4//SEC Filing
Pleasant Lake Onshore Feeder Fund LP 4
Accession 0000929638-25-000047
CIK 0001524025other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 6:05 PM ET
Size
16.6 KB
Accession
0000929638-25-000047
Insider Transaction Report
Form 4
TILLY'S, INC.TLYS
Fund 1 Investments, LLC
10% Owner
Transactions
- PurchaseSwap
Cash-Settled Total Return Swap
2025-01-02$4.34/sh+35,742$155,124→ 549,627 total(indirect: See Footnotes)Exp: 2027-12-27→ Common Stock (35,742 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2025-01-03$4.52/sh+28,292$127,973→ 577,919 total(indirect: See Footnotes)Exp: 2027-12-27→ Common Stock (28,292 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2025-01-06$4.40/sh+25,000$110,122→ 602,919 total(indirect: See Footnotes)Exp: 2027-12-27→ Common Stock (25,000 underlying)
Footnotes (6)
- [F1]The Reporting Persons have entered into certain cash-settled total return swap agreements with an unaffiliated third party financial institution, which provide the Reporting Persons with economic exposure to 35,742 notional shares of common stock for a price of $4.3401 per share. The swap agreements provide the Reporting Persons with economic results that are comparable to the economic results of ownership but do not provide the Reporting Persons with the power to vote or direct the voting or dispose of or direct the disposition of the shares of common stock that are the subject of the swap agreements (the "Subject Shares"). Each of the Reporting Persons disclaims beneficial ownership of the Subject Shares except to the extent of its or his pecuniary interest therein.
- [F2]Shares reported herein are held for the benefit of PLP Funds Master Fund LP (the Master Fund") and additional private investment vehicles for which Pleasant Lake Partners LLC ("PLP") serves as investment adviser. Fund 1 Investments, LLC serves as managing member of PLP. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. On January 2, 2025, Pleasant Lake Onshore Feeder Fund, LP contributed all of its securities in the Issuer to the Master Fund in a transaction exempt from reporting under Rule 16a-13. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
- [F3]Shares held for the account of the PL Fund.
- [F4]The expiration date of the swap agreements will be automatically extended for successive 12 month periods unless one party provides written notice to the other party, at least 30 calendar days prior to the first extension and at least 15 calendar days prior to any subsequent extension, not to so extend the expiration date.
- [F5]The Reporting Persons have entered into certain cash-settled total return swap agreements with an unaffiliated third party financial institution, which provide the Reporting Persons with economic exposure to 28,292 notional shares of common stock for a price of $4.5233 per share. The swap agreements provide the Reporting Persons with economic results that are comparable to the economic results of ownership but do not provide the Reporting Persons with the power to vote or direct the voting or dispose of or direct the disposition of the Subject Shares. Each of the Reporting Persons disclaims beneficial ownership of the Subject Shares except to the extent of its or his pecuniary interest therein.
- [F6]The Reporting Persons have entered into certain cash-settled total return swap agreements with an unaffiliated third party financial institution, which provide the Reporting Persons with economic exposure to 25,000 notional shares of common stock for a price of $4.4049 per share. The swap agreements provide the Reporting Persons with economic results that are comparable to the economic results of ownership but do not provide the Reporting Persons with the power to vote or direct the voting or dispose of or direct the disposition of the Subject Shares. Each of the Reporting Persons disclaims beneficial ownership of the Subject Shares except to the extent of its or his pecuniary interest therein.
Documents
Issuer
TILLY'S, INC.
CIK 0001524025
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001567434
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 6:05 PM ET
- Size
- 16.6 KB