SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BERMAN ROBERT ALAN

(Last) (First) (Middle)
C/O REKOR SYSTEMS, INC.
14420 ALBEMARLE POINT PLACE, SUITE 200

(Street)
CHANTILLY VA 20151

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Rekor Systems, Inc. [ REKR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/17/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/17/2021 A 53,220(1) A $0.00 75,220(2) D
Common Stock 2,940,104 I By Avon Road Partners, L.P.(3)
Common Stock 2,725,836 I By Rekor Holdings LLC(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
BERMAN ROBERT ALAN

(Last) (First) (Middle)
C/O REKOR SYSTEMS, INC.
14420 ALBEMARLE POINT PLACE, SUITE 200

(Street)
CHANTILLY VA 20151

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Avon Road Partners, L.P.

(Last) (First) (Middle)
2811 AQUETONG ROAD

(Street)
NEW HOPE PA 18938

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Rekor Holdings LLC

(Last) (First) (Middle)
2811 AQUETONG ROAD

(Street)
NEW HOPE PA 18938

(City) (State) (Zip)
Explanation of Responses:
1. Consists of 53,220 Restricted Stock Units ("RSUs") which shall vest in two equal installments as follows: the first half shall vest on May 15, 2021 and the second half shall vest on March 15, 2022.
2. Includes 53,220 RSUs as set forth in Footnote 1.
3. Mr. Berman is the general partner of Avon Road Partners, L.P.
4. Mr. Berman is the manager of Rekor Holdings LLC and maintains voting and dispositive power over the Common Stock.
Remarks:
/s/ Robert A. Berman 03/19/2021
Robert A. Berman, General Partner of Avon Road Partners, L.P. 03/19/2021
Robert A. Berman, Manager of Rekor Holdings LLC 03/19/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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