0001437749-15-008671.txt : 20150504 0001437749-15-008671.hdr.sgml : 20150504 20150501215021 ACCESSION NUMBER: 0001437749-15-008671 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150504 DATE AS OF CHANGE: 20150501 GROUP MEMBERS: BC ALPHA HOLDINGS I, LLC GROUP MEMBERS: BCP 2 WCR, LLC GROUP MEMBERS: BCP2 ALPHA, LLC GROUP MEMBERS: BLACKSTREET CAPITAL ADVISORS II, LLC GROUP MEMBERS: BLACKSTREET CAPITAL MANAGEMENT, LLC GROUP MEMBERS: BLACKSTREET CAPITAL PARTNERS (QP) II, L.P. GROUP MEMBERS: MURRY N. GUNTY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN CAPITAL RESOURCES, INC. CENTRAL INDEX KEY: 0001363958 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 470848102 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81924 FILM NUMBER: 15826120 BUSINESS ADDRESS: STREET 1: 2201 WEST BROADWAY CITY: COUNCIL BLUFFS STATE: IA ZIP: 51501 BUSINESS PHONE: 712-322-4020 MAIL ADDRESS: STREET 1: 2201 WEST BROADWAY CITY: COUNCIL BLUFFS STATE: IA ZIP: 51501 FORMER COMPANY: FORMER CONFORMED NAME: URON INC DATE OF NAME CHANGE: 20060524 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WCR, LLC CENTRAL INDEX KEY: 0001488565 IRS NUMBER: 010957123 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 5425 WISCONSIN AVENUE STREET 2: SUITE 701 CITY: CHEVY CHASE STATE: MD ZIP: 20815 BUSINESS PHONE: (240) 223-1330 MAIL ADDRESS: STREET 1: 5425 WISCONSIN AVENUE STREET 2: SUITE 701 CITY: CHEVY CHASE STATE: MD ZIP: 20815 SC 13D/A 1 wcr20150501_sc13da.htm SCHEDULE 13D/A wcr20150501_sc13da.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

Western Capital Resources, Inc.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

957881 10 5

(CUSIP Number)

 

WCR, LLC

c/o Blackstreet Capital Management, LLC

5425 Wisconsin Avenue, Suite 701

Chevy Chase, MD 20815

Phone: (240) 223-1322

 

(Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications)

 

April 21, 2014

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box .

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 
 
 

 

Introduction

 

This Amendment No. 4 to Schedule 13D is being filed with the U.S. Securities and Exchange Commission (the “SEC”) on behalf of WCR, LLC, a Delaware limited liability company, BCP 2 WCR, LLC, a Delaware limited liability company, Blackstreet Capital Partners (QP) II, L.P., a Delaware limited partnership (“BCP QP”), Blackstreet Capital Advisors II, LLC, a Delaware limited liability company (“BCA”), BC Alpha Holdings I, LLC, a Delaware limited liability company (“BCAH I”), BCP2 Alpha, LLC, a Delaware limited liability company (“BCP2 Alpha”), and Murry N. Gunty (collectively, the “Reporting Persons”) who may be deemed to constitute a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. The Reporting Persons have entered into a Joinder Agreement To Agreement As To Joint Filing, dated October 14, 2014, which was previously filed with Amendment No. 3 to Schedule 13D filed with the SEC on October 14, 2014.

 

On April 15, 2015, the manager and the majority member of BCAH I authorized the distribution, without consideration, of 100,000 shares of common stock of Western Capital Resources, Inc. (the “Issuer”) to BCAH I’s members. In this distribution by BCAH I, BCP2 Alpha received 91,484.73 shares. BCP2 Alpha then further distributed, without consideration, all of the 91,484.73 shares of the Issuer to its members, including BCP QP that received 89,655.04 shares. BCP QP then immediately distributed all of the shares to its partners, which included 22,152.98 shares to BCA and 698.73 shares to Mr. Gunty.

 

 
 
 

 

CUSIP No. 957881 10 5

 

1

NAME OF REPORTING PERSONS

WCR, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) 

(a) ✓

(b) ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS (see instructions)

OO 

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6

CITIZENSHIP OR PLACE OF ORGANIZATION

WCR, LLC is an entity organized in the State of Delaware.

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH  

7

SOLE VOTING POWER

 

 

 

Common Stock:

2,721,396

 

8

SHARED VOTING POWER
0

 

 

9

SOLE DISPOSITIVE POWER

 

 

 

Common Stock:

2,721,396

 

10

SHARED DISPOSITIVE POWER

 

 

 

0

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  

 

 

 

 

 

Common Stock:

 

2,721,396

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

(see instructions)

☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  

 

 

Common Stock

45.4%.1 

 

    

14

TYPE OF REPORTING PERSON (see instructions)

 

CO


 

1 The percentage was calculated based on the Issuer’s total issued and outstanding shares of common stock being 5,997,588 as reported in the Issuer’s most recent Form 10-K filed with the SEC on March 31, 2015.
 

 
 
 

 

CUSIP No. 957881 10 5

 

1

NAME OF REPORTING PERSONS

BCP 2 WCR, LLC 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a) ✓

(b) ☐ 

3

SEC USE ONLY

4

SOURCE OF FUNDS (see instructions)

OO

 

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6

CITIZENSHIP OR PLACE OF ORGANIZATION

BCP 2 WCR, LLC is an entity organized in the State of Delaware.

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH  

7

SOLE VOTING POWER

 

 

 

Common Stock:

2,721,396

 

8

SHARED VOTING POWER
0

 

 

9

SOLE DISPOSITIVE POWER

 

 

 

Common Stock:

2,721,396

 

10

SHARED DISPOSITIVE POWER

 

 

 

0

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  

 

 

 

 

 

Common Stock:

 

2,721,396

 

 

 

 

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

(see instructions)

☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

Common Stock

45.4%.2

14

TYPE OF REPORTING PERSON (see instructions)

 

CO, HC

  

2 The percentage was calculated based on the Issuer’s total issued and outstanding shares of common stock being 5,997,588 as reported in the Issuer’s most recent Form 10-K filed with the SEC on March 31, 2015.

 
 
 

 

CUSIP No. 957881 10 5

 

1

NAME OF REPORTING PERSONS

BC Alpha Holdings I, LLC 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a) ✓

(b) ☐ 

3

SEC USE ONLY

4

SOURCE OF FUNDS (see instructions) 

OO

 

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6

CITIZENSHIP OR PLACE OF ORGANIZATION

BC Alpha Holdings I, LLC is an entity organized in the State of Delaware.

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH  

7

SOLE VOTING POWER

 

 

 

Common Stock:

2,886,823

 

8

SHARED VOTING POWER
0

 

 

9

SOLE DISPOSITIVE POWER

 

 

 

Common Stock:

2,886,823

 

10

SHARED DISPOSITIVE POWER

 

 

 

0

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock:

 

2,886,823

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

(see instructions)

☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

Common Stock

48.1%.1

14

TYPE OF REPORTING PERSON (see instructions)

 

CO

 

3 The percentage was calculated based on the Issuer’s total issued and outstanding shares of common stock being 5,997,588 as reported in the Issuer’s most recent Form 10-K filed with the SEC on March 31, 2015.
 

 
 
 


CUSIP No. 957881 10 5 

 

1

NAME OF REPORTING PERSONS

Blackstreet Capital Management, LLC 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a) ✓

(b) ☐ 

3

SEC USE ONLY

4

SOURCE OF FUNDS (see instructions) 

OO

 

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Blackstreet Capital Management, LLC, is an entity organized in the State of Delaware.

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH  

7

SOLE VOTING POWER

 

 

 

Common Stock:

2,886,823

 

8

SHARED VOTING POWER
0

 

 

9

SOLE DISPOSITIVE POWER

 

 

 

Common Stock:

2,886,823

 

10

SHARED DISPOSITIVE POWER

 

 

 

0

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock:

 

2,886,823

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

(see instructions)

☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

Common Stock

48.1%.1

14

TYPE OF REPORTING PERSON (see instructions)

 

CO

 

4 The percentage was calculated based on the Issuer’s total issued and outstanding shares of common stock being 5,997,588 as reported in the Issuer’s most recent Form 10-K filed with the SEC on March 31, 2015.

 
 
 

 

CUSIP No. 957881 10 5

 

1

NAME OF REPORTING PERSONS

BCP2 Alpha, LLC 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a) ✓

(b) ☐

 

3

SEC USE ONLY

4

SOURCE OF FUNDS (see instructions) 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6

CITIZENSHIP OR PLACE OF ORGANIZATION

BCP2 Alpha, LLC is an entity organized in the State of Delaware.

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH  

7

SOLE VOTING POWER

 

 

 

Common Stock:

0

 

 

    

 

8

SHARED VOTING POWER

Common Stock

 

2,886,823

 

9

SOLE DISPOSITIVE POWER

 

 

 

Common Stock:

0

 

 

    

  

10

SHARED DISPOSITIVE POWER

 

 

 

Common Stock:

2,886,823

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

 

 

 

Common Stock:

 

2,886,823

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

(see instructions)

☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

Common Stock

48.1%.1

14

TYPE OF REPORTING PERSON (see instructions)

 

CO, HC



5 The percentage was calculated based on the Issuer’s total issued and outstanding shares of common stock being 5,997,588 as reported in the Issuer’s most recent Form 10-K filed with the SEC on March 31, 2015.

 
 
 

 

CUSIP No. 957881 10 5

 

1

NAME OF REPORTING PERSONS 

Blackstreet Capital Partners (QP) II, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a) ✓

(b) ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS (see instructions) 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Blackstreet Capital Partners (QP) II, L.P. is an entity organized in the State of Delaware.

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH  

7

SOLE VOTING POWER

 

 

 

Common Stock:

0

 

8

SHARED VOTING POWER
Common Stock

 

 

5,608,219

9

SOLE DISPOSITIVE POWER

 

 

 

Common Stock:

0

 

10

SHARED DISPOSITIVE POWER

 

 

 

Common Stock:

  

5,608,219

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  

 

 

 

 

 

Common Stock:

 

5,608,219

 

 

  

 

  

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

(see instructions)

☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

Common Stock

93.5%.’’6

14

TYPE OF REPORTING PERSON (see instructions)

 

PN, HC



6 The percentage was calculated based on the Issuer’s total issued and outstanding shares of common stock being 5,997,588 as reported in the Issuer’s most recent Form 10-K filed with the SEC on March 31, 2015.
 

 
 
 

 

CUSIP No. 957881 10 5

 

1

NAME OF REPORTING PERSONS

Blackstreet Capital Advisors II, LLC 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a) ✓

(b) ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS (see instructions)

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Blackstreet Capital Advisors II, LLC is an entity organized in the State of Delaware.

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH  

7

SOLE VOTING POWER

 

 

 

Common Stock:

  

 22,152.98

8

SHARED VOTING POWER
Common Stock:

 

 

5,608,219

9

SOLE DISPOSITIVE POWER

 

 

 

Common Stock:

  

 22,152.98

10

SHARED DISPOSITIVE POWER

 

 

 

Common Stock:

 

 5,608,219

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

 

 

 

Common Stock:

 

5,630,371.98

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

(see instructions)

☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

Common Stock

93.9%.7

 

 

 

14

TYPE OF REPORTING PERSON (see instructions)

 

CO, HC

 

7 The percentage was calculated based on the Issuer’s total issued and outstanding shares of common stock being 5,997,588 as reported in the Issuer’s most recent Form 10-K filed with the SEC on March 31, 2015.

 
 
 

 

CUSIP No. 957881 10 5

 

1

NAME OF REPORTING PERSONS

Murry N. Gunty 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a) ✓

(b) ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS (see instructions)

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

  

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Murry N. Gunty is a citizen of the Unites States of America.

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH  

7

SOLE VOTING POWER

 

 

 

Common Stock:

  

 23,315.99

8

SHARED VOTING POWER

Common Stock:

 

 

 

5,608,219

9

SOLE DISPOSITIVE POWER

 

 

 

Common Stock:

  

23,315.99

10

SHARED DISPOSITIVE POWER

 

 

 

Common Stock:

 

 5,608,219

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

 

 

 

Common Stock:

 

5,631,535

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

(see instructions)

☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

Common Stock

93.9’’8

 

 

 

14

TYPE OF REPORTING PERSON (see instructions)

 

IN



 8  The percentage was calculated based on the Issuer’s total issued and outstanding shares of common stock being 5,997,588 as reported in the Issuer’s most recent Form 10-K filed with the SEC on March 31, 2015.
  

 
 
 

 

Item 1. Security and Issuer.

 

The following constitutes Amendment No. 4 to the Schedule 13D filed by the undersigned, relating to the shares of common stock, no par value per share (the “Common Stock”), of Western Capital Resources, Inc., a Minnesota corporation (the “Issuer”), having its principal executive offices at 11550 “I” Street, Suite 150, Omaha, NE 68137. This Amendment No. 4 amends the Schedule 13D, as amended, as specifically set forth.

 

Item 2. Identity and Background.

 

Item 2 is hereby amended and restated as follows:

 

 

(a)

This statement is being filed by WCR, LLC, a Delaware limited liability company (“WCR”), BCP 2 WCR, LLC, a Delaware limited liability company (“BCP 2 WCR”), Blackstreet Capital Partners (QP) II, L.P., a Delaware limited partnership (“BCP QP”), Blackstreet Capital Advisors II, LLC, a Delaware limited liability company (“BCA”), BC Alpha Holdings I, LLC, a Delaware limited liability company (“BCAH I”), BCP2 Alpha, LLC, a Delaware limited liability company (“BCP2 Alpha”), Blackstreet Capital Management, LLC, a Delaware limited liability company (“BCM”) and Murry N. Gunty. The majority owner and manager of WCR is BCP 2 WCR; and BCP QP is the majority owner and manager of BCP 2 WCR. The majority owner of BCAH I is BCP2 Alpha, and BCP QP is the majority owner of BCP2 Alpha. BCM serves as the manager of BCAH I and BCP2 Alpha, and Mr. Gunty is the manager of BCM. BCA serves as the general partner of BCP QP, and Mr. Gunty is the manager of BCA.  WCR, BCP 2 WCR, BCAH I, BCP2 Alpha, BCP QP, BCA and Mr. Gunty are collectively referred to herein as the “Reporting Persons.”

     

 

(b)

The principal business address for each of the Reporting Persons is 5425 Wisconsin Avenue, Suite 701 Chevy Chase, MD 20815.

     

 

(c)

Each of WCR, BCP 2 WCR, and BCAH I is an entity that was formed for the purpose of acquiring an interest in the Issuer. The principal business of each of BCP QP, BCP2 Alpha, and BCA is that of private partnerships engaged in investment in securities for its own account. Mr. Gunty serves as the manager of BCA and BCM, and he exercises investment and voting control over the securities owned by each of the Reporting Persons.

     

 

(d)

During the last five years, none of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

     

 

(e)

During the last five years, none of the Reporting Persons was 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.

     

 

(f)

WCR, BCP 2 WCR, BCP QP, BCAH I, BCP2 Alpha, BCM and BCA are entities organized under the laws of the State of Delaware, and Mr. Gunty is a citizen of the United States of America.

 

Item 3. Source and Amount of Funds or Other Consideration.

 

Item 3 is hereby amended and restated as follows:

 

On April 15, 2015, the manager and the majority member of BCAH I authorized the distribution, without consideration, of 100,000 shares of common stock of Western Capital Resources, Inc. (the “Issuer”) to BCAH I’s members. In this distribution by BCAH I, BCP2 Alpha received 91,484.73 shares. BCP2 Alpha then further distributed, without consideration, all of the 91,484.73 shares of the Issuer to its members, including BCP QP that received 89,655.04 shares. BCP QP then immediately distributed all of the shares to its partners, which included 22,152.98 shares to BCA and 698.73 shares to Mr. Gunty.

  

 
 
 

 

Item 4. Purpose of Transaction.

 

The 100,000 shares of Common Stock were distributed by BCAH I to its members, and immediately by its members to their members and partners as part of a periodic distribution of the assets of BCAH I to its members and the other entities to their members and partners, as the case may be. Other than as described in this Item 4, the Reporting Persons currently have no plans or proposals which relate to or would result in any of the matters described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, although the Reporting Persons reserve the right to develop such plans or proposals consistent with applicable law.

 

Item 5. Interests in Securities of the Issuer.

 

Items 5(a), (b) and (c) are amended and restated as follows:

 

 

(a)

State the aggregate number and percentage of the class of securities owned by the Reporting Persons:

  
       

 

Common Stock:

 

93.9%.’’9

       

 

(b)

Number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition:

 

Each of BCAH I and WCR directly own 2,886,823 and 2,721,396 shares of Common Stock, respectively. Each of BCAH I and WCR, and their respective members, managers and general partners (unless otherwise noted) have sole and shared voting and dispositive power over the shares of Common Stock that are directly owned by each of BCAH I and WCR as reflected in Items 7, 8, 9 and 10 of each Reporting Person’s ownership table at the beginning of this Amendment No. 4 to Schedule 13D.

  

 

 

(c)

Other than the transactions reported in this Amendment No. 4 to Schedule 13D, there were no transactions executed by any of the Reporting Persons that were effected during the past sixty days.

  

 

(d)

No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock.



 9  Each Reporting Person has the percentage of Common Stock that is reported in their respective ownership table that is included in this Amendment No. 4. The percentage presented is that of Mr. Gunty, which represents the highest ownership percentage of the Reporting Persons. The percentage was calculated based on the Issuer’s total issued and outstanding shares of common stock being 5,997,588 as reported in the Issuer’s most recent Form 10-K filed with the SEC on March 31, 2015.

 

 
 
 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

Date:

May 1, 2015

      
           

WCR, LLC

 

BCP 2 WCR, LLC

 

By:

/s/ Murry N. Gunty

 

By:

/s/ Murry N. Gunty

For:

BCA 2 WCR, LLC

 

Name:

Murry N. Gunty

Title:

Sole Manager of WCR, LLC

 

Title:

Manager of BCP2 WCR, LLC

 

By:

/s/ Murry N. Gunty

 

    

For:

Blackstreet Capital Advisors II, LLC

 

    

Title:

Sole Member of BCA 2 WCR, LLC

 

    

 

By:

/s/ Murry N. Gunty

 

    

For:

Blackstreet Capital Advisors II, LLC

 

    

Title:

Manager

 

    

BC ALPHA HOLDINGS I, LLC

 

BCP2 ALPHA, LLC

 

 

 

 

 

By:

/s/ Murry N. Gunty

 

By:

/s/ Murry N. Gunty

For:

Blackstreet Capital Management, LLC

 

For:

Blackstreet Capital Management, LLC

Title:

Manager of BC Alpha Holdings I, LLC

  

Title:

Manager of BCP2 Alpha, LLC

         

By:

/s/ Murry N. Gunty

  

By:

/s/ Murry N. Gunty

Name:

Murry N. Gunty

  

Name:

Murry N. Gunty

Title:

Manager of Blackstreet Capital Management, LLC

  

Title:

Manager of Blackstreet Capital Management, LLC

  

 
 
 

 

     

BLACKSTREET CAPITAL PARTNERS (QP) II, L.P.

 

BLACKSTREET CAPITAL ADVISORS II, LLC

     

By:

/s/ Murry N. Gunty

 

By:

/s/ Murry N. Gunty

For:

Title:

Blackstreet Capital Advisors II, LLC

General Partner of Blackstreet Capital Partners (QP) II, L.P.

 

For:

Title

Blackstreet Capital Advisors II, LLC

Manager of Blackstreet Capital Advisors II, LLC

 

 

 

    

By:

/s/ Murry N. Gunty

 

 

 

Name:

  Murry N. Gunty

 

 

 

Title:

Manager of Blackstreet Capital Advisors II, LLC

 

 

 

         
     

 BLACKSTREET CAPITAL MANAGEMENT, LLC 

 

MURRY N. GUNTY

     

By:

/s/ Murry N. Gunty

 

By:

/s/ Murry N. Gunty

Name:

Murry N. Gunty

 

Name:

Murry N. Gunty

Title: 

Manager of Blackstreet Capital Management, LLC