Major owner of Blue Sphere Corp. just picked up 25,000 shares

Management Co Lazarus, a major owner of Blue Sphere Corp., recently acquired 25,000 shares of the company. The buys took place at $0.08 per share, on May 03, 2016. Lazarus now owns 58,379,964 shares of the company. Lazarus operates out of Denver, CO. Some additional info was provided as follows:

Shares of common stock were purchased directly by Lazarus Israel Opportunities Fund II LLLP ("Lazarus Israel II"). The Price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.0799 to $0.0848, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares pur chased at each separate price within the range set forth in this footnote. This form is filed jointly by Lazarus Management Company LLC ("Lazarus Management"), Justin B. Borus, Lazarus Israel Opportunities Fund LLLP ("Lazarus Israel I"), Lazarus Israel II and Lazarus Investment Partners LLLP ("Lazarus Partners" and together with Lazarus Israel I and Lazarus Israel II, the "Funds"). The securities reported herein are owned directly by the Funds as follows: (i) Lazarus Israel I owns 41,682,641 shares of common stock and 12,500,000 warrants; (ii) Lazarus Israel II owns 7,896,847 shares of common stock and 2,727,273 warrants; and (iii) Lazarus Partners owns 8,800,476 shares of common stock and 2,272,728 warrants. Lazarus Management is the investment adviser and general partner of the Funds and Mr. Borus is the manager of Lazarus Management. Each of Lazarus Management and Mr. Borus expressly disclaims beneficial ownership of the securities held by the Funds except to the extent of his or its pecuniary interest therein. Each of the Funds expressly disclaims beneficial ownership of the shares held by the other Funds. The filing of this Form 4 shall not be construed as an admission that either Lazarus Management or Mr. Borus, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, is the beneficial owner of any of the securities reported herein.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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