Sec Form 4 Filing - BERMAN ROBERT ALAN @ Rekor Systems, Inc. - 2020-12-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
BERMAN ROBERT ALAN
2. Issuer Name and Ticker or Trading Symbol
Rekor Systems, Inc. [ REKR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
C/O REKOR SYSTEMS, INC., 7172 COLUMBIA GATEWAY DRIVE, SUITE 400
3. Date of Earliest Transaction (MM/DD/YY)
12/16/2020
(Street)
COLUMBIA, MD21046
4. If Amendment, Date Original Filed (MM/DD/YY)
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 22,000 D
Common Stock ( 1 ) 12/16/2020 G 375,000 D 2,940,104 I ( 3 ) By Avon Road Partners, L.P.
Common Stock 2,725,836 I ( 4 ) By Rekor Holdings LLC
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
BERMAN ROBERT ALAN
C/O REKOR SYSTEMS, INC.
7172 COLUMBIA GATEWAY DRIVE, SUITE 400
COLUMBIA, MD21046
X X Chief Executive Officer
Avon Road Partners, L.P.
2811 AQUETONG ROAD
NEW HOPE, PA18938
X
Rekor Holdings LLC
2811 AQUETONG ROAD
NEW HOPE, PA18938
X
Signatures
/s/ Robert A. Berman 12/17/2020
Signature of Reporting Person Date
/s/ Robert A. Berman, General Partner of Avon Road Partners, L.P. 12/17/2020
Signature of Reporting Person Date
/s/ Robert A. Berman, Manager of Rekor Holdings LLC 12/17/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each of the reporting persons disclaims beneficial ownership of the Common Stock (as defined below) reported herein, except to the extent of his or its pecuniary interest therein.
( 2 )Avon Road Partners, L.P. ("Avon Road") transferred 375,000 shares of common stock of Rekor Systems, Inc. (the "Common Stock") to a trust of which Avon Road is a beneficiary, but has no investment control over the securities held by the trust. The reporting persons no longer have a beneficial ownership in the transferred shares.
( 3 )Mr. Berman is the general partner of Avon Road Partners, L.P.
( 4 )Mr. Berman is the manager of Rekor Holdings LLC and maintains voting and dispositive power over the Common Stock.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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