Form Type: 4

SEC EDGAR Link
Acccession Number:0001209191-19-045943
Date:2019-08-12
Issuer: ASTEA INTERNATIONAL INC (ATEA)
Original Submission Date:

Reporting Person:

KANEN DAVID
5850 CORAL RIDGE DR STE 309
CORAL SPRINGS, FL 33076

Reporting Person:

KANEN WEALTH MANAGEMENT LLC
5850 CORAL RIDGE DR STE 309
CORAL SPRINGS, FL 33076

Reporting Person:

PHILOTIMO FUND, LP
5850 CORAL RIDGE DR STE 309
CORAL SPRINGS, FL 33076

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-08-12 P 500 a $5.50 226,536 indirect f3
COMMON STOCK 2019-08-13 P 600 a $5.46 227,136 indirect f3
COMMON STOCK 2019-08-14 P 47,000 a $5.40 274,136 indirect f3
COMMON STOCK 2019-08-14 J 1,742 d $0.00 272,394 indirect f3
COMMON STOCK 0 $0.00 2,600 direct
COMMON STOCK 0 $0.00 177,165 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 this form 4 is filed jointly by david kanen, kanen wealth management, llc ("kwm") and the philotimo fund, lp (collectively, the "reporting persons"). each of the reporting persons may be deemed to be a member of a group that may be deemed to collectively beneficially own more than 10% of the issuer's outstanding shares of common stock. the filing of this form 4 shall not be deemed an admission that the reporting persons are, for purposes of section 13(d) of the securities exchange act of 1934, as amended, the beneficial owners of any securities of the issuer he or it does not directly own.
f2 mr. kanen beneficially owns, pursuant to the beneficial ownership rules of section 13(d) of the securities exchange act of 1934, as amended (the "exchange act"), 452,159 shares of common stock, which represent approximately 12.4% of the issuer's outstanding shares of common stock. pursuant to such beneficial ownership rules, mr. kanen, as the managing member of kwm, may be deemed to beneficially own the 274,994 shares of common stock held in customer accounts managed by kwm (including the 2,600 shares held in mr. kanen's account) and the 177,165 shares of common stock held by the philotimo fund llc, of which kwm is the general partner. mr. kanen expressly disclaims such beneficial ownership except to the extent of his pecuniary interest therein. mr. kanen does not have a pecuniary interest under section 16 of the exchange act in the shares of common stock held in customer accounts managed by kwm other than the 2,600 shares held in mr. kanen's account.
f3 kanen wealth management llc ("kwm") does not have a pecuniary interest in the shares of common stock held in customer accounts managed by kwm. the number reflected above excludes 2,600 shares held in mr. kanen's account as described in footnote 2 above.
f4 these shares relate to customer accounts that are no longer managed by kanen wealth management llc ("kwm").

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