SCHEDULE 13D
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CUSIP No. 45779L 107
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Page 2 of 6
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1.
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Name of reporting person
Edward E. Cohen
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2.
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Check the Appropriate Box if a Member of a Group (see instructions)
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(a) £ (b) T
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3.
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SEC use only
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4.
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Source of funds (see instructions)
PF
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5.
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Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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£
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6.
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Citizenship or place of organization
United States
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Number of
shares
beneficially
owned by
each
reporting
person
with
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7.
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Sole voting power
2,428,352
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8.
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Shared voting power
88,365 (1)
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9.
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Sole dispositive power
2,428,352
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10.
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Shared dispositive power
88,365 (1)
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11.
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Aggregate amount beneficially owned by each reporting person
2,516,717(1)
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12.
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Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)
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T
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13.
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Percent of class represented by amount in Row (11)
14.9%
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14.
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Type of reporting person (see instructions)
IN
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(1)
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Of this amount, 88,365 shares are held by Solomon Investment Partnership, L.P. The Reporting Person and Betsy Z. Cohen, his spouse, are the sole shareholders, officers and directors of the corporate general partner of Solomon Investment Partnership, L.P. and are the sole partners of the partnership.
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SCHEDULE 13D
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CUSIP No. 45779L 107
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Page 3 of 6
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SCHEDULE 13D
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CUSIP No. 45779L 107
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Page 4 of 6
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Holder
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Number of Shares of Common Stock with Sole Voting and Dispositive Power
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Number of Shares of Common Stock with Shared Voting and Dispositive Power (1)
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Aggregate Number of Shares of Common Stock Beneficially Owned (1)
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Percentage of Class Beneficially Owned (1)
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Betsy Zubrow Cohen
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747,585
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88,365
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835,950
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5.4%
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Edward E. Cohen
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2,428,352
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88,365
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2,516,717
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14.9%
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(1)
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The Reporting Person shares voting and dispositive power over 88,365 Shares with Betsy Zubrow Cohen. These Shares are held by Solomon Investment Partnership, L.P., a limited partnership. The Reporting Person and Mrs. Cohen are the sole shareholders, officers and directors of the corporate general partner of Solomon Investment Partnership, L.P. and are the sole partners of the partnership.
Mrs. Cohen’s address is 1240 North Casey Key Road, Osprey FL 34229. Mrs. Cohen is the Chairman of the Board of Directors of FinTech Acquisition Corp., a blank check company formed for the purpose of acquiring one or more businesses in the financial services industry. Mrs. Cohen is also a director of Aetna, Inc., an insurance company. During the last five years, Mrs. Cohen has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). During the last five years, Mrs. Cohen has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Mrs. Cohen is a resident of the State of Florida.
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SCHEDULE 13D
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CUSIP No. 45779L 107
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Page 5 of 6
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The Reporting Person and Betsy Zubrow Cohen may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and the Reporting Person may be deemed to beneficially own an additional 747,585 Shares held by Mrs. Cohen. Including the additional 747,585 Shares held by Mrs. Cohen, the Reporting Person would beneficially own approximately 19.4% of the outstanding Shares, based on an aggregate of 16,844,687 Shares outstanding, which includes 15,382,811 Shares outstanding as of August 28,2015 plus 1,461,876 Conversion Shares. However, the Reporting Person expressly disclaims beneficial ownership of the additional 747,585 Shares beneficially owned by Mrs. Cohen. Mrs. Cohen has filed a separate Schedule 13D with respect to her beneficial ownership of the Issuer’s common stock.
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SCHEDULE 13D
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CUSIP No. 45779L 107
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Page 6 of 6
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