P2 Capital Partners, LLC Form 4 Filed 2022-09-20

FORM 4

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

Savanna Holdings, LLC

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)

(Last)

(First)

(Middle)

C/O P2 CAPITAL PARTNERS, LLC, 590 MADISON AVENUE, 25TH FLOOR

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2022

(Street)

NEW YORK, NY 10022

(City)

(State)

(Zip)

4. If Amendment, Date 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 Shares	09/16/2022		J⁽¹⁾		2,946,961	D	$ 0	0	D
Common Shares	09/16/2022		J⁽¹⁾		715,705	A	$ 0	715,705	D⁽²⁾
Common Shares	09/16/2022		J⁽¹⁾		2,231,256	A	$ 0	2,231,256	D⁽³⁾
Common Shares	09/16/2022		J⁽⁴⁾		2,231,256	D	$ 0	0	D⁽³⁾
Common Shares	09/16/2022		J⁽⁴⁾		63,758	A	$ 0	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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Savanna Holdings, LLC C/O P2 CAPITAL PARTNERS, LLC 590 MADISON AVENUE, 25TH FLOOR NEW YORK, NY 10022		X
P2 Capital Partners, LLC 590 MADISON AVENUE 25TH FLOOR NEW YORK, NY 10022		X
P2 Capital Master Fund I, L.P. C/O P2 CAPITAL PARTNERS, LLC 590 MADISON AVENUE, 25TH FLOOR NEW YORK, NY 10022				Affiliate of 10% owner
P2 Capital Fund IV, L.P. C/O P2 CAPITAL PARTNERS, LLC 590 MADISON AVENUE, 25TH FLOOR NEW YORK, NY 10022				Affiliate of 10% owner
MOLLER CLAUS J C/O P2 CAPITAL PARTNERS, LLC 590 MADISON AVENUE, 25TH FLOOR NEW YORK, NY 10022		X

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.

	Signatures
	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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