Sec Form 4 Filing - Satori Capital, LLC @ 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
Satori Capital, LLC
2. Issuer Name and Ticker or Trading Symbol
Lovesac Co [ LOVE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
2501 N. HARWOOD ST.,, 20TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
06/29/2018
(Street)
DALLAS, TX75201
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 06/29/2018 C 1,803,041 A 1,803,041 ( 3 ) I See footnote ( 4 )
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
Series A-1 Preferred Stock ( 1 ) 06/29/2018 C 1,000,000 ( 1 ) ( 1 ) Common Stock 1,301,327 ( 3 ) $ 0 0 I See Footnote ( 5 )
Series A-2 Preferred Stock ( 2 ) 06/29/2018 C 400,000 ( 2 ) ( 2 ) Common Stock 501,714 ( 3 ) $ 0 0 I See Footnote ( 6 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Satori Capital, LLC
2501 N. HARWOOD ST.,
20TH FLOOR
DALLAS, TX75201
X
SCGPM, LLC
2501 N. HARWOOD ST.,
20TH FLOOR
DALLAS, TX75201
X
Satori Capital Strategic Opportunities GP, LLC
2501 N. HARWOOD ST.,
20TH FLOOR,
DALLAS, TX75201
X
Satori Capital III GP, LLC
2501 N. HARWOOD ST.,
20TH FLOOR,
DALLAS, TX75201
X
Satori Capital Strategic Opportunities, LP
2501 N. HARWOOD ST.,
20TH FLOOR,
DALLAS, TX75201
X
Satori Capital III, LP
2501 N. HARWOOD ST.,
20TH FLOOR,
DALLAS, TX75201
X
VANDERBECK SUNNY
2501 N. HARWOOD ST.,
20TH FLOOR,
DALLAS, TX75201
X
Eisenman Randy
2501 N. HARWOOD ST.,
20TH FLOOR,
DALLAS, TX75201
X
Signatures
Satori Capital, LLC; By: /s/ Sunny Vanderbeck; Title: President 06/29/2018
Signature of Reporting Person Date
SCGPM, LLC; By: /s/ Sunny Vanderbeck; Title: President 06/29/2018
Signature of Reporting Person Date
Satori Capital Strategic Opportunities GP, LLC; By: SCGPM, LLC, its Manager, By: /s/ Sunny Vanderbeck; Title: President 06/29/2018
Signature of Reporting Person Date
Satori Capital III GP, LLC; By: SCGPM, LLC, its Manager, By: /s/ Sunny Vanderbeck; Title: President 06/29/2018
Signature of Reporting Person Date
Satori Capital Strategic Opportunities, LP.; By: Satori Capital Strategic Opportunities GP, LLC, its General Partner, By: SCGPM, LLC, its Manager; By: /s/ Sunny Vanderbeck; Title: President 06/29/2018
Signature of Reporting Person Date
Satori Capital III, LP; By: Satori Capital III GP, LLC, its General Partner, By: SCGPM, LLC, its Manager; By: /s/ Sunny Vanderbeck; Title: President 06/29/2018
Signature of Reporting Person Date
Sunny Vanderbeck; By: /s/ Sunny Vanderbeck 06/29/2018
Signature of Reporting Person Date
Randy Eisenman; By: /s/ Randy Eisenman 06/29/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Upon the closing of the Issuer's initial public offering on June 29, 2018, 1,000,000 shares of Series A-1 Preferred Stock, along with the aggregate accrued or accumulated and unpaid dividends thereon, automatically converted into 1,301,327 shares of common stock of the Issuer.
( 2 )Upon the closing of the Issuer's initial public offering on June 29, 2018, 400,000 shares of Series A-2 Preferred Stock, along with the aggregate accrued or accumulated and unpaid dividends thereon, automatically converted into 501,714 shares of common stock of the Issuer.
( 3 )Reflects 1-for-2.5 reverse stock split which became effective on June 29, 2018.
( 4 )Represents 1,255,818 shares of Common Stock owned by Satori Capital Strategic Opportunities, LP ("Satori CSO") and 547,223 shares of Common Stock owned by Satori Capital III, LP ("SCIII"). Satori Capital Strategic Opportunities GP, LLC ("Satori CSOGP"), is the general partner of Satori CSO and Satori Capital III GP, LLC ("SCIIIGP"), is the general partner of SCIII. SCGPM, LLC ("SCGPM") is the manager of Satori CSOGP and SCIIIGP and may be deemed to share voting and dispositive power with respect to the shares held by Satori CSO and SCIII. SCGPM is wholly owned and controlled by Satori Capital, LLC ("Satori Capital"), which is indirectly owned and controlled by Sunny Vanderbeck and Randy Eisenman through entities that Sunny Vanderbeck or Randy Eisenman own or control.
( 5 )Represents 696,500 shares of Series A-1 Preferred Stock owned by Satori CSO and 303,500 shares of Series A-1 Preferred Stock owned by SCIII.
( 6 )Represents 280,000 shares of Series A-2 Preferred Stock owned by Satori CSO and 120,000 shares of Series A-2 Preferred Stock owned by SCIII.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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