# EDGAR Filing Document

**Accession Number:** 0001257238
**File Stem:** 0001062993-23-001610
**Filing Date:** 2023-1
**Character Count:** 6395
**Document Hash:** 2723109df76c1250ae88e55a8c9bcc94
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-23-001610.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001062993-23-001610

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230126

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** MCCONNELL MARC H
- **CENTRAL INDEX KEY:** 0001257238

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-05131
- **FILM NUMBER:** 23569407

**MAIL ADDRESS:**
- **STREET 1:** 1118 N QUEEN ST
- **CITY:** KINSTON
- **STATE:** NC
- **ZIP:** 28501
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARTS WAY MANUFACTURING CO INC
- **CENTRAL INDEX KEY:** 0000007623
- **STANDARD INDUSTRIAL CLASSIFICATION:** FARM MACHINERY & EQUIPMENT [3523]
- **IRS NUMBER:** 420920725
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**BUSINESS ADDRESS:**
- **STREET 1:** P O BOX 288
- **CITY:** ARMSTRONG
- **STATE:** IA
- **ZIP:** 50514
- **BUSINESS PHONE:** 7128643131

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 288
- **CITY:** ARMSTRONG
- **STATE:** IA
- **ZIP:** 50514

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>MCCONNELL MARC H<br><sub>(Last) (First) (Middle)</sub><br>5556 HIGHWAY 9<br><sub>(Street)</sub><br>ARMSTRONG, IA 50514<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-26 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ARTS WAY MANUFACTURING CO INC [ ARTW ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-01-26 |  | A |  | 25000<sup>(1)</sup> | A | $0 | 164500 | D |  |
| Common Stock |  |  |  |  |  |  |  | 5000 | I | By IRA #1 |
| Common Stock |  |  |  |  |  |  |  | 580 | I | By IRA #2 |
| Common Stock |  |  |  |  |  |  |  | 5000 | I | By child #1 |
| Common Stock |  |  |  |  |  |  |  | 5000 | I | By child #2 |
| Common Stock |  |  |  |  |  |  |  | 2149819 | I | McConnell Legacy Investments, LLC<sup>(2)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option (Right to Buy) | $6.4000 |  |  |  |  |  |  | 2013-04-25 | 2023-04-25 | Common Stock | 2000 |  | 2000 | D |  |
| Stock Option (Right to Buy) | $6.1500 |  |  |  |  |  |  | 2014-04-29 | 2024-04-29 | Common Stock | 2000 |  | 2000 | D |  |
| Stock Option (Right to Buy) | $4.7000 |  |  |  |  |  |  | 2015-04-22 | 2025-04-22 | Common Stock | 2000 |  | 2000 | D |  |

---

### Footnotes:

(1) Represents 25,000 shares of restricted stock for which risks of forfeiture lapse as to 8,334 shares on 1/26/2024 and as to 8,333 shares on 1/26/2025 and 1/26/2026.

(2) The Reporting Person serves as Managing Member of McConnell Legacy Investments, LLC.

**Signature:** /s/ Edward Peilen as attorney-in-fact for Marc H. McConnell pursuant to a power of attorney filed previously.  
**Date:** 2023-01-30

### Remarks:

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.**