Amended Statement of Changes in Beneficial Ownership (4/a)
20 Abril 2022 - 07:11PM
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).
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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
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1. Name
and Address of Reporting Person * CANNELL CAPITAL
LLC |
2. Issuer Name and Ticker or Trading
Symbol BUILD-A-BEAR WORKSHOP INC [ BBW ] |
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)
245 MERIWETHER CIRCLE |
3. Date of Earliest Transaction (MM/DD/YYYY)
4/13/2022
|
(Street)
ALTA, WY 83414
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
4/14/2022
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ 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 |
Build-A-Bear Workshop, Inc. Common
Stock |
4/13/2022 |
|
S |
|
4110 |
D |
$18.19 |
1667034 |
I (1)(2)(3) |
By partnerships and separately-managed
accounts (1)(2)(3) |
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 |
Explanation of
Responses: |
(1) |
As of April 14, 2022, Tonga
Partners, LP, Tristan Partners, LP, and Tristan Offshore Fund,
Ltd., and sundry separately-managed accounts advised by Cannell
Capital LLC (collectively the "Cannell Investment Vehicles") owned
in the aggregate 1,667,034 shares of the common stock of
Build-A-Bear Workshop, Inc. |
(2) |
Cannell Capital LLC acts as
the general partner of and investment adviser to Tonga Partners,
LP, and Tristan Partners, L.P. and as the investment adviser to the
Tristan Offshore Fund, Ltd and the sundry separately-managed
accounts. J. Carlo Cannell is the sole managing member of Cannell
Capital LLC. As such, Mr. Cannell possesses sole power to vote and
direct the disposition of all securities of Build-A-Bear Workshop,
Inc. held by the Cannell Investment Vehicles. Thus, for the
purposes of Reg. Section 240.13d-3, as of April 14, 2022, Mr.
Cannell beneficially owns 1,667,034 shares. Mr. Cannell's interest
in the securities reported herein is limited to the extent of his
pecuniary interest in each of the Cannell Investment Vehicles, if
any. |
(3) |
From the sale transactions
dated April 13, 2022, Cannell Capital LLC realized short-swing
profits of $9,187.32 net of brokerage commissions on 4,110 shares
of the Company purchased between March 11, 2022 and April 6, 2022
at an average price of $15.95 per share. Cannell Capital LLC has
voluntarily disgorged these profits to the Company. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
CANNELL CAPITAL LLC
245 MERIWETHER CIRCLE
ALTA, WY 83414 |
|
X |
|
|
Signatures
|
Nichole Rousseau-McAllister |
|
4/20/2022 |
**Signature of
Reporting Person |
Date |
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. |
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