SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934 (Amendment No. ___ )*

 

B. Riley Financial, Inc.

(Name of Issuer)

 

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

 

05580M 108

(CUSIP Number)

 

Fred Goldman

c/o Equitec Group LLC

111 W. Jackson Blvd., Suite 2000

Chicago, Illinois 60604

(312) 692-5007

 

  

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

August 3, 2018

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box ☐.

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

    

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

(Continued on following pages)

    

 

 

 

 

 

CUSIP No. 05580M 108 13D Page 2 of 11 Pages

  

1

NAMES OF REPORTING PERSONS

 

DJ Fund Investments, LLC – Series E; Tax ID No. 46-3799992

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

(a): ☒

(b): ☐

3

SEC USE ONLY

 

4

SOURCE OF FUNDS (See Instructions)

 

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Illinois

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7

SOLE VOTING POWER

 

0 Shares

8

SHARED VOTING POWER

 

2,000,000 Shares

9

SOLE DISPOSITIVE POWER

 

0 Shares

10

SHARED DISPOSITIVE POWER

 

2,000,000 Shares

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,000,000 Shares

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ☐

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

7.65%*

14

TYPE OF REPORTING PERSON (See Instructions)

 

PN

 

*This percentage is based upon 26,127,031 outstanding shares of Common Stock reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 3, 2018.

  

 

 

 

CUSIP No. 05580M 108 13D Page 3 of 11 Pages

 

1

NAMES OF REPORTING PERSONS

 

Daniel Asher

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

(a): ☒

(b): ☐

3

SEC USE ONLY

 

4

SOURCE OF FUNDS (See Instructions)

 

OO, PF

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Illinois

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7

SOLE VOTING POWER

 

244,104 Shares

8

SHARED VOTING POWER

 

2,000,000 Shares

9

SOLE DISPOSITIVE POWER

 

244,104 Shares

10

SHARED DISPOSITIVE POWER

 

2,000,000 Shares

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,244,104 Shares

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ☐

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.59%*

14

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

*This percentage is based upon 26,127,031 outstanding shares of Common Stock reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 3, 2018.

  

 

 

 

CUSIP No. 05580M 108 13D Page 4 of 11 Pages

  

1

NAMES OF REPORTING PERSONS

 

Fred Goldman

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

(a): ☒

(b): ☐

3

SEC USE ONLY

 

4

SOURCE OF FUNDS (See Instructions)

 

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Illinois

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7

SOLE VOTING POWER

 

0 Shares

8

SHARED VOTING POWER

 

2,000,000 Shares

9

SOLE DISPOSITIVE POWER

 

0 Shares

10

SHARED DISPOSITIVE POWER

 

2,000,000 Shares

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,000,000 Shares*

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ☐

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

7.65%**

14

TYPE OF REPORTING PERSON (See Instructions)

 

PN

 

*Mr. Goldman disclaims beneficial ownership of these Shares.
**This percentage is based upon 26,127,031 outstanding shares of Common Stock reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 3, 2018

  

 

 

    

CUSIP No. 05580M 108 13D Page 5 of 11 Pages

  

1

NAMES OF REPORTING PERSONS

 

Michael LaRocque

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

(a): ☒

(b): ☐

3

SEC USE ONLY

 

4

SOURCE OF FUNDS (See Instructions)

 

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Illinois

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7

SOLE VOTING POWER

 

0 Shares

8

SHARED VOTING POWER

 

2,000,000 Shares

9

SOLE DISPOSITIVE POWER

 

0 Shares

10

SHARED DISPOSITIVE POWER

 

2,000,000 Shares

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,000,000 Shares*

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ☐

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

7.65%**

14

TYPE OF REPORTING PERSON (See Instructions)

 

PN

 

*Mr. LaRocque disclaims beneficial ownership of these Shares.
**This percentage is based upon 26,127,031 outstanding shares of Common Stock reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 3, 2018.

  

 

 

 

Explanatory Note

 

This Schedule 13D is being filed jointly on behalf of DJ Fund Investments, LLC – Series E (“DJ Fund”), Daniel Asher, a member, and holder of less than 50% of the membership interests in DJ Fund, Fred Goldman, a manager of DJ Fund, and Michael LaRocque, a manager of DJ Fund (collectively, the “Reporting Persons” and each individually a “Reporting Person”). On December 19, 2014, DJ Fund filed a Schedule 13D with the Securities and Exchange Commission (the “SEC”) reporting beneficial ownership of the same securities reported by DJ Fund in this joint Schedule 13D. Since the time of that filing, and as described in this jointly filed Schedule 13D, the Reporting Persons, have entered into an informal, unwritten agreement that provides Mr. Asher with investment and voting power over those securities. The Reporting Persons are therefore filing this joint Schedule 13D to report their ownership of the securities described in this Schedule 13D. The agreement between the Reporting Persons relating to the joint filing of this Schedule 13D (the “Joint Filing Agreement”) is attached as Exhibit 99.1 hereto.

 

Item 1.Security and Issuer.

 

This statement relates to the common stock, par value $0.0001 per share (the “Common Stock”), of B. Riley Financial, Inc. (formerly Great American Group, Inc.), a Delaware corporation (the “Issuer”), whose principal executive offices are located at 21860 Burbank Boulevard, Suite 300 South, Woodland Hills, California.

 

Item 2.Identity and Background.

 

a.DJ Fund Investments, LLC – Series E.

 

Daniel Asher.

 

Fred Goldman is a manager of DJ Fund.

 

Michael LaRocque is a manager of DJ Fund.

 

b.The business address of DJ Fund is 111 W. Jackson Blvd., Suite 2000, Chicago, Illinois 60604.

 

Mr. Asher’s business address is c/o Equitec Group LLC, 111 W. Jackson Blvd., Suite 2000, Chicago, Illinois 60604.

 

Mr. Goldman’s business address is c/o Equitec Group LLC, 111 W. Jackson Blvd., Suite 2000, Chicago, Illinois 60604.

 

Mr. LaRocque’s business address is c/o Equitec Group LLC, 111 W. Jackson Blvd., Suite 2000, Chicago, Illinois 60604.

  

 Page 6 of 11 Pages 

 

 

c.The primary purpose of DJ Fund is investing in capital.

 

Mr. Asher’s principal occupation is investor/trader.

 

Mr. Goldman’s principal occupation is Chief Financial Officer of Equitec Group, LLC.

 

Mr. LaRocque’s principal occupation is financial consultant.

 

d.During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

e.During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in a judgment, decree or final order finding any violation with respect to federal or state securities laws or enjoining future violations of, or prohibiting or mandating activities subject to, such laws.

 

f.DJ Fund is an Illinois designated series of DJ Fund Investments, LLC, an Illinois limited liability company.

 

Each of Mr. Asher, Mr. Goldman and Mr. LaRocque is a citizen of the United States of America.

 

Item 3.Source and Amount of Funds or Other Consideration.

 

DJ Fund is reporting beneficial ownership of 2,000,000 shares of Common Stock (the “DJ Fund Shares”), which were acquired, pursuant to a securities purchase agreement among the Issuer, DJ Fund and certain other investors, dated as of May 19, 2014 (the “Securities Purchase Agreement”), in a private placement that closed on June 5, 2014 (the “Private Placement”), at the price of $5.00 per share. The source of the purchase price for the DJ Fund Shares was capital contributions made by each member of DJ Fund. No borrowed funds were used in the purchase of the DJ Fund Shares. DJ Fund’s beneficial ownership of the DJ Fund Shares was initially reported on a Schedule 13D filed with the SEC on December 19, 2014. Since the time of that filing, DJ Fund’s percentage of beneficial ownership of shares of Common Stock has decreased as a result of the Company issuing additional shares of Common Stock.

 

Mr. Asher is reporting beneficial ownership of 2,244,104 shares of Common Stock, including (i) the 2,000,000 DJ Fund Shares over which Mr. Asher has shared investment power pursuant to an informal, unwritten agreement between the Reporting Persons (ii) 244,104 shares of Common Stock, were purchased through and are held in a brokerage account of Equitec Proprietary Market, LLC in Mr. Asher’s name. The source of the purchase price of the August Brokerage Account Shares, as disclosed on Exhibit 99.2 Transactions of the Reporting Persons Effected Since The Last 13D Filing, was personal funds of Mr. Asher and funds generated and held by Mr. Asher’s brokerage account and no borrowed funds were used in the purchase of such shares.

  

 Page 7 of 11 Pages 

 

 

Item 4.Purpose of Transaction.

 

The purchases of shares of Common Stock by the Reporting Persons were for investment purposes. The Reporting Persons may purchase additional shares from time to time depending upon price, market conditions, availability of funds, evaluation of other investment opportunities, and other factors. Although the Reporting Persons have no present intention to sell any shares, they could determine from time to time, based upon the same factors listed above for purchases, to sell some or all of the shares held by it.

 

Except as set forth above, none of the Reporting Persons has any plan or proposal which relates to any of the following matters:

 

(a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;

 

(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;

 

(c) A sale or transfer of a material amount of assets of the Issuer or of any of its subsidiaries;

 

(d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

 

(e) Any material change in the present capitalization or dividend policy of the Issuer;

 

(f) Any other material change in the Issuer’s business or corporate structure;

 

(g) Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;

 

(h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

 

(i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or

 

(j) Any action similar to any of those enumerated above.

  

 Page 8 of 11 Pages 

 

 

Item 5.Interest in Securities of Issuer.

 

(a)DJ Fund’s total beneficial ownership amounts to 2,000,000 shares of Common Stock, constituting 7.65% of the outstanding shares of Common Stock of the Issuer.

 

Mr. Asher’s total beneficial ownership amounts to 2,244,104 shares of Common Stock, constituting 8.59% of the outstanding shares of Common Stock of the Issuer.

 

By reason of his status as a manager of DJ Fund, Mr. Goldman may be deemed to beneficially own the 2,000,000 DJ Fund Shares, constituting 7.65% of the outstanding shares of Common Stock of the Issuer. Except to the extent of his pecuniary interest therein, Mr. Goldman disclaims beneficial ownership of the 2,000,000 DJ Fund Shares.

 

By reason of his status as a manager of DJ Fund, Mr. LaRocque may be deemed to beneficially own the 2,000,000 DJ Fund Shares, constituting 7.65% of the outstanding shares of Common Stock of the Issuer. Mr. LaRocque disclaims beneficial ownership of the 2,000,000 DJ Fund Shares.

 

(b)DJ Fund holds shared investment and voting power over the 2,000,000 DJ Fund Shares.

 

Mr. Asher holds sole investment and voting power over the 244,104 Brokerage Account Shares. Mr. Asher holds shared investment and voting power over the 2,000,000 DJ Fund Shares with DJ Fund, pursuant to an informal, unwritten agreement.

 

By reason of his status as a manager of DJ Fund, Mr. Goldman may be deemed to hold shared investment and voting power over the 2,000,000 DJ Fund Shares, constituting 7.65% of the outstanding shares of Common Stock of the Issuer. Mr. Goldman disclaims beneficial ownership of the 2,000,000 DJ Fund Shares.

 

By reason of his status as a manager of DJ Fund, Mr. LaRocque may be deemed to hold shared investment and voting power over the 2,000,000 DJ Fund Shares, constituting 7.65% of the outstanding shares of Common Stock of the Issuer. Mr. LaRocque disclaims beneficial ownership of the 2,000,000 DJ Fund Shares.

 

(c)Since the last 13D filing, none of the Reporting Persons has effected any transactions in the Common Stock of the Issuer except as otherwise disclosed on Exhibit 99.2 of this Schedule 13D.

 

(d)Other than the entities and persons named in sub-item (a) above, to the knowledge of the Reporting Persons, no other person has the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock beneficially owned by the Reporting Persons.

 

(e)Not applicable.

  

 Page 9 of 11 Pages 

 

 

Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

Reference is made to (i) the Joint Filing Agreement which is attached as Exhibit 99.1 hereto, (ii) the Securities Purchase Agreement, which is attached as Exhibit 99.3 hereto, and (iii) the Registration Rights Agreement, which is attached as Exhibit 99.4 hereto, each of which is described in the July 12th Schedule 13D filed with the SEC on behalf of the Reporting Persons on July 12, 2016, and is incorporated by reference herein.

 

Reference is also made to the informal unwritten agreement between the Reporting Parties, described in the July 12th Schedule 13D filed with the SEC on behalf of the Reporting Persons on July 12, 2016, that provides Mr. Asher with investment and voting power over the DJ Fund Shares.

 

Other than the agreements referenced above, there are no contracts, arrangements understandings or relationships (legal or otherwise) between the Reporting Persons and any person with respect to any securities of the Issuer.

 

Item 7.Materials to be Filed as Exhibits.

 

Exhibit No.   Description
     
99.1   Joint Filing Agreement.
     
99.2   Transactions of the Reporting Persons Effected Since the Last 13D Filing.
     
99.3   Securities Purchase Agreement, dated May 19, 2014, by and among B. Riley Financial, Inc. (then, Great American Group, Inc.) and each purchaser identified on Annex A thereto (incorporated herein by reference to Exhibit 10.1 of Great American Group, Inc.’s Current Report on Form 8-K filed May 19, 2014) (File No. 000-54010)
     
99.4   Form of Registration Rights Agreement (incorporated herein by reference to Exhibit 10.2 of B. Riley Financial, Inc.’s (then, Great American Group, Inc.) Current Report on Form 8-K filed May 19, 2014) (File No. 000-54010)

 

 Page 10 of 11 Pages 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: August 7, 2018

 

  /s/ Fred Goldman
  DJ Fund Investments, LLC – Series E
  By: Fred Goldman
  Its: Manager
   
  /s/ Daniel Asher
  Daniel Asher
   
  /s/ Fred Goldman
  Fred Goldman
   
  /s/ Michael LaRocque
  Michael LaRocque

  

 Page 11 of 11 Pages 

Exhibit 99.1

 

Joint Filing Agreement

 

In accordance with Rule 13d-1(k) or the Securities Exchange Act of 1934, as amended, the undersigned acknowledge and agree that the foregoing Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments thereto may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements.

 

The undersigned further acknowledge that each shall be responsible for the timely filing of such amendments and for the completeness and accuracy of the information concerning such person contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other signatory, except to the extent that such person knows or has reason to believe that such information is inaccurate.

 

Dated: July 20, 2016

 

  /s/ Fred Goldman        
  DJ Fund Investments, LLC – Series E
  By: Fred Goldman
  Its: Manager
 
  /s/ Daniel Asher            
  DANIEL ASHER
   
  /s/ Fred Goldman              
  FRED GOLDMAN
   
  /s/ Michael LaRocque              
  MICHAEL LAROCQUE

 

Exhibit 99.2

 

Transactions of the Reporting Persons Effected Since The Last 13D Filing

 

The following transactions were effected by Mr. Asher:

 

RILY  Common Stock        
Activity Type  Quantity   Price   Trade Date  Position 
SELL   -100    18.25   6/20/2017   349782 
SELL   -100    18.2   6/20/2017   349682 
SELL   -200    18.2   6/20/2017   349482 
SELL   -100    18.3   6/20/2017   349382 
SELL   -39    18.25   6/20/2017   349343 
SELL   -103    18.3   6/20/2017   349240 
SELL   -22    18.2   6/20/2017   349218 
SELL   -200    18.2   6/20/2017   349018 
SELL   -244    18.2   6/20/2017   348774 
SELL   -96    18.2   6/20/2017   348678 
SELL   -41    18.2   6/20/2017   348637 
SELL   -194    18.3   6/20/2017   348443 
SELL   -159    18.2   6/20/2017   348284 
SELL   -200    18.3   6/20/2017   348084 
SELL   -717    18.2   6/20/2017   347367 
SELL   -306    18.3   6/20/2017   347061 
SELL   -100    18.25   6/20/2017   346961 
SELL   -100    18.25   6/20/2017   346861 
SELL   -200    18.2   6/20/2017   346661 
SELL   -53    18.2   6/20/2017   346608 
SELL   -100    18.2   6/20/2017   346508 
SELL   -200    18.3   6/20/2017   346308 
SELL   -61    18.25   6/20/2017   346247 
SELL   -1    18.25   6/20/2017   346246 
SELL   -300    18.2   6/20/2017   345946 
SELL   -100    18.25   6/20/2017   345846 
SELL   -100    18.25   6/20/2017   345746 
SELL   -83    18.2   6/20/2017   345663 
SELL   -100    18.25   6/20/2017   345563 
SELL   -100    18.2   6/20/2017   345463 
SELL   -85    18.2   6/20/2017   345378 
SELL   -469    18.3   6/20/2017   344909 
SELL   -28    18.3   6/20/2017   344881 
SELL   -474    18.1   6/26/2017   344407 
SELL   -100    18.15   6/26/2017   344307 
SELL   -100    18.15   6/26/2017   344207 
SELL   -268    18.1   6/26/2017   343939 
SELL   -200    18.1   6/26/2017   343739 
SELL   -126    18.1   6/26/2017   343613 
SELL   -100    18.1   6/26/2017   343513 
SELL   -5    18.35   6/26/2017   343508 
SELL   -100    18.15   6/26/2017   343408 
SELL   -13    18.1   6/26/2017   343395 
SELL   -100    18.15   6/26/2017   343295 
SELL   -9    18.1   6/26/2017   343286 
SELL   -200    18.1   6/26/2017   343086 
SELL   -400    18.15   6/26/2017   342686 
SELL   -80    18.15   6/26/2017   342606 
SELL   -1    18.1   6/26/2017   342605 
SELL   -391    18.35   6/26/2017   342214 
SELL   -400    18.1   6/26/2017   341814 
SELL   -100    18.15   6/26/2017   341714 
SELL   -18    18.1   6/26/2017   341696 
SELL   -288    18.1   6/26/2017   341408 
SELL   -3    18.1   6/26/2017   341405 
SELL   -100    18.1   6/26/2017   341305 
SELL   -404    18.35   6/26/2017   340901 
SELL   -100    18.35   6/26/2017   340801 
SELL   -120    18.15   6/26/2017   340681 
SELL   -100    18.3   6/27/2017   340581 

 

 1 

 

 

RILY  Common Stock        
Activity Type  Quantity   Price   Trade Date  Position 
SELL   -100    18.2   6/27/2017   340481 
SELL   -100    18.2   6/27/2017   340381 
SELL   -100    18.2   6/27/2017   340281 
SELL   -300    18.2   6/27/2017   339981 
SELL   -95    18.5   6/28/2017   339886 
SELL   -3    18.5   6/28/2017   339883 
SELL   -406    18.5   6/28/2017   339477 
SELL   -33    18.5   6/28/2017   339444 
SELL   -11    18.5   6/28/2017   339433 
SELL   -1200    18.4   6/28/2017   338233 
SELL   -100    18.3   6/28/2017   338133 
SELL   -400    18.4   6/28/2017   337733 
SELL   -2100    18.5   6/28/2017   335633 
SELL   -266    18.3   6/28/2017   335367 
SELL   -200    18.3   6/28/2017   335167 
SELL   -300    18.6   6/28/2017   334867 
SELL   -200    18.5   6/28/2017   334667 
SELL   -541    18.5   6/28/2017   334126 
SELL   -1600    18.6   6/28/2017   332526 
SELL   -34    18.3   6/28/2017   332492 
SELL   -5    18.5   6/28/2017   332487 
SELL   -300    18.6   6/28/2017   332187 
SELL   -6    18.5   6/28/2017   332181 
SELL   -100    19.2   7/11/2017   332081 
SELL   -99    19.05   7/11/2017   331982 
SELL   -496    19.2   7/11/2017   331486 
SELL   -200    19.05   7/11/2017   331286 
SELL   -100    19.05   7/11/2017   331186 
SELL   -11    19.25   7/11/2017   331175 
SELL   -2    19.25   7/11/2017   331173 
SELL   -16    19.25   7/11/2017   331157 
SELL   -2    19.2   7/11/2017   331155 
SELL   -300    19.05   7/11/2017   330855 
SELL   -900    19.05   7/11/2017   329955 
SELL   -92    19.05   7/11/2017   329863 
SELL   -600    19.25   7/11/2017   329263 
SELL   -200    19.05   7/11/2017   329063 
SELL   -269    19.25   7/11/2017   328794 
SELL   -2    19.05   7/11/2017   328792 
SELL   -100    19.05   7/11/2017   328692 
SELL   -9    19.05   7/11/2017   328683 
SELL   -100    19.25   7/11/2017   328583 
SELL   -100    19.1   7/11/2017   328483 
SELL   -200    19.25   7/11/2017   328283 
SELL   -600    19.2   7/11/2017   327683 
SELL   -2    19.2   7/11/2017   327681 
SELL   -2    19.25   7/11/2017   327679 
SELL   -100    19.25   7/11/2017   327579 
SELL   -200    19.25   7/11/2017   327379 
SELL   -500    19.25   7/11/2017   326879 
SELL   -99    19.05   7/11/2017   326780 
SELL   -100    19.05   7/11/2017   326680 
SELL   -200    19.25   7/11/2017   326480 
SELL   -21    19.1   7/12/2017   326459 
SELL   -20    19.2   7/12/2017   326439 
SELL   -125    19.2   7/12/2017   326314 
SELL   -5    19.2   7/12/2017   326309 
SELL   -5    19.2   7/12/2017   326304 
SELL   -125    19.2   7/12/2017   326179 
SELL   -100    19.2   7/12/2017   326079 
SELL   -5    19.1   7/12/2017   326074 
SELL   -100    19.1   7/12/2017   325974 
SELL   -5    19.2   7/12/2017   325969 
SELL   -5    19.1   7/12/2017   325964 

 

 2 

 

 

RILY  Common Stock        
Activity Type  Quantity   Price   Trade Date  Position 
SELL   -5    19.2   7/12/2017   325959 
SELL   -100    19.2   7/12/2017   325859 
SELL   -5    19.2   7/12/2017   325854 
SELL   -5    19.2   7/12/2017   325849 
SELL   -5    19.2   7/12/2017   325844 
SELL   -23    19.2   7/12/2017   325821 
SELL   -5    19.2   7/12/2017   325816 
SELL   -5    19.2   7/12/2017   325811 
SELL   -100    19.2   7/12/2017   325711 
SELL   -946    19.1   7/12/2017   324765 
SELL   -144    19.2   7/12/2017   324621 
SELL   -23    19.1   7/12/2017   324598 
SELL   -16    19.2   7/12/2017   324582 
SELL   -5    19.2   7/12/2017   324577 
SELL   -5    19.2   7/12/2017   324572 
SELL   -100    19.2   7/12/2017   324472 
SELL   -100    19.2   7/12/2017   324372 
SELL   -497    19.5   7/14/2017   323875 
SELL   -500    19.5   7/14/2017   323375 
SELL   -100    19.4   7/18/2017   323275 
SELL   -48    19.4   7/18/2017   323227 
SELL   -100    19.4   7/18/2017   323127 
SELL   -100    19.5   7/18/2017   323027 
SELL   -100    19.5   7/18/2017   322927 
SELL   -100    19.5   7/18/2017   322827 
SELL   -100    19.4   7/18/2017   322727 
SELL   -100    19.4   7/18/2017   322627 
SELL   -125    19.5   7/18/2017   322502 
SELL   -52    19.4   7/18/2017   322450 
SELL   -100    19.4   7/18/2017   322350 
SELL   -100    19.5   7/18/2017   322250 
SELL   -200    20.05   7/19/2017   322050 
SELL   -500    19.9   7/19/2017   321550 
SELL   -100    19.9   7/19/2017   321450 
SELL   -100    20.05   7/19/2017   321350 
SELL   -300    20   7/19/2017   321050 
SELL   -100    20   7/19/2017   320950 
SELL   -332    19.7   7/19/2017   320618 
SELL   -100    20.05   7/19/2017   320518 
SELL   -200    19.5   7/19/2017   320318 
SELL   -100    20   7/19/2017   320218 
SELL   -98    20   7/19/2017   320120 
SELL   -3600    19.9   7/19/2017   316520 
SELL   -5    19.7   7/19/2017   316515 
SELL   -400    19.9   7/19/2017   316115 
SELL   -87    20.05   7/19/2017   316028 
SELL   -100    19.5   7/19/2017   315928 
SELL   -5    20   7/19/2017   315923 
SELL   -10    20   7/19/2017   315913 
SELL   -100    20.05   7/19/2017   315813 
SELL   -1500    20   7/19/2017   314313 
SELL   -234    19.5   7/19/2017   314079 
SELL   -1000    20.05   7/19/2017   313079 
SELL   -8    20.05   7/19/2017   313071 
SELL   -8    20   7/19/2017   313063 
SELL   -100    19.9   7/19/2017   312963 
SELL   -150    19.9   7/19/2017   312813 
SELL   -100    20.05   7/19/2017   312713 
SELL   -1492    20   7/19/2017   311221 
SELL   -200    19.5   7/19/2017   311021 
SELL   -2    20.05   7/19/2017   311019 
SELL   -250    20.05   7/19/2017   310769 
SELL   -451    19.5   7/19/2017   310318 
SELL   -24    20.05   7/19/2017   310294 

 

 3 

 

 

RILY  Common Stock        
Activity Type  Quantity   Price   Trade Date  Position 
SELL   -216    19.9   7/19/2017   310078 
SELL   -100    19.9   7/19/2017   309978 
SELL   -600    20.05   7/19/2017   309378 
SELL   -163    19.7   7/19/2017   309215 
SELL   -100    20.05   7/19/2017   309115 
SELL   -100    20.05   7/19/2017   309015 
SELL   -32    20.05   7/19/2017   308983 
SELL   -100    19.9   7/19/2017   308883 
SELL   -699    19.9   7/19/2017   308184 
SELL   -2600    20   7/19/2017   305584 
SELL   -100    19.5   7/19/2017   305484 
SELL   -6    19.5   7/19/2017   305478 
SELL   -2    19.5   7/19/2017   305476 
SELL   -100    20.05   7/19/2017   305376 
SELL   -35    19.9   7/19/2017   305341 
SELL   -100    20.05   7/19/2017   305241 
SELL   -69    20   7/19/2017   305172 
SELL   -100    20   7/19/2017   305072 
SELL   -100    19.9   7/19/2017   304972 
SELL   -100    20   7/19/2017   304872 
SELL   -400    19.6   7/19/2017   304472 
SELL   -7    19.5   7/19/2017   304465 
SELL   -400    20   7/19/2017   304065 
SELL   -2    20.025   7/19/2017   304063 
SELL   -100    19.9   7/19/2017   303963 
SELL   -100    19.9   7/19/2017   303863 
SELL   -100    20   7/19/2017   303763 
SELL   -100    20   7/20/2017   303663 
SELL   -100    20   7/20/2017   303563 
SELL   -300    20   7/20/2017   303263 
SELL   -200    20.2   7/20/2017   303063 
SELL   -500    20   7/20/2017   302563 
SELL   -699    20.2   7/20/2017   301864 
SELL   -100    20.2   7/20/2017   301764 
SELL   -1    20.2   7/20/2017   301763 
SELL   -100    20.2   7/20/2017   301663 
SELL   -700    20   7/20/2017   300963 
SELL   -497    20   7/21/2017   300466 
SELL   -300    20   7/21/2017   300166 
SELL   -3    20   7/21/2017   300163 
SELL   -100    19.55   7/24/2017   300063 
SELL   -200    19.6   7/24/2017   299863 
BUY   200    17.25   8/8/2017   300063 
BUY   200    17.3   8/8/2017   300263 
BUY   91    17.3   8/8/2017   300354 
BUY   9    17.3   8/8/2017   300363 
BUY   1100    17   8/8/2017   301463 
BUY   200    17.35   8/8/2017   301663 
BUY   100    17.3   8/8/2017   301763 
BUY   200    16.75   8/9/2017   301963 
BUY   100    16.75   8/9/2017   302063 
BUY   100    16.75   8/9/2017   302163 
BUY   100    16.75   8/9/2017   302263 
BUY   100    16.75   8/9/2017   302363 
BUY   100    16.75   8/9/2017   302463 
BUY   80    16.75   8/9/2017   302543 
BUY   20    16.75   8/9/2017   302563 
BUY   100    16.75   8/9/2017   302663 
BUY   40    16.75   8/9/2017   302703 
BUY   49    16.1   8/10/2017   302752 
BUY   49    16.1   8/10/2017   302801 
BUY   100    16.15   8/10/2017   302901 

 

 4 

 

 

RILY  Common Stock        
Activity Type  Quantity   Price   Trade Date  Position 
BUY   5100    16   8/10/2017   308001 
BUY   100    16.15   8/10/2017   308101 
BUY   100    16.15   8/10/2017   308201 
BUY   235    16.05   8/10/2017   308436 
BUY   100    16.1   8/10/2017   308536 
BUY   100    16.1   8/10/2017   308636 
BUY   186    16.1   8/10/2017   308822 
BUY   100    16.1   8/10/2017   308922 
BUY   100    16.1   8/10/2017   309022 
BUY   100    16.1   8/10/2017   309122 
BUY   49    16.1   8/10/2017   309171 
BUY   100    16.1   8/10/2017   309271 
BUY   100    16.1   8/10/2017   309371 
BUY   51    16.1   8/10/2017   309422 
BUY   100    16.15   8/10/2017   309522 
BUY   100    16.15   8/10/2017   309622 
BUY   100    16.15   8/10/2017   309722 
BUY   100    16.1   8/10/2017   309822 
BUY   18    16.1   8/10/2017   309840 
BUY   100    16.1   8/10/2017   309940 
BUY   100    16.1   8/10/2017   310040 
BUY   100    16.15   8/10/2017   310140 
BUY   100    16.15   8/10/2017   310240 
BUY   100    16.15   8/10/2017   310340 
BUY   151    16.1   8/10/2017   310491 
BUY   100    16.1   8/10/2017   310591 
BUY   34    16.15   8/10/2017   310625 
BUY   100    16.15   8/10/2017   310725 
BUY   51    16.1   8/10/2017   310776 
BUY   66    16.125   8/10/2017   310842 
BUY   100    16.1   8/10/2017   310942 
BUY   196    16.1   8/10/2017   311138 
BUY   865    16.05   8/10/2017   312003 
BUY   100    16.1   8/10/2017   312103 
BUY   22303    16   8/10/2017   334406 
BUY   100    16.1   8/10/2017   334506 
BUY   1    15.75   8/11/2017   334507 
BUY   53    15.75   8/11/2017   334560 
BUY   7    15.75   8/11/2017   334567 
BUY   300    15.75   8/11/2017   334867 
BUY   100    15.75   8/11/2017   334967 
BUY   1    15.75   8/11/2017   334968 
BUY   100    15.75   8/11/2017   335068 
BUY   100    15.75   8/11/2017   335168 
BUY   100    15.75   8/11/2017   335268 
BUY   5    15.75   8/11/2017   335273 

 

 5 

 

 

RILY  Common Stock        
Activity Type  Quantity   Price   Trade Date  Position 
BUY   109    15.75   8/11/2017   335382 
BUY   135    15.75   8/11/2017   335517 
BUY   235    15.75   8/11/2017   335752 
BUY   46    15.75   8/11/2017   335798 
BUY   3    15.75   8/11/2017   335801 
BUY   300    15.75   8/11/2017   336101 
BUY   115    15.75   8/11/2017   336216 
BUY   300    15.75   8/11/2017   336516 
BUY   90    15.75   8/11/2017   336606 
BUY   200    15.75   8/15/2017   336806 
BUY   100    15.75   8/15/2017   336906 
BUY   300    15.75   8/15/2017   337206 
BUY   100    15.75   8/15/2017   337306 
BUY   200    15.75   8/15/2017   337506 
BUY   100    15.75   8/15/2017   337606 
BUY   100    15.75   8/15/2017   337706 
BUY   100    15.75   8/15/2017   337806 
BUY   190    15.75   8/15/2017   337996 
BUY   5    15.75   8/15/2017   338001 
BUY   5    15.75   8/15/2017   338006 
BUY   1561    15.25   8/18/2017   339567 
BUY   1741    15.25   8/21/2017   341308 
BUY   17840    15.25   8/23/2017   359148 
BUY   3858    15.25   8/29/2017   363006 
SELL   -25699    20.17   3/27/2018   337307 
SELL   -15575    19.966   4/17/2018   321732 
SELL   -12200    20.39   4/18/2018   309532 
SELL   -9400    20.983   4/19/2018   300132 
SELL   -2600    21.25   4/20/2018   297532 
SELL   -3477    21.5   4/23/2018   294055 
SELL   -4100    21.29   4/24/2018   289955 
SELL   -1900    21.029   4/26/2018   288055 
SELL   -16409    21.53   5/8/2018   271646 
SELL   -1630    22   5/9/2018   270016 
SELL   -700    20.85   5/16/2018   269316 
SELL   -1051    20.8   5/18/2018   268265 
SELL   -1    20.95   5/21/2018   268264 
SELL   -3200    20.95   5/22/2018   265064 
SELL   -4100    20.998   5/23/2018   260964 
SELL   -2600    20.99   5/24/2018   258364 
SELL   -1600    21   5/25/2018   256764 
SELL   -4600    21.172   5/30/2018   252164 
SELL   -5100    21.5   5/31/2018   247064 
SELL   -1000    22.1   6/25/2018   246064 
SELL   -1960    23.651   6/28/2018   244104 
                   
    -105778              

  

All of the above transactions were effected on the open market and were purchased through a brokerage account of Equitec Proprietary Market, LLC in Mr. Asher’s name.

 

 6