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Form 4 DETERMINE, INC. For: Apr 10 Filed by: SUBIN NEIL S

April 12, 2019 3:15 PM
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
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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 *
SUBIN NEIL S

(Last) (First) (Middle)
3300 SOUTH DIXIE HIGHWAY
SUITE 1-365

(Street)
WEST PALM BEACH FL 33405

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DETERMINE, INC. [ DTRM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2019
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. 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 6,576,315 (1) I By Milfam II L.P.
Common Stock 354,789 (1) I By LIM III - Trust A-4
Common Stock 354,786 (1) I By MBM - Trust A-4
Common Stock 301,590 (1) I By Trust C - Lloyd I. Miller
Common Stock 211,351 (1) I By Milfam I L.P.
Common Stock 2,100 (1) I By Trust D - Lloyd I. Miller
Common Stock 250,820 (1) I By Lloyd I. Miller, III Revocable Trust
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
Junior Secured Convertible Promissory Note and PIK Interest $ 5.7 04/10/2019 J (2) 899,112.94 (3) 05/05/2015 12/16/2020 Common Stock 157,738 (3) (2) 0 (1) I By Milfam II L.P.
Junior Secured Convertible Promissory Note and PIK Interest $ 5.7 04/10/2019 J (2) 899,109.97 (3) 05/05/2015 12/16/2020 Common Stock 157,738 (3) (2) 0 (1) I By Lloyd I. Miller, III Revocable Trust
Junior Secured Convertible Promissory Note and PIK Interest $ 5.7 04/10/2019 J (2) 449,554.99 (3) 05/05/2015 12/16/2020 Common Stock 78,869 (3) (2) 0 (1) I By LIM III - Trust A-4
Junior Secured Convertible Promissory Note and PIK Interest $ 5.7 04/10/2019 J (2) 449,554.99 (3) 05/05/2015 12/16/2020 Common Stock 78,869 (3) (2) 0 (1) I By MBM - Trust A-4
Junior Secured Convertible Promissory Note and PIK Interest $ 3 04/10/2019 J (2) 767,439.97 (3) 12/16/2015 12/16/2020 Common Stock 255,813 (3) (2) 0 (1) I By Milfam II L.P.
Junior Secured Convertible Promissory Note and PIK Interest $ 3 04/10/2019 J (2) 767,439.97 (3) 12/16/2015 12/16/2020 Common Stock 255,813 (3) (2) 0 (1) I By Lloyd I. Miller, III Revocable Trust
Junior Secured Convertible Promissory Note and PIK Interest $ 3 04/10/2019 J (2) 383,719.99 (3) 12/16/2015 12/16/2020 Common Stock 127,906 (3) (2) 0 (1) I By LIM III - Trust A-4
Junior Secured Convertible Promissory Note and PIK Interest $ 3 04/10/2019 J (2) 383,719.99 (3) 12/16/2015 12/16/2020 Common Stock 127,906 (3) (2) 0 (1) I By MBM - Trust A-4
Junior Secured Convertible Promissory Note and PIK Interest $ 3 04/10/2019 J (2) 1,303,946.46 (3) 12/27/2016 12/27/2021 Common Stock 434,648 (3) (2) 0 (1) I By Milfam II L.P.
Explanation of Responses:
1. Except for possessing voting and dispositive power, the reporting person disclaims any other beneficial ownership of, and specifically any pecuniary interest in, the securities reported herein. This filing is not, and shall not be deemed, an admission (and the reporting person expressly disclaims) that the reporting person is, for purposes of Rule 16a-1(a)(2) under Section 16 of the Securities Exchange Act of 1934, the beneficial owner of any equity securities covered by this filing.
2. On April 10, 2019, the Issuer paid in full all amounts due under this Junior Secured Convertible Note, including PIK interest accrued through April 10, 2019.
3. Includes all PIK interest on this Junior Secured Convertible Promissory Note accrued through April 10, 2019.
Remarks:
Mr. Neil S. Subin ("Mr. Subin"), who succeeded to the position of President and Manager of MILFAM LLC, which serves as manager, general partner, or investment advisor of a number of entities formerly managed or advised by the late Lloyd I. Miller, III., and also serves as trustee of a number of Miller family trusts, and Alimco Financial Corporation ("Alimco") may be deemed to constitute a "group" for purposes of Section 13(d) of the Exchange Act. Mr. Subin and Alimco respectively disclaim (i) the existence of, and membership in, a "group" within the meaning of Section 13(d)(3) of the Exchange Act and Rule 13d-5(b) thereunder, and (ii) beneficial ownership of the securities reported by the other reporting person. The shares of Common stock ("Shares") reported by Mr. Subin in in this filing do not include Shares reported separately by Alimco.
/s/ Paul N. Silverstein Attorney-in-fact 04/12/2019
** Signature of Reporting Person Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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