Form 4 Perceptron Inc/mi

Statement of changes in beneficial ownership of securities

Published: 2019-09-05 17:20:02
Submitted: 2019-09-05
Period Ending In: 2019-09-03
ownership.html


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SEC FORM 4

SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BRYANT JOHN F.

(Last) (First) (Middle)
2100 THIRD AVENUE NORTH, SUITE 600

(Street)
BIRMINGHAM AL 35203

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PERCEPTRON INC/MI [ PRCP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/03/2019
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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, $0.01 par value 09/03/2019 A 3,222 A $4.5 15,573 I See footnote(1)
Common Stock, $0.01 par value 987,091 I See footnote(2)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 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: 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
1. Name and Address of Reporting Person*
BRYANT JOHN F.

(Last) (First) (Middle)
2100 THIRD AVENUE NORTH, SUITE 600

(Street)
BIRMINGHAM AL 35203

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Harbert Discovery Fund, LP

(Last) (First) (Middle)
2100 THIRD AVENUE NORTH, SUITE 600

(Street)
BIRMINGHAM AL 35203

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HARBERT DISCOVERY FUND GP, LLC

(Last) (First) (Middle)
2100 THIRD AVENUE NORTH, SUITE 600

(Street)
BIRMINGHAM AL 35203

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HARBERT FUND ADVISORS, INC.

(Last) (First) (Middle)
2100 THIRD AVENUE NORTH, SUITE 600

(Street)
BIRMINGHAM AL 35203

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HARBERT MANAGEMENT CORP

(Last) (First) (Middle)
2100 THIRD AVENUE NORTH, SUITE 600

(Street)
BIRMINGHAM AL 35203

(City) (State) (Zip)
1. Name and Address of Reporting Person*
LUCAS KENAN

(Last) (First) (Middle)
2100 THIRD AVENUE NORTH, SUITE 600

(Street)
BIRMINGHAM AL 35203

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HARBERT RAYMOND J

(Last) (First) (Middle)
2100 THIRD AVENUE NORTH
SUITE 600

(Street)
BIRMINGHAM AL 35203

(City) (State) (Zip)
Explanation of Responses:
1. The Reporting Person received 3,222 shares of common stock (the "Reported Shares") in lieu of a portion of his annual Board Compensation pursuant to the Directors Stock Purchase Rights under the 2004 Stock Incentive Plan, an exempt plan. The Reported shares were assigned to Harbert Fund Advisors, Inc. ("HFA"), and are held in an affiliated brokerage account for the benefit of the investors of Harbert Discovery Fund, LP (the "Fund").
2. These shares are held by the Fund and may be deemed to be beneficially owned by (i) Harbert Discovery Fund GP, LLC (the "Fund GP"), the general partner of the Fund, (ii) HFA, the investment adviser to the Fund, (iii) Harbert Management Corporation ("HMC"), the managing member of the Fund GP, (iv) the Reporting Person, a Senior Advisor of the Fund, and a Vice President and Senior Managing Director of HMC, (v) Kenan Lucas, the Managing Director and Portfolio Manager of the Fund GP and (v) Raymond Harbert, the controlling shareholder, Chairman and Chief Executive Officer of HMC.
Remarks:
The Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
/s/ John F. Bryant 09/05/2019
Harbert Discovery Fund, LP, By: Harbert Discovery Fund GP, LLC, its General Partner, By: Harbert Management Corporation, its Managing Member, By: /s/ John McCullough, Executive Vice President and General Counsel 09/05/2019
Harbert Discovery Fund GP, LLC, By: Harbert Management Corporation, its Managing Member, By: /s/ John McCullough, Executive Vice President and General Counsel 09/05/2019
Harbert Fund Advisors, Inc., By: /s/ John McCullough, Executive Vice President and General Counsel 09/05/2019
Harbert Management Corporation, By: /s/ John McCullough, Executive Vice President and General Counsel 09/05/2019
/s/ Kenan Lucas 09/05/2019
/s/ Raymond Harbert 09/05/2019
** 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 Number.
ownership.xml
Schema Version:
X0306
Document Type:
4
Period Of Report:
2019-09-03
Not Subject To Section16:
0

Issuer

Issuer Cik
0000887226
Issuer Name
PERCEPTRON INC/MI
Issuer Trading Symbol
PRCP

Reporting Owner

Reporting Owner Id

Rpt Owner Cik
0001642336
Rpt Owner Name
BRYANT JOHN F.

Reporting Owner Address

Rpt Owner Street1
2100 THIRD AVENUE NORTH, SUITE 600
Rpt Owner City
BIRMINGHAM
Rpt Owner State
AL
Rpt Owner Zip Code
35203

Reporting Owner Relationship

Is Director
1
Is Officer
0
Is Ten Percent Owner
1
Is Other
0

Reporting Owner Id

Rpt Owner Cik
0001626127
Rpt Owner Name
Harbert Discovery Fund, LP

Reporting Owner Address

Rpt Owner Street1
2100 THIRD AVENUE NORTH, SUITE 600
Rpt Owner City
BIRMINGHAM
Rpt Owner State
AL
Rpt Owner Zip Code
35203

Reporting Owner Relationship

Is Director
0
Is Officer
0
Is Ten Percent Owner
1
Is Other
0

Reporting Owner Id

Rpt Owner Cik
0001642538
Rpt Owner Name
HARBERT DISCOVERY FUND GP, LLC

Reporting Owner Address

Rpt Owner Street1
2100 THIRD AVENUE NORTH, SUITE 600
Rpt Owner City
BIRMINGHAM
Rpt Owner State
AL
Rpt Owner Zip Code
35203

Reporting Owner Relationship

Is Director
0
Is Officer
0
Is Ten Percent Owner
1
Is Other
0

Reporting Owner Id

Rpt Owner Cik
0001616659
Rpt Owner Name
HARBERT FUND ADVISORS, INC.

Reporting Owner Address

Rpt Owner Street1
2100 THIRD AVENUE NORTH, SUITE 600
Rpt Owner City
BIRMINGHAM
Rpt Owner State
AL
Rpt Owner Zip Code
35203

Reporting Owner Relationship

Is Director
0
Is Officer
0
Is Ten Percent Owner
1
Is Other
0

Reporting Owner Id

Rpt Owner Cik
0001259933
Rpt Owner Name
HARBERT MANAGEMENT CORP

Reporting Owner Address

Rpt Owner Street1
2100 THIRD AVENUE NORTH, SUITE 600
Rpt Owner City
BIRMINGHAM
Rpt Owner State
AL
Rpt Owner Zip Code
35203

Reporting Owner Relationship

Is Director
0
Is Officer
0
Is Ten Percent Owner
1
Is Other
0

Reporting Owner Id

Rpt Owner Cik
0001642389
Rpt Owner Name
LUCAS KENAN

Reporting Owner Address

Rpt Owner Street1
2100 THIRD AVENUE NORTH, SUITE 600
Rpt Owner City
BIRMINGHAM
Rpt Owner State
AL
Rpt Owner Zip Code
35203

Reporting Owner Relationship

Is Director
0
Is Officer
0
Is Ten Percent Owner
1
Is Other
0

Reporting Owner Id

Rpt Owner Cik
0001233571
Rpt Owner Name
HARBERT RAYMOND J

Reporting Owner Address

Rpt Owner Street1
2100 THIRD AVENUE NORTH
Rpt Owner Street2
SUITE 600
Rpt Owner City
BIRMINGHAM
Rpt Owner State
AL
Rpt Owner Zip Code
35203

Reporting Owner Relationship

Is Director
0
Is Officer
0
Is Ten Percent Owner
1
Is Other
0

Non Derivative Table

Non Derivative Transaction

Security Title
Common Stock, $0.01 par value
Transaction Date
2019-09-03

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
3222
Transaction Price Per Share
4.50
Transaction Acquired Disposed Code
A
Shares Owned Following Transaction
15573

Ownership Nature

Direct Or Indirect Ownership
I

Nature Of Ownership

Value
See footnote
@attributes Id
F1

Non Derivative Holding

Security Title
Common Stock, $0.01 par value
Shares Owned Following Transaction
987091

Ownership Nature

Direct Or Indirect Ownership
I

Nature Of Ownership

Value
See footnote
@attributes Id
F2

Footnote

0
The Reporting Person received 3,222 shares of common stock (the "Reported Shares") in lieu of a portion of his annual Board Compensation pursuant to the Directors Stock Purchase Rights under the 2004 Stock Incentive Plan, an exempt plan. The Reported shares were assigned to Harbert Fund Advisors, Inc. ("HFA"), and are held in an affiliated brokerage account for the benefit of the investors of Harbert Discovery Fund, LP (the "Fund").
1
These shares are held by the Fund and may be deemed to be beneficially owned by (i) Harbert Discovery Fund GP, LLC (the "Fund GP"), the general partner of the Fund, (ii) HFA, the investment adviser to the Fund, (iii) Harbert Management Corporation ("HMC"), the managing member of the Fund GP, (iv) the Reporting Person, a Senior Advisor of the Fund, and a Vice President and Senior Managing Director of HMC, (v) Kenan Lucas, the Managing Director and Portfolio Manager of the Fund GP and (v) Raymond Harbert, the controlling shareholder, Chairman and Chief Executive Officer of HMC.
Remarks:
The Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Owner Signature

Signature Name
/s/ John F. Bryant
Signature Date
2019-09-05
Signature Name
Harbert Discovery Fund, LP, By: Harbert Discovery Fund GP, LLC, its General Partner, By: Harbert Management Corporation, its Managing Member, By: /s/ John McCullough, Executive Vice President and General Counsel
Signature Date
2019-09-05
Signature Name
Harbert Discovery Fund GP, LLC, By: Harbert Management Corporation, its Managing Member, By: /s/ John McCullough, Executive Vice President and General Counsel
Signature Date
2019-09-05
Signature Name
Harbert Fund Advisors, Inc., By: /s/ John McCullough, Executive Vice President and General Counsel
Signature Date
2019-09-05
Signature Name
Harbert Management Corporation, By: /s/ John McCullough, Executive Vice President and General Counsel
Signature Date
2019-09-05
Signature Name
/s/ Kenan Lucas
Signature Date
2019-09-05
Signature Name
/s/ Raymond Harbert
Signature Date
2019-09-05
Additional Files
FileSequenceDescriptionTypeSize
0000919574-19-005711.txt   Complete submission text file   17267
$PRCP

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