Inotiv (NOTV) Form 4 Inotiv / CLAUS J MOLLER 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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X

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^*

Savanna Holdings, LLC

(Last) (First) (Middle)

C/O P2 CAPITAL PARTNERS, LLC

590 MADISON AVENUE, 25TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Inotiv, Inc. [ NOTV ]

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)
09/16/2022

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 Shares	09/16/2022		J(1)		2,946,961	D	$0.00	0	D
Common Shares	09/16/2022		J(1)		715,705	A	$0.00	715,705	D(2)
Common Shares	09/16/2022		J(1)		2,231,256	A	$0.00	2,231,256	D(3)
Common Shares	09/16/2022		J(4)		2,231,256	D	$0.00	0	D(3)
Common Shares	09/16/2022		J(4)		63,758	A	$0.00	63,758	I(4)	By P2 Capital GP IV, LLC

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^*

Savanna Holdings, LLC

(Last) (First) (Middle)

C/O P2 CAPITAL PARTNERS, LLC

590 MADISON AVENUE, 25TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

P2 Capital Partners, LLC

(Last) (First) (Middle)

590 MADISON AVENUE

25TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

P2 Capital Master Fund I, L.P.

(Last) (First) (Middle)

C/O P2 CAPITAL PARTNERS, LLC

590 MADISON AVENUE, 25TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

P2 Capital Fund IV, L.P.

(Last) (First) (Middle)

C/O P2 CAPITAL PARTNERS, LLC

590 MADISON AVENUE, 25TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

MOLLER CLAUS J

(Last) (First) (Middle)

C/O P2 CAPITAL PARTNERS, LLC

590 MADISON AVENUE, 25TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

Explanation of Responses:

1. Savanna Holdings, LLC ("Savanna Holdings") distributed these shares to its members, P2 Capital Master Fund I, L.P. ("Fund I") and P2 Capital Fund IV, L.P. ("Fund IV"), ratably, for no consideration. As a result of such distribution, Savanna Holdings no longer holds any shares.

2. The securities reported are held directly by Fund I and may be deemed to be beneficially owned by P2 Capital Partners, LLC ("P2 Capital Partners") and Claus Moller because Mr. Moller is the managing member of P2 Capital Partners and P2 Capital Partners controls all of the outstanding voting interests in Fund I. Each of P2 Capital Partners and Mr. Moller disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form.

3. The securities reported are held directly by Fund IV and may be deemed to be beneficially owned by P2 Capital Partners and Claus Moller because Mr. Moller is the managing member of P2 Capital Partners and P2 Capital Partners controls all of the outstanding voting interests in Fund IV. Each of P2 Capital Partners and Mr. Moller disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form.

4. Fund IV distributed these shares to its partners, ratably, for no consideration, which included 63,758 shares distributed to P2 Capital GP IV, LLC ("GP IV"). Mr. Moller is the managing member of GP IV and disclaims beneficial ownership of the securities held by GP IV, except to the extent of his pecuniary interest therein, and this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form.

Remarks:

	SAVANNA HOLDINGS, LLC; By: P2 Capital Master Fund I, L.P., as Managing Member; By: P2 Capital Partners, LLC, as Investment Manager; By: /s/ Claus Moller, Managing Member	09/20/2022
	P2 CAPITAL PARTNERS, LLC; By: /s/ Claus Moller, Managing Member	09/20/2022
	P2 CAPITAL MASTER FUND I, L.P.; By: P2 Capital Partners, LLC, as Investment Manager; By: /s/ Claus Moller, Managing Member	09/20/2022
	P2 CAPITAL FUND IV, L.P.; By: P2 Capital Partners, LLC, as Investment Manager; By: /s/ Claus Moller, Managing Member	09/20/2022
	/s/ Claus Moller	09/20/2022
	** Signature of Reporting Person	Date
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