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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Grafer John Richard
2. Issuer Name and Ticker or Trading Symbol

Lovesac Co [ LOVE ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O THE LOVESAC COMPANY, TWO LANDMARK SQUARE, SUITE 300
3. Date of Earliest Transaction (MM/DD/YYYY)

10/2/2019
(Street)

STAMFORD, CT 06901
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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
Restricted Stock Units   (1) 10/2/2019    A     3245       (2)  (2) Common Stock  3245  $0  3245  I  See Footnote (4)
Restricted Stock Units   (1) 10/2/2019    A     3245       (3)  (3) Common Stock  3245  $0  3245  I  See Footnote (4)

Explanation of Responses:
(1)  Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
(2)  The reporting person received a grant of 3,245 RSUs, all of which vest on October 2, 2020.
(3)  The reporting person received a grant of 3,245 RSUs, of which 1,623 vest on October 2, 2020 and 1,622 vest on October 2, 2021.
(4)  The RSUs were granted to Mr. Grafer, a partner at Satori Capital, LLC ("Satori Capital"), in connection with his service as a member of the board of directors of the Issuer. Pursuant to the policies of Satori Capital, Mr. Grafer holds these RSUs as a nominee on behalf, and for the sole benefit, of Satori Capital. Mr. Grafer disclaims beneficial ownership of the RSUs, and the filing of this Form 4 shall not be deemed an admission that Mr. Grafer is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Satori Capital is indirectly owned and controlled by Sunny Vanderbeck and Randy Eisenman through entities that Sunny Vanderbeck or Randy Eisenman own or control.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Grafer John Richard
C/O THE LOVESAC COMPANY
TWO LANDMARK SQUARE, SUITE 300
STAMFORD, CT 06901
X


Satori Capital, LLC
2501 N. HARWOOD ST., 20TH FLOOR
DALLAS, TX 75201
X X

VANDERBECK SUNNY
2501 N. HARWOOD ST., 20TH FLOOR
DALLAS, TX 75201

X

Eisenman Randy
2501 N. HARWOOD ST., 20TH FLOOR
DALLAS, TX 75201

X


Signatures
/s/ John Grafer 10/4/2019
**Signature of Reporting Person Date

Satori Capital, LLC; By /s/ Sunny Vanderbeck; Title: President 10/4/2019
**Signature of Reporting Person Date

Sunny Vanderbeck; By: /s/ Sunny Vanderbeck 10/4/2019
**Signature of Reporting Person Date

Randy Eisenman; By: /s/ Randy Eisenman 10/4/2019
**Signature of Reporting Person Date


Lovesac (NASDAQ:LOVE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Lovesac Charts.
Lovesac (NASDAQ:LOVE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Lovesac Charts.
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....