Amtech Systems (ASYS) director Averick bought 4,610 shares for $50.5K at $10.96

Insider transactions reported

Robert M Averick (director at Amtech Systems Inc., ASYS) reported that they bought 4,610 shares for $50.5K at $10.96 between Sep 9, 2022 and Sep 12, 2022. After these transactions the filing shows 350,000 shares held directly.

Reporting person

Averick Robert M

Holdings before and after

• Common Stock: 345,390 to 350,000 direct

Other positions listed

• Common Stock: 2,250,000 indirect, See footnote 2 below
• Common Stock: 500 indirect, See footnote 4 below

Footnotes from the filing

1. 1. Pursuant to a Schedule 13D filed on January 25, 2016, as amended (as further amended from time to time, the Schedule 13D ), (i) Piton Capital Partners LLC ( Piton ), Cornice Fiduciary Management LLC (as trustee of the Trust (as defined in the Schedule 13D)) and M3C Holdings LLC (collectively, the Kokino Family Clients ), (ii) Mr. Averick, and (iii) OIH LLC also report beneficial ownership of shares of the Issuer's $.01 par value common stock ( Common Shares ).
2. 2. Indicates 2,250,000 Common Shares beneficially owned by the Kokino Family Clients. Mr. Averick is a Portfolio Manager at Kokino LLC ( Kokino ). Mr. Averick manages the Kokino Family Clients' investment in the Issuer as a Portfolio Manager of Kokino. Mr. Averick holds an indirect interest in certain Common Shares through his minority ownership of Piton, which is a Kokino Family Client (which ownership may be held through Piton's managing member, Piton Capital Management LLC ( PCM )). Also, Mr. Averick's incentive compensation/allocation as an employee of Kokino and member of Piton, which are generally calculated in Kokino's discretion subject to Piton's and PCM's governing documents, may be based on the performance of Common Shares held by Kokino Family Clients. Such compensation/allocation may be paid or made in cash and/or by way of increasing Mr. Averick's interest in Piton (either directly or indirectly through PCM). Kokino is PCM's managing member.
3. 3. Indicates 500 Common Shares held in a custodial account for the benefit of an immediate family member of Mr. Averick.
4. 4. This is the total of all derivative securities, including those with different terms and conditions, held by Mr. Averick as of the filing date of this Form 4.

Transaction codes in this filing

Open-market purchase:

Code P marks a purchase in the open market or a private deal. The insider paid for these securities.

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