North Run Capital, Lp - May 18, 2023 Form 3 Insider Report for LENSAR, Inc. (LNSR)

Role
10%+ Owner
Signature
North Run Capital, LP, By: North Run Advisors, LLC, By: /s/ Thomas B. Ellis, Member
Stock symbol
LNSR
Transactions as of
May 18, 2023
Transactions value $
$0
Form type
3
Date filed
6/6/2023, 05:15 PM
Next filing
Feb 14, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LNSR Common Stock 1.1M May 18, 2023 See footnotes F1, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding LNSR Series A Convertible Preferred Stock May 18, 2023 Common Stock 7.94M $2.52 See footnotes F2, F3, F5
holding LNSR Class A Common Stock Purchase Warrants (Right to Buy) May 18, 2023 Common Stock 2.18M $2.45 See footnotes F3, F4, F5
holding LNSR Class B Common Stock Purchase Warrants (Right to Buy) May 18, 2023 Common Stock 2.18M $3.06 See footnotes F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities are directly held by North Run Capital, LP, and may be deemed to be indirectly beneficially owned by North Run Advisors, LLC as the general partner of North Run Capital, LP. The reported securities may also be deemed to be indirectly beneficially owned by Thomas B. Ellis and Todd B. Hammer as members of North Run Advisors, LLC.
F2 The Series A Convertible Preferred Stock has no expiration date and is convertible at any time at the option of NR-GRI Partners, LP, subject to a blocker provision that prevents NR-GRI Partners, LP from converting the Series A Convertible Preferred Stock into shares of Common Stock if the reporting person, together with its affiliates, would be more than a 19.99% beneficial owner of Common Stock following such conversion..
F3 The reported securities are directly held by NR-GRI Partners, LP, and may be deemed to be indirectly beneficially owned by NR-GRI Partners GP, LLC as the general partner of NR-GRI Partners, LP. The reported securities may also be deemed to be indirectly beneficially owned by Thomas B. Ellis and Todd B. Hammer as members of NR-GRI Partners GP, LLC.
F4 The reported warrants are currently exercisable, subject to a blocker provision that prevents NR-GRI Partners, LP from exercising the warrants into shares of Common Stock if the reporting person, together with its affiliates, would be more than a 19.99% beneficial owner of Common Stock following such exercise.
F5 NR-GRI Partners GP, LLC, North Run Advisors, LLC, Thomas B. Ellis and Todd B. Hammer disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interest therein, and this report shall not be deemed an admission that any of them are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

Each of North Run Capital, LP, North Run Advisors, LLC, NR-GRI Partners, LP and NR-GRI Partners, LLC may be deemed to be a director by deputization for purposes of Section 16 under the Securities and Exchange Act of 1934, as amended, by virtue of the fact that Thomas B. Ellis and Todd B. Hammer, the members of North Run Advisors, LLC and NR-GRI Partners GP, LLC, currently serve on the board of directors of the issuer.