BBQ Form 4 FAMOUS DAVES OF AMERICA / David Kanen ownership change

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^*

Kanen David

(Last)

(First)

(Middle)

10141 SWEET BAY COURT

(Street)

PARKLAND

33076

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FAMOUS DAVES OF AMERICA INC [ DAVE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2018

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/15/2018		P		23,000	A	$7.8652	149,135	I	The Philotimo Fund LLC⁽³⁾
Common Stock	05/16/2018		P		5,000	A	$7.75	807,995	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	05/17/2018		P		23,356	A	$7.8328	812,995	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	05/18/2018		P		8,250	A	$7.9245	836,351	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	05/23/2018		P		90,564	A	$7.57	844,601	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	05/23/2018		P		30,000	A	$7.55	172,135	I	The Philotimo Fund LLC⁽³⁾
Common Stock	05/24/2018		P		21,900	A	$7.5247	935,165	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	05/25/2018		J		7,423	D	⁽⁴⁾	957,065	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	06/20/2018		P		4,000	A	$6.3	964,488	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	06/21/2018		P		50,948	A	$6.25	202,135	I	The Philotimo Fund LLC⁽³⁾
Common Stock	06/21/2018		J		5,579	D	⁽⁵⁾	968,488	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	07/11/2018		P		8,008	A	$6.3924	974,067	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	07/20/2018		J		813	D	⁽⁵⁾	982,075	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	07/20/2018		P		200	A	$6.45	982,888	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	07/26/2018		P		3,569	A	$6.45	983,088	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	07/30/2018		P		3,693	A	$6.4363	986,657	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	07/31/2018		P		1,218	A	$6.45	990,350	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	08/01/2018		P		4,630	A	$6.45	991,568	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	08/03/2018		P		3,189	A	$6.4215	996,198	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	08/06/2018		P		293	A	$6.4341	999,387	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	08/07/2018		P		100	A	$6.45	999,680	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	08/14/2018		P		8,507	A	$6.4878	999,780	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	08/15/2018		P		13,618	A	$6.4938	1,008,287	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	08/16/2018		P		147,792	A	$6.4877	1,021,905	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	08/16/2018		P		1,608	A	$6.4877	45,625	D⁽³⁾
Common Stock	08/17/2018		P		26,600	A	$6.3957	1,169,697	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	08/20/2018		P		4,600	A	$6.4	1,196,297	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	08/23/2018		P		128	A	$6.4	1,200,897	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	08/24/2018		P		100	A	$6.4	1,201,025	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾
Common Stock	08/27/2018		P		12,698	A	$6.45	1,201,125	I	Kanen Wealth Management LLC⁽¹⁾⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

Kanen David

(Last)

(First)

(Middle)

10141 SWEET BAY COURT

(Street)

PARKLAND

33076

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Kanen Wealth Management LLC

(Last)

(First)

(Middle)

10141 SWEET BAY COURT

(Street)

PARKLAND

33076

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Philotimo Fund, LP

(Last)

(First)

(Middle)

5850 CORAL RIDGE DRIVE, SUITE 309

(Street)

CORAL SPRINGS

33076

(City)

(State)

(Zip)

Explanation of Responses:

1. 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 55,505 shares held in Mr. Kanen's account as described in footnote 3 below.

2. Neither KWM, The Philotimo Fund, LP nor Mr. Kanen has any pecuniary interest in the purchase of these shares.

3. 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"), 1,633,009 shares of Common Stock, which represent approximately 17.4% 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 1,294,421 shares of Common Stock held in customer accounts managed by KWM (including the 55,505 shares held in Mr. Kanen's account) and the 283,083 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 55,505 shares held in Mr. Kanen's account.

4. Represents shares that were sold by one of the client managed accounts. Neither KWM, The Philotimo Fund, LP nor Mr. Kanen has any pecuniary interest in the these shares.

5. Represents a distribution of shares to a client account. Neither KWM, The Philotimo Fund, LP nor Mr. Kanen has any pecuniary interest in these shares

Remarks:

Since the Securities and Exchange Commission's electronic filing system only accepts a maximum of 30 lines per Table, this report is the second in a series of two reports being filed with the Securities and Exchange Commission. Due to certain software limitations, footnotes 4 and 5, which appear on the first report will not appear on the second report.

	/s/ David L. Kanen	09/27/2018
	/s/ Kanen Wealth Management LLC By: David L. Kanen, Managing Member	09/27/2018
	/s/ The Philotimo Fund By: David L. Kanen	09/27/2018
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

BBQ (BBQ) Form 4FAMOUS DAVES OF AMERICA / David Kanen ownership change