 ( 3 ) ( 5 ) D
Common Stock 03/09/2015 P 737 ( 1 ) A $ 1.47 3,134,426 ( 4 ) ( 5 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BRONSON STEVEN N
31248 OAK CREST DRIVE, SUITE 120
WESTLAKE VILLAGE, CA91361
X X CEO and President
BKF CAPITAL GROUP INC
3990-B HERITAGE OAK CT.
SIMI VALLEY, CA93063
X
BKF Asset Holdings, Inc.
3990-B HERITAGE OAK CT.
SIMI VALLEY, CA93063
X
Signatures
/s/ Steven N. Bronson 03/04/2016
Signature of Reporting Person Date
/s/ Steven N. Bronson, CEO, BKF Capital Group, Inc. 03/04/2016
Signature of Reporting Person Date
/s/ Steven N. Bronson, CEO, BKF Asset Holdings, Inc. 03/04/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares of Qualstar Corporation (Qualstar) were purchased by BKF Asset Holdings, Inc. (BKF Holdings) in open market transactions. BKF Holdings is a wholly owned subsidiary of BKF Capital Group, Inc. (BKF Capital).
( 2 )BKF Capital may be deemed the beneficial owner of 3,075,889 shares of Qualstar, consisting of 1,500,000 shares owned directly by BKF Capital, and an additional 1,575,889 shares owned through BKF Holdings. Steven N. Bronson, as the Chairman, CEO and majority shareholder of BKF Capital, may be deemed to be the beneficial owner of the shares of Qualstar held by BKF Capital. Mr. Bronson is the owner of an additional 57,700 shares of Qualstar.
( 3 )BKF Capital may be deemed the beneficial owner of 3,075,989 shares of Qualstar, consisting of 1,500,000 shares owned directly by BKF Capital, and an additional 1,575,989 shares owned through BKF Holdings. Steven N. Bronson, as the Chairman, CEO and majority shareholder of BKF Capital, may be deemed to be the beneficial owner of the shares of Qualstar held by BKF Capital. Mr. Bronson is the owner of an additional 57,700 shares of Qualstar.
( 4 )BKF Capital may be deemed the beneficial owner of 3,076,726 shares of Qualstar, consisting of 1,500,000 shares owned directly by BKF Capital, and an additional 1,575,726 shares owned through BKF Holdings. Steven N. Bronson, as the Chairman, CEO and majority shareholder of BKF Capital, may be deemed to be the beneficial owner of the shares of Qualstar held by BKF Capital. Mr. Bronson is the owner of an additional 57,700 shares of Qualstar.
( 5 )The purpose of this amendment is to revise the number of shares reported in Column 5, Amount of Securities Beneficially Owned Following Reporting Transaction(s), to account for 100 shares that were purchased on March 4, 2015 but inadvertently omitted from the above numbers. The transaction covering the purchase of 100 shares on March 4, 2015 is disclosed in a separate Form 4 filing.

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