Sec Form 4 Filing - HEYER ANDREW R @ Lovesac Co - 2018-06-29

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
HEYER ANDREW R
2. Issuer Name and Ticker or Trading Symbol
Lovesac Co [ LOVE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O MISTRAL EQUITY PARTNERS, 650 FIFTH AVENUE, 10TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
06/29/2018
(Street)
NEW YORK, NY10019
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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, par value $0.00001 06/29/2018 C 409,502 A 409,502 I See Footnotes ( 2 ) ( 8 )
Common Stock, par value $0.00001 06/29/2018 C 464,266 A 464,266 I See Footnotes ( 3 ) ( 8 )
Common Stock, par value $0.00001 06/29/2018 C 261,918 A 261,918 I See Footnotes ( 4 ) ( 8 )
Common Stock, par value $0.00001 6,000,000 ( 5 ) I See Footnotes ( 6 ) ( 8 )
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 Followi ng 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
Warrant to Purchase Common Stock $ 16 ( 7 ) 05/30/2017 06/29/2021( 7 ) Common Stock 187,500 ( 7 ) 187,500 I See footnotes ( 2 ) ( 8 )
Warrant to Purchase Common Stock $ 16 ( 7 ) 05/30/2017 06/29/2021( 7 ) Common Stock 225,000 ( 7 ) 225,000 I See footnotes ( 3 ) ( 8 )
Warrant to Purchase Common Stock $ 16 ( 7 ) 10/19/2017 06/29/2021( 7 ) Common Stock 185,500 ( 7 ) 185,500 I See footnotes ( 4 ) ( 8 )
Series A Convertible Preferred Stock, par value $0.00001 ( 1 ) 06/29/2018 C 300,000 ( 1 ) ( 1 ) Common Stock 409,502 ( 1 ) ( 1 ) 0 I See footnotes ( 2 ) ( 8 )
Series A Convertible Preferred Stock, par value $0.00001 ( 1 ) 06/29/2018 C 360,000 ( 1 ) ( 1 ) Common Stock 464,266 ( 1 ) ( 1 ) 0 I See footnotes ( 3 ) ( 8 )
Series A-2 Convertible Preferred Stock, par value $0.00001 ( 1 ) 06/29/2018 C 212,000 ( 1 ) ( 1 ) Common Stock 261,918 ( 1 ) ( 1 ) 0 I See footnotes ( 4 ) ( 8 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HEYER ANDREW R
C/O MISTRAL EQUITY PARTNERS
650 FIFTH AVENUE, 10TH FLOOR
NEW YORK, NY10019
X X
Signatures
/s/ Andrew R. Heyer 07/20/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Immediately prior to the close of the Issuer's initial public offering on June 29, 2018, the preferred stock, along with the aggregate accrued or accumulated and unpaid dividends thereon, converted into shares of the Issuer's common stock at a conversion price determined in accordance with the terms of the certificate of designations of each series of preferred stock, after giving effect to a 1 for 2.5 reverse stock split that became effective on June 27, 2018.
( 2 )These shares are held by Mistral Sac Holdings, LLC ("MSH"). Mr. Heyer indirectly has sole investment and dispository power over these securities.
( 3 )These shares are held by Mistral Sac Holdings 3, LLC ("MSH3"). Mr. Heyer indirectly has sole investment and dispository power over these securities.
( 4 )These shares are held by Mistral Sac Holdings 4, LLC ("MSH4"). Mr. Heyer indirectly has sole investment and dispository power over these securities.
( 5 )Reflects a 1 for 2.5 reverse stock split that became effective on June 27, 2018.
( 6 )These shares are held by SAC Acquisition LLC ("SAC"). Mr. Heyer indirectly has sole investment and dispository power over these shares.
( 7 )Pursuant to the terms of each warrant, upon the close of the Issuer's initial public offering on June 29, 2018, and after giving effect to a 1 for 2.5 reverse stock split that became effective on June 27, 2018, each warrant automatically adjusted as follows: (i) the exercise price was adjusted to be equal to the purchase price or deemed purchase price per share of common stock in the Issuer's initial public offering, and (ii) the expiration date of each warrant was adjusted to be June 29, 2021, three years from the close of the Issuer's initial public offering.
( 8 )By reason of the provisions of Rule 16a-1 of the Exchange Act, Mr. Heyer may be deemed to be beneficial owners of certain of the securities that are deemed to be beneficially owned by SAC, MSH, MSH3 and MSH4. Mr. Heyer disclaims beneficial ownership of the securities owned by SAC, MSH, MSH3 and MSH4, except to the extent of Mr. Heyer's pecuniary interest therein.

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