Form Type: 4

SEC EDGAR Link
Accession Number:0001792549-21-000006
Date:2021-11-29
Issuer: USIO, INC. (USIO)
Original Submission Date:

Reporting Person:

TOPLINE CAPITAL MANAGEMENT, LLC
544 EUCLID STREET
SANTA MONICA, CA 90402

Reporting Person:

MCBIRNEY COLLIN
544 EUCLID STREET
SANTA MONICA, CA 90402

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 2021-11-29 S 14,018 d $7.98 3,326,069 f2 indirect f3
COMMON STOCK 2021-11-30 S 320 d $7.91 3,325,749 f2 indirect f3
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 the reporting persons are (i) topline capital management, llc, an exempt reporting advisor ("tcm", and (ii) collin mcbirney, tcm's managing member.
f2 each reporting person may be deemed to beneficially own more than 10% of the issuer's outstanding shares of common stock. each reporting person disclaims beneficial ownership of the shares of common stock reported herein except to the extent of its or his pecuniary interest therein, and this report shall not be deemed to be an admission that any reporting person is the beneficial owner of such shares for purposes of section 16 or for any other purpose.
f3 the shares of common stock reported in table i on this form 4 are beneficially owned by topline capital partners, lp, a delaware limited partnership (the "fund"). as a greater than 10% beneficial owner, the fund is separately reporting its holdings in the issuer's securities on a form 4 filed concurrently herewith. each of tcm, as the investment manager and general partner of the fund, and mr. mcbirney, as managing member of tcm, may be deemed to be the beneficial owner of the shares of common stock beneficially owned by the fund.
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