Statement of Changes in Beneficial Ownership (4)
03 Septiembre 2021 - 3:21PM
Edgar (US Regulatory)
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 OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
KOSS MICHAEL J |
2. Issuer Name and Ticker or Trading Symbol
KOSS CORP
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KOSS
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO |
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(Last)
(First)
(Middle)
C/O KOSS CORPORATION, 4129 N. PORT WASHINGTON AVE. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/26/2021 |
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(Street)
MILWAUKEE, WI 53212
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 8/26/2021 | | M | | 8500 | A | $1.95 | 783407 | D | |
| Common Stock | 8/26/2021 | | S | | 8500 | D | $18.33 (1) | 774907 | D | |
| Common Stock | | | | | | | | 27000 | I | As co-trustee of trusts for children (2) |
| Common Stock | | | | | | | | 1000885 | I | As co-trustee of Koss Family Trust (3) |
| Common Stock | | | | | | | | 707949 | I | As co-trustee of Nancy Koss Trust (3) |
| Common Stock | | | | | | | | 157801 | I | ESOP |
| Common Stock | | | | | | | | 983800 | I | By family corporation (4) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security
(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 |
| Stock Option (right to buy) | $1.95 | 8/26/2021 | | M | | | 8500 (5) | (6) | 7/26/2022 | Common Stock | 8500 | $0.00 | 20000 | D | |
| Explanation of Responses: |
| (1) | The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.25 to $18.36, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| (2) | These shares are held through two separate trusts. Each trust benefits an adult child of the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |
| (3) | The reporting person and members of his immediate family are the sole beneficiaries of the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |
| (4) | The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |
| (5) | This exercise of the option was inadvertantly omitted from the reporting person's Form 4 filed on August 26, 2021 and not reflected in the Forms 4 subsequently filed by the reporting person on August 31, 2021 and September 2, 2021. |
| (6) | This option vested in four equal annual installments beginning on July 26, 2018. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
KOSS MICHAEL J
C/O KOSS CORPORATION
4129 N. PORT WASHINGTON AVE.
MILWAUKEE, WI 53212 | X | X | President and CEO |
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Signatures
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| /s/ David D. Smith, as attorney-in-fact | | 9/3/2021 |
| **Signature of Reporting Person | Date |
Koss (NASDAQ:KOSS)
Gráfica de Acción Histórica
De Ene 2025 a Feb 2025
Koss (NASDAQ:KOSS)
Gráfica de Acción Histórica
De Feb 2024 a Feb 2025
