<SEC-DOCUMENT>0000905148-24-003383.txt : 20241218
<SEC-HEADER>0000905148-24-003383.hdr.sgml : 20241218
<ACCEPTANCE-DATETIME>20241218163110
ACCESSION NUMBER:		0000905148-24-003383
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20241216
FILED AS OF DATE:		20241218
DATE AS OF CHANGE:		20241218

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C.
		CENTRAL INDEX KEY:			0001282197
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35843
		FILM NUMBER:		241559689

	BUSINESS ADDRESS:	
		STREET 1:		2187 ATLANTIC STREET
		STREET 2:		9TH FLOOR
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
		BUSINESS PHONE:		203-552-0888

	MAIL ADDRESS:	
		STREET 1:		2187 ATLANTIC STREET
		STREET 2:		9TH FLOOR
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902

	FORMER NAME:	
		FORMER CONFORMED NAME:	BLACK DIAMOND CAPITAL MANAGEMENT LLC
		DATE OF NAME CHANGE:	20040301

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Deckoff Stephen H
		CENTRAL INDEX KEY:			0001486844
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35843
		FILM NUMBER:		241559690

	MAIL ADDRESS:	
		STREET 1:		1 SOUND SHORE DRIVE
		STREET 2:		SUITE 200
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KVH INDUSTRIES INC \DE\
		CENTRAL INDEX KEY:			0001007587
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				050420589
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		50 ENTERPRISE CENTER
		CITY:			MIDDLETOWN
		STATE:			RI
		ZIP:			02842
		BUSINESS PHONE:		4018473327

	MAIL ADDRESS:	
		STREET 1:		50 ENTERPRISE CENTER
		CITY:			MIDDLETOWN
		STATE:			RI
		ZIP:			02842
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2024-12-16</periodOfReport>

    <issuer>
        <issuerCik>0001007587</issuerCik>
        <issuerName>KVH INDUSTRIES INC \DE\</issuerName>
        <issuerTradingSymbol>KVHI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001486844</rptOwnerCik>
            <rptOwnerName>Deckoff Stephen H</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5330 YACHT HAVEN GRANDE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 100</rptOwnerStreet2>
            <rptOwnerCity>ST. THOMAS</rptOwnerCity>
            <rptOwnerState>VI</rptOwnerState>
            <rptOwnerZipCode>00802</rptOwnerZipCode>
            <rptOwnerStateDescription>VIRGIN ISLANDS, U.S.</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001282197</rptOwnerCik>
            <rptOwnerName>BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2187 ATLANTIC STREET</rptOwnerStreet1>
            <rptOwnerStreet2>9TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06902</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2024-12-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>22499</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>5.7754</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3384054</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes (4) &amp; (5)</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>12473</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents a weighted average price. The Shares (as defined herein) were purchased in multiple transactions at prices ranging from $5.70 to $5.80, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range set forth in this footnote.</footnote>
        <footnote id="F2">These shares of restricted stock are held of record by Mr. Deckoff for the benefit of Black Diamond Capital Management, L.L.C. (&quot;Black Diamond&quot;) and/or certain Black Diamond investment vehicles managed by Black Diamond (the &quot;Black Diamond vehicles&quot;) and will be transferred to Black Diamond or the Black Diamond vehicles upon vesting and settlement. Mr. Deckoff disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.</footnote>
        <footnote id="F3">Reported amounts have been adjusted to reflect the transfer of 4,157 Shares from Mr. Deckoff to Black Diamond and the Black Diamond vehicles on November 13, 2024, upon the vesting and settlement of restricted stock previously granted to Mr. Deckoff, which transfer was exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), by virtue of Rule 16a-13 thereunder.</footnote>
        <footnote id="F4">These shares of Common Stock (&quot;Shares&quot;) are held directly by the Black Diamond vehicles. Black Diamond exercises investment discretion on behalf of investment advisory affiliates that serve as investment advisers to the Black Diamond vehicles. Mr. Deckoff is the Managing Principal of Black Diamond.</footnote>
        <footnote id="F5">Each of the Reporting Persons disclaims beneficial ownership over the Shares, except to the extent of its or his pecuniary interest therein, and this statement shall not be construed as an admission that such Reporting Person is the beneficial owner of any Shares for purposes of Section 16 of the Exchange Act or for any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Stephen H. Deckoff</signatureName>
        <signatureDate>2024-12-18</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Black Diamond Capital Management, L.L.C., By: /s/ Stephen H. Deckoff, Managing Principal</signatureName>
        <signatureDate>2024-12-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
